VISSF MySuper approved
VISSF’s Balanced accumulation option has been approved as an authorised MySuper product by industry regulator APRA.
This means employers can confidently keep making contributions to VISSF even after 1 January 2014 as a default for members who have not chosen a fund – knowing VISSF’s Balanced option, as an authorised MySuper product, meets Government rules.
Members or employers do not need to do anything as a result of the news.
The MySuper authorisation of VISSF’s existing Balanced option reflects its competitive appeal.
Government rules require MySuper accounts to offer low fees and simple features so members don’t pay for services they don’t need.