The Banking Royal Commission exposed some shocking truths about how some superannuation funds operate. From excessive fees to poor governance practices, you might be wondering who you can trust to help you plan for your future.

We’re proud of being a values-driven organisation that charges reasonable fees, provides excellent member service and are as transparent as we can be. We don’t have shareholders or pay dividends; profits are either returned to members or used on your behalf, like upgrading our systems to make it easier to help you manage your retirement savings.

While MySuper legislation has made it easier to compare some aspects of different funds, there are aspects that can’t necessarily be quantified so easily.

Not sure if you’re getting a good deal? Here are some things to consider when thinking about your super.

Consolidate your super

40% of Australians have 2 or more superannuation accounts. If you’re part of this cohort, that means you are paying multiple sets of investment fees, administration fees and insurance premiums – some of which you may not actually be eligible to claim. All of this puts a strain on your balance and cuts into your savings.

There are a few things you should consider before deciding where to consolidate, including the cover of insurance that you would like, the fees of your chosen fund and looking at the investment options to ensure they meet your needs.

We make consolidating easy; get started at

Have questions about the process? Our over-the-phone advisers can walk you through the process at no additional cost to you.

Find the fund that’s right for you

You shouldn’t have to worry about your superannuation fund taking advantage of you. Finding a fund that is aligned to your values and helps you build your retirement savings are an essential part of planning for your future.

Historically, industry funds like ours have outperformed retail funds. In a review of the top-performing balanced options by SuperRatings, 17 of the top 20 were industry funds (our Growth option was the 18th best with 10.09% return during the most recent financial year).

Prior performance is not a guarantee of future returns, however we are proud of our track record of success, with our default option returning an average of 9.11% since its inception in 1981.

We work toward providing strong returns while conservatively structuring our investments to protect our members’ savings against large swings in the market.

What you should look for in a fee

During the Banking Royal Commission there was a lot of discussion around for-profit funds that charged excessive fees, lacked transparency or charged fees without providing service.

In addition to the total amount you pay in fees, you should consider what those fees cover. The level of insurance cover you receive, the diversity of assets in your investment options and the type of service you receive – either through general or personalised financial advice – are all covered by the fees you pay.