We launched a Sustainable balanced investment option in 2016 that continues to be rated as THE LOWEST COST sustainable investment option in the industry. We have an obligation to our members to grow their retirement savings over time and we aim to do so sustainably across all our investment options.
The table below shows the lowest average fees payable on a $50,000 account balance for public offer funds. Republished from the SuperRatings website – an independent superannuation ratings agency. As at 30 December 2019.
|Fund name||Fees based on 50k Balance|
|ANZ Smart Choice – Pers||$325|
|Bendigo SmartStart Super – Personal Division||$325|
|Virgin Money Super||$358|
|UniSuper Accumulation Super (1)||$361|
|MyNorth Super – Core||$366|
|QSuper – Accumulation||$415|
The Sustainable balanced option invests in a mix of growth and defensive assets and has a 70/30 growth/defensive strategic asset allocation. This option is managed passively* and is available to members of Vision Personal. It seeks to invest in companies that are considered sustainability leaders, while also screening out companies with material exposure to controversial weapons, fossil fuel exploration and production.
Vision Super is committed to abiding by our environmental, social and governance (ESG) policy, and demands that our investment managers incorporate ESG considerations into their investment decisions.
The table below illustrates how the fees and costs in the Sustainable balanced investment option for Vision Personal can affect your superannuation investment over a one-year period with an investment balanced of $50,000.
|Example – Sustainable balanced option||Balance of $50,000|
|Administration fees and costs||$78 pa ($1.50 per week) plus
0.14% of your account balance
|For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $70 in administration fees and costs, plus $78 regardless of your account balance.|
|Plus Investment fees and costs||0.12%||And you will be charged or have deducted from your investment $60 in investment fees and costs|
|Plus Transaction costs||0.03%||And, you will be charged or have deducted from your investment $15 in transaction costs|
|Equals Cost of product||If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $223 for the superannuation product.|
What is passive investing?
The Sustainable balanced option is passively invested. Vision Super has built a portfolio that closely mimics the performance of market indices. This is the opposite of active investing, which is building a portfolio that is different from a market index in an attempt to outperform it and comes with higher costs. Passive investing keeps your fees low, and that’s what Vision Personal Sustainable balanced is all about. We believe that by keeping fees low you’ll benefit in the long run.
Our actions have included moving our international shares index portfolio to the global MSCI Low Carbon index, moving our Australian shares index portfolio to the IFM low carbon index, terminating investment managers heavily invested in fossil fuels and replacing them with low-carbon managers, investing in renewables, and voting in favour of sensible climate resolutions at annual company general meetings.
We have combined everything you need to know about our sustainable balanced super option into a neat little package.
Simply click on the button below to visit RateMySuper*. This service is supplied by independent superannuation consultants, SuperRatings, who will show you what you get from Vision Super compared to every other fund in the Australian Superannuation industry. You’ll see our features, fees and services stack up pretty well against the rest.
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