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.
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:
- 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.
- 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.) See how this pays off.
- 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’. But while Industry SuperFunds is behind these campaigns, it’s not actually a super fund itself. It’s the collective voice of 16 industry super funds, including CareSuper.
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.
To learn more about CareSuper visit our website.
This information is general advice only and does not take into account your particular financial needs, circumstances or objectives. You should consider your own investment objectives, financial situation and needs and read the appropriate Product Disclosure Statement and Target Market Determination before making an investment decision. You may also wish to consult a licensed financial adviser.
CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725.