Vision Super achieves $10 billion milestone

INDUSTRY super fund, Vision Super, announced today they have hit $10 billion in funds under management.

Vision Super CEO Stephen Rowe said that while it was nice to achieve milestones, the number wasn’t really the focus.

“We’ve doubled our funds under management, from $5 billion to $10 billion in just five years, through organic growth and strong returns,” Mr Rowe said. “We’ve achieved this at the same time as paying out $1.25 billion worth of lifetime pensions and defined benefit lump sums to our retiring members.

“Hitting $10 billion is testament to the hard work and principled approach of our Investment team and our growth team, but it’s really just another number – what we’re focused on is returns for Vision Super’s members.

“Our default Balanced growth option has top quartile returns over the medium-term and has beaten the median over one, three, five and seven years – those are the really important numbers that mean more money in members’ accounts when they retire.

“Our members trust us to with the incredibly important role of looking after their retirement savings – and that trust is reflected in strong contributions and roll ins, which have contributed to us achieving $10 billion.

"We’re looking to grow significantly over the next few years - $10 billion is a nice milestone, but I’m hoping we hit some even bigger ones in the near future.”

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