Vision Super was today 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%[1].
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,” Stephen 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.
“We also have a focus on strong risk-adjusted returns, and the results are exceptional – as at 31 October, Vision Personal – Sustainable balanced has top quartile returns of 12.66% over one year, and above median returns of 9.36% over three years.
“Membership of Vision Personal has been growing strongly as a result – 157.5% membership growth and 48.9% asset growth over the three years to 30 June.
“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.”
