Member Outcomes Assessment

All super funds are now required to assess our performance against set measures each year. We use that assessment to show how we’re looking after the financial interests of our members.

The Trustee has made the following determinations for the year ending 30 June 2022, based primarily on considerations of the net performance of the Growth MySuper, Choice and Pension products and according to the YFYS explanatory memorandum.

AvSuper has determined that all products promoted the financial interests of members during the financial year ended 30 June 2022.

Investment Options

Growth (MySuper) Option

Investment Performance The AvSuper Growth MySuper Option outperformed its 10-year investment objective and performed in line with Rainmaker MySuper median fund returns for the 10-year period. The product was ranked in line with the Rainmaker MySuper median funds return over 7 years and was classified as performing over the Annual Performance Assessment period of 8 years.
Fees and Costs AvSuper’s Growth MySuper Option fees and costs are above the industry median but are consistent with members requirements and its investment strategy including its active investment manager approach. The basis for setting fees is appropriate for members.
Insurance AvSuper’s insurance offering is tailored to the aviation industry and provides cover for occupations that can be excluded from many multi industry funds’ insurance offer. Insurance premiums do not unnecessarily erode members super balances (Refer to insurance assessment)
Options benefits and facilities AvSuper has historically been awarded for our excellence in personalised member services to help support members in every stage of their retirement. (Refer to benefits assessment)
Operating costs AvSuper is delivering equitable operating cost outcomes for members based on our current scale and services delivered for members.  (Refer to operating costs assessment)
Scale AvSuper’s scale did not disadvantage members as of 30 June 2022. *AvSuper adopted a strategy in Oct 2021 to pursue a merger with another fund. A memorandum of understanding for a potential merger with CSC was executed in May 2022 however cancelled in February 2023. A new MoU has been executed on 14 February 2023 with Australian Retirement Trust. (Refer to Scale assessment)

Legend

Market leading exceeds industry peers and relevant benchmarks
Exceeds the majority of industry peers and relevant benchmarks
Meets or exceeds the majority of industry peers and relevant benchmarks
Meets most, but may underperform some industry peers and relevant benchmarks
Meets some but underperforms the majority of industry peers and relevant benchmarks
Lags industry peers and benchmarks

For the full member outcomes assessment for the Growth (MySuper) Choice option click here.

Choice Options

Investment Performance The AvSuper Choice Options have outperformed their investment objectives over the longer term and produced competitive returns as compared to the market. Some have ranked below benchmark median fund returns and other have outperformed.
Fees and Costs AvSuper’s fees and costs are above the industry median but are consistent with members requirements and its investment strategy including its active investment manager approach. The basis for setting fees is appropriate for members.
Insurance AvSuper’s insurance offering is tailored to the aviation industry and provides cover for occupations that can be excluded from many multi industry funds’ insurance offer. Insurance premiums do not unnecessarily erode members super balances. (refer to insurance assessment).
Options benefits and facilities  AvSuper has historically been awarded for our excellence in personalised member services to help support members in every stage of their retirement.
Operating costs AvSuper is delivering equitable operating cost outcomes for members based on our current scale and services delivered for members. (Refer to operating costs assessment).
Scale AvSuper’s scale did not disadvantage members as of 30 June 2022. *AvSuper adopted a strategy in Oct 2021 to pursue a merger with another fund. A memorandum of understanding for a potential merger with CSC was executed in May 2022 however cancelled in February 2023. A new MoU has been executed on 14 February 2023 with Australian Retirement Trust. (refer to scale assessment).

Legend

Market leading exceeds industry peers and relevant benchmarks
Exceeds the majority of industry peers and relevant benchmarks
Meets or exceeds the majority of industry peers and relevant benchmarks
Meets most, but may underperform some industry peers and relevant benchmarks
Meets some but underperforms the majority of industry peers and relevant benchmarks
Lags industry peers and benchmarks

For the full member outcomes assessment of the Choice options click here

Pensions Products

Investment Performance The AvSuper Pension Options have outperformed their investment objectives over the longer term and produced competitive returns as compared to the market. Some have ranked below benchmark median fund returns and others have outperformed.
Fees and Costs AvSuper’s fees and costs are above the industry median but are consistent with members requirements and its investment strategy including its active investment manager approach. The basis for setting fees is appropriate for members.
Options benefits and facilities AvSuper has been historically awarded for our excellence in personalised member services to help support members in every stage of their retirement.
Operating costs AvSuper’s scale did not disadvantage members as of 30 June 2022. *AvSuper adopted a strategy in Oct 2021 to pursue a merger with another fund. A memorandum of understanding for a potential merger with CSC was executed in May 2022 however cancelled in February 2023. A new MoU has been executed on 14 February 2023 with Australian Retirement Trust. (refer to scale assessment)
Scale AvSuper’s scale did not disadvantage members as of 30 June 2022. *Note reassessment has required contingency plans to be put in put in place after 30 June 2021. (refer to scale assessment)

Legend

Market leading exceeds industry peers and relevant benchmarks
Exceeds the majority of industry peers and relevant benchmarks
Meets or exceeds the majority of industry peers and relevant benchmarks
Meets most, but may underperform some industry peers and relevant benchmarks
Meets some but underperforms the majority of industry peers and relevant benchmarks
Lags industry peers and benchmarks

For the full member outcomes assessment for the Pensions Products option click here