Lexi Webster
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It has been ranked as one of the top 20 largest pension funds globally and has received numerous awards, including the Canstar Outstanding Value Award – Superannuation for several consecutive years. AustralianSuper offers a high return rate and decent fees, and its active investment strategy aims to deliver better returns for members. However, some people prefer to invest in low-fee index funds, which AustralianSuper does not offer. Additionally, casual workers in certain industries may be unable to choose their fund and may opt for alternatives to avoid extra fees. Overall, AustralianSuper is a reputable and trusted super fund with a strong focus on delivering long-term investment performance for its members.
| Characteristics | Values |
|---|---|
| Number of Members | 3.5-3.56 million |
| Member Assets | $365-$367.3 billion |
| Awards | Canstar Outstanding Value Award – Superannuation in 2011-2025, Outstanding Value Award – Account Based Pension in 2018-2024, Readers Digest Most Trusted Brands – Superannuation category winner for 13 years’ running 2013–2025, Roy Morgan Most Trusted Brand in Superannuation for 2022-2023, Most Trusted Brand in Superannuation/Wealth Management in 2024 |
| Returns | Not guaranteed |
| Performance | Ranked as one of the top 20 largest pension funds globally, Best performing super fund over the last 20 years, Highest return rate with decent fees |
| Fees | Low fees for members, Fixed fee for couples |
| Investment Options | Active investment strategy, Investment in low-fee index funds |
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What You'll Learn
AustralianSuper's investment performance
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It is ranked as one of the top 20 largest pension funds globally. The fund uses an active investment strategy to deliver better returns for its members. It has highly skilled investment teams in Australia, London, New York, and Beijing who continually research and monitor local and global investment markets, economies, business and consumer trends, and company performance. This approach helps them identify the best potential investment opportunities and make decisions about when to sell.
AustralianSuper offers a range of investment options to its members, including pre-mixed and DIY Mix options. The fund's Balanced option is designed to provide medium to long-term growth with possible short-term fluctuations. The fund's historical performance has been strong, with members in the Balanced option earning a 5.47% return in the super accumulation option and a 6.06% return in the Choice Income retirement accounts in the six months ending 31 December 2024. This brought the 10-year return for members in the Balanced option to 8.11% in super and 8.87% in Choice Income as of December 2024.
AustralianSuper has received numerous awards and recognitions for its investment performance. It received the Canstar Outstanding Value Award – Superannuation every year from 2011 to 2025 and the Outstanding Value Award – Account-Based Pension from 2018 to 2024. It was also named the Readers Digest Most Trusted Brands – Superannuation category winner for 13 consecutive years from 2013 to 2025. Additionally, AustralianSuper was recognised as the Roy Morgan Most Trusted Brand in Superannuation for 2022-2023 and Most Trusted Brand in Superannuation/Wealth Management in 2024.
While AustralianSuper has delivered strong investment performance, it is important to remember that investment returns are not guaranteed, and past performance does not guarantee future results. Markets can fluctuate in the short term, and various factors can impact investment outcomes. When choosing a super fund, it is essential to consider multiple factors, including fees, investment options, and your financial goals.
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AustralianSuper's fees
AustralianSuper is Australia's largest super fund, with over 3.5 million members and $365 billion in member assets as of March 2025. As a profit-for-member fund, AustralianSuper does not pay profits or dividends to shareholders. Instead, profits are reinvested into the fund for the benefit of its members, helping to keep fees and costs lower.
The fund offers a range of investment options, including the MySuper Balanced investment option, which has been recognised for its outstanding value. AustralianSuper also provides a Member Direct investment option, which allows members to choose their own funds. This option has lower ongoing fees compared to average operating costs for Self-Managed Super Funds.
In addition to administration fees, there may be additional costs for insurance cover, financial advice, and brokerage fees for trading shares, ETFs, and LICs. Insurance costs depend on the level of cover, age, and type of work, while financial advice fees depend on the nature and complexity of the advice provided.
AustralianSuper's annual administration fee of $387 is considered cost-efficient compared to other super funds. The fund has also received awards for its outstanding value and performance, including the Canstar Outstanding Value Award – Superannuation for five consecutive years.
While AustralianSuper's fees are generally considered competitive, some individuals have expressed a preference for lower-fee index funds or other super funds with lower administration fees. It's important to note that fees are just one factor to consider when choosing a super fund, and other aspects like investment performance, customer reviews, and personal financial goals should also be taken into account.
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AustralianSuper's awards
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It is ranked as one of the top 20 largest pension funds globally. The company uses an active investment strategy to deliver better returns for its members. AustralianSuper has highly skilled investment teams in Australia, London, New York, and Beijing, who continually research and monitor local and global investment markets, economies, business and consumer trends, and company performance.
AustralianSuper has won several awards over the years. It received the Canstar Outstanding Value Award – Superannuation consecutively from 2011 to 2025, and the Outstanding Value Award – Account-Based Pension from 2018 to 2024. AustralianSuper was also recognised as the Most Trusted Brand in Superannuation by Roy Morgan in 2022 and 2023, and in Superannuation/Wealth Management in 2024. Additionally, it was named the Readers Digest Most Trusted Brands – Superannuation category winner for 13 consecutive years, from 2013 to 2025.
AustralianSuper has been recognised as an award-winning super fund by various sources. It was named the best-performing super fund over the last 20 years, reflecting its strong long-term investment performance. The company was also recognised by the Thinking Ahead Institute as one of the Global Top 300 pension funds in September 2024.
While AustralianSuper has received numerous awards, it is important to consider other factors when choosing a super fund. Awards and ratings are only one aspect to consider, and it is recommended to look at a combination of factors, including investment performance, fees, education and advice services, innovative investment options, insurance, and customer support.
AustralianSuper has committed to achieving net-zero absolute carbon emissions in its investment portfolios by 2050, in alignment with the Paris Agreement. The company provides personal financial product advice through a third party and offers various insurance options to its members.
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AustralianSuper's trustworthiness
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It has been ranked as one of the top 20 largest pension funds globally. The company uses an active investment strategy to deliver better returns for members, with highly skilled investment teams in Australia, London, New York, and Beijing. They continually research and monitor local and global investment markets, economies, business and consumer trends, and company performance.
AustralianSuper has received numerous awards and recognitions for its performance and trustworthiness. It has been recognised as the best-performing super fund over the last 20 years and has received the Canstar Outstanding Value Award – Superannuation for five consecutive years, from 2011 to 2025. Additionally, it has been awarded the Outstanding Value Award – Account-Based Pension for three consecutive years, from 2018 to 2024. AustralianSuper has also been recognised as the Most Trusted Brand in Superannuation/Wealth Management by Roy Morgan in 2024 and the Most Trusted Brand in Superannuation by Roy Morgan Risk Monitor in 2022 and 2023.
AustralianSuper has a strong focus on delivering strong long-term investment performance for its members. They emphasise that investment returns are not guaranteed, and past performance is not a reliable indicator of future returns. The company provides transparency by allowing individuals to compare its performance against other super funds using independent tools.
While AustralianSuper has received numerous accolades, it is important to consider other factors when choosing a super fund. Some individuals have expressed preferences for low-fee index funds, which AustralianSuper does not offer. Additionally, individuals in certain industries or with specific ethical considerations may opt for alternative super funds that align with their values or provide more favourable fee structures.
Overall, AustralianSuper's trustworthiness is supported by its strong performance, numerous awards, and recognition from reputable sources. However, individuals should carefully consider their own circumstances, preferences, and investment goals when making decisions regarding super funds.
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AustralianSuper's sustainability
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It has been ranked as one of the top 20 largest pension funds globally and has been recognised as the best-performing super fund over the last 20 years.
In terms of sustainability, AustralianSuper has made a commitment to achieving net-zero carbon emissions by 2050 in its investment portfolio, aligning with the goals of the Paris Agreement on climate change. The fund is a founding member of Climate Action 100+, an initiative seeking emissions reductions from the world's largest carbon emitters. AustralianSuper actively considers environmental, social, and governance (ESG) issues, aiming to create better long-term financial outcomes for members. They have an ESG and Stewardship program that guides their investment decisions and advocates for effective management of ESG issues during ownership.
The fund received the Canstar Outstanding Value Award – Superannuation consecutively from 2011 to 2025, and the Outstanding Value Award – Account-Based Pension from 2018 to 2024. AustralianSuper was also recognised as the Most Trusted Brand in Superannuation/Wealth Management by Roy Morgan in 2024.
While AustralianSuper has been recognised for its performance and sustainability efforts, some individuals have expressed preferences for other super funds. Some members have switched to alternative funds, such as UniSuper, to avoid extra fees, while others seek lower-fee index funds or ethical/renewable energy investment options. However, AustralianSuper's commitment to sustainability and strong long-term investment performance makes it a competitive choice in the market.
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Frequently asked questions
AustralianSuper is Australia's largest super fund, managing over $365 billion with over 3.5 million members. It is ranked as one of the top 20 largest pension funds globally.
AustralianSuper has low fees compared to other funds. For example, the admin fee for REST balanced is capped at $378 p.a., while HostPlus fees won't reach $378 p.a. until a balance of $1.5 million.
AustralianSuper offers a Balanced investment option, which is compared to the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index and SRP50 Balanced (60-76) Index to 31 March 2025. They also offer a Choice Income Account, which has been shown to grow a balance of $300,000 to $387,800 over 10 years.
AustralianSuper has been recognised as the best-performing super fund over the last 20 years. They have received numerous awards, including the Canstar Outstanding Value Award – Superannuation in 2011-2025 and the Roy Morgan Most Trusted Brand in Superannuation for 2022-2023. However, it's important to consider your personal circumstances and preferences when choosing a super fund.
Some alternatives to AustralianSuper include UniSuper, HostPlus, and REST. These funds have been recognised in the SuperRatings Top 10 Super Funds and have lower fees, which may be attractive to some investors.
