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23 October, 2024

The value of choosing an industry super fund

Ever wondered how being with an industry fund makes a difference to your super? There’s more to it than superior returns and low fees. We unpack the trademarks of industry super and how they drive the way we manage your money.
man with surfboard

So, you’re with an industry super fund. You can make the cute little symbol with your hands and feel pretty good about your decision.

But what does ‘industry super’ really mean for you and how can it make a difference to your savings?

 

The trademarks of industry super

These are three things CareSuper lives and breathes:

  1. Industry funds are run to benefit members, no one else. That’s not a given for all super funds. Some, like bank-owned super, walk a tightrope to generate profits for super members and profits for shareholders. We don’t. Our decisions – and our profits – are all about you.
  2. They have a history of keeping costs low. But not at the expense of your returns. Take our approach to investing. We make active investment choices, hunting for the best opportunities to add that bit extra to your return. (We could just follow the ASX and give you the same results as a cheaper fund, but we know you expect more.)
  3. Financial planners working in your best interests. We strongly believe in the benefits of financial advice, which is why we offer access to this service, but any fees are disclosed and agreed to upfront. There are no hidden costs. It’s either part of your membership or fee for service. Full stop.

 

The difference between us and ‘Industry SuperFunds’

Ok, you’ve probably seen these ads, and maybe you even ‘compared the pair’ to choose CareSuper. But while Industry SuperFunds is behind these campaigns, it’s not actually a super fund itself. It’s the collective voice of 7 industry super funds, including ours.

Together, we work on research, policy, marketing and advocacy initiatives to improve the superannuation system for everyone. Our shared goal is to give you the best possible retirement.

Check in on your super with your online account.

 


Information correct as at 1 November 2024.

*Advice is provided by CareSuper Advice (ABN 78 102 167 877, AFSL 284443). A copy of the Financial services guide for CareSuper is available at caresuper.com.au/fsg
^Advice is provided by one of our financial planners who is an Authorised Representative or Representative of Industry Financial Services (IFS) Limited ABN 54 007 016 195 AFSL 232514 as specified in their Financial services guide. Fees may apply. Further information about the cost of advice is set out in the relevant Financial services guide, a copy of which is available for download at caresuper.com.au/fsg-comp-advice or by calling 1800 005 166. IFS is responsible for any advice given to you by its Authorised Representatives and Representatives.
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