Member Outcomes Assessment

28/01/2022

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 2021, based primarily on considerations of the net performance of the Growth MySuper, Choice and Pension products and according to the YFYS explanatory memorandum. 

AvSuper acknowledges that financial interests have not been promoted over a seven-year period (consistent with the YFYS underperformance assessment) for the Growth (MySuper) Option.  Going forward AvSuper has made significant changes in the investment strategy to address this.

Investment Options

Growth (MySuper) Option

Growth (MySuper) Option

Investment Performance The AvSuper Growth MySuper Option outperformed its investment objectives and performed in line with average MySuper median returns as compared to the market for the 10-year period and has outperformed its 10-year objective target. The product was ranked below the Rainmaker average MySuper median funds over 7 years and underperformed the Performance Assessment for that period.
Fees and Costs AvSuper’s Growth MySuper Option fees and costs are above the industry median costs but are consistent with members requirements (as demonstrated in our fees assessment) and investment strategy including our active investment manager approach and the basis for setting fees is appropriate for members.
Insurance AvSuper protects its members with insurance offerings that are specifically tailored to the unique aviation industry.  Insurance premiums do not unnecessarily erode members super balances and are protecting members that cannot be insured elsewhere.  (Refer to insurance assessment)
Options benefits and facilities AvSuper has 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 2021.  *Note reassessment has required contingency plans to be 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 Growth (MySuper) Choice option click here.​

Choice Options

Choice Options

Investment Performance The AvSuper choice Options have outperformed their investment objectives
and produced competitive returns as compared to the market. Some have
ranked below median funds and other have outperformed.
Fees and Costs Our fees and costs are above the industry median but are consistent with
members requirements (as demonstrated in our fees assessment) and
investment strategy including our active investment manager approach and
the basis for setting fees is appropriate for members.
Insurance AvSuper protects its members with industry leading insurance offerings that
are specifically tailored to the unique aviation industry. Insurance premiums
do not unnecessarily erode members super balances. Protecting members
that cannot be insured elsewhere. (refer to insurance assessment)
Options benefits and facilities  We have been awarded for our excellence in personalised member services
to help support members in every stage of their retirement.
Operating costs  We have been awarded for our excellence in personalised member services
to help support members in every stage of their retirement.
Scale AvSuper’s scale did not disadvantage members as of 30 June 2021. *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 of the Choice options click here  

Pensions Products Option

Pensions Products

Investment Performance The AvSuper Pension Options have outperformed their investment
objectives and produced competitive returns as compared to the market.
Some have ranked below median funds and others have outperformed.
Fees and Costs Our fees and costs are above the industry median but are consistent with
members requirements (as demonstrated in our fees assessment) and
investment strategy including our active investment manager approach and
the basis for setting fees is appropriate for members
Options benefits and facilities We have 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 2021. *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

Phone 1300 128 751 (Local call)
Email:
avsinfo@avsuper.com.au