Vision Super named cheapest super platform in Australia

VISION SUPER has been named the winner of the inaugural Money Magazine award for Cheapest Superannuation Platform.

Money Magazine described the fund as a “standout when it comes to price”. The average industry fund charges more than double Vision Personal’s total management fee of 0.49 percent.

Vision Super chief executive officer Stephen Rowe said the result was pleasing, but not surprising.

“Our focus at Vision Super is always on the best interests of our members – and that includes a focus on keeping our costs low so members get more in their accounts,” Mr Rowe said.

“We started the Vision Personal–Sustainable balanced option to give people who wanted to invest sustainably a better option, at a much lower cost than similar retail fund offerings. It’s low cost, and it’s low carbon.

“Australians are getting a lot more informed and savvy about where their super is invested – particularly since the Royal Commission.

“Gone are the days when funds could sell members high-cost products – the choice market is growing, and Vision Super is out there offering a product that’s been recognised as the lowest cost in the country," Mr Rowe said.

“We also have a focus on strong risk-adjusted returns, and the results are exceptional – as at October 31, Vision Personal–Sustainable balanced has top quartile returns of 12.66 percent over one year, and above median returns of 9.36 percent over three years.

“Membership of Vision Personal has been growing strongly as a result –157.5 percent membership growth and 48.9 percent asset growth over the three years to June 30.

“Our members have joined us because we offer outstanding value and a sustainable approach – and we’re delighted that Money Magazine has recognised Vision Super’s value through this Gold award.”

www.visionsuper.com.au

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