Which is the best performing industry super fund in Australia?
Which is the best performing industry super fund in Australia?
AustralianSuper
AustralianSuper is our top pick for industry super funds. It’s Australia’s largest industry super fund, with more than 2.2 million members. Its default investment option, AustralianSuper Balanced, is consistently one of the top performing growth super funds year after year.
What is an industry super fund Australia?
Industry super funds are ‘profit to member’ organisations. This means profits are returned to members, not shareholders. They were originally started by trade unions and employer associations, as a joint enterprise to make sure Australians had money set aside for retirement.
Is AustralianSuper fund an industry fund?
An industry superannuation fund is an Australian superannuation fund originally established to provide for the retirement of workers from a specific industry, but no longer industry-specific. They are not-for-profit, mutual funds which are membership-based and do not have shareholders.
What are the largest super funds in Australia?
Which are the largest super funds?
| Rank | Fund name | Total assets ($ billion) |
|---|---|---|
| 1 | AustralianSuper | 172.4 |
| 2 | QSuper | 115.3 |
| 3 | First State Superannuation Scheme | 103.1 |
| 4 | Public Sector Superannuation Scheme | 83.3 |
Who is the largest super fund in Australia?
Which are the largest super funds?
| Rank | Fund name | Total assets ($ billion) |
|---|---|---|
| 1 | AustralianSuper | 172.4 |
| 2 | QSuper | 115.3 |
| 3 | First State Superannuation Scheme | 103.1 |
| 4 | Public Sector Superannuation Scheme | 83.3 |
What is the cheapest super fund in Australia?
10 cheapest pension funds (balanced investment option)
| Rank | Fund name | Fees |
|---|---|---|
| 1 | REST | $378 |
| 2 | Hostplus | $384 |
| 3 | Media Super | $540 |
| 4 | NGS Super | $540 |
What is an industry super fund in Australia?
Industry superannuation fund. In Australia, an industry superannuation fund is a superannuation fund originally established to provide for the retirement of workers from a specific industry. Industry super funds are not-for-profit super funds. They are mutual funds, are membership-based and do not have shareholders.
Who are the trustees of Industry Super Australia?
Retail funds distribute profits to shareholders or investors (the trustees of the fund), while industry funds return profits to members. Industry Super Australia ( ISA) is “a research and advocacy body for Industry SuperFunds “, the peak body of the industry.
When did industry super Australia come into effect?
Industry Super Australia (ISA) is “a research and advocacy body for Industry SuperFunds “, the peak body of the industry. From 1 July 2005, choice of fund rules came into effect, giving most Australian employees the option to choose the fund into which their employers paid their superannuation contributions.
Why are industry super funds profit to shareholders?
Industry super funds are ‘profit to member’ organisations. This means that profits are returned to members, not shareholders. They were originally started by trade unions and employer associations, as a joint enterprise to ensure Australians had money set aside for retirement.
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