Who we are
PROFIT FOR MEMBERS
We are proud to be a leading profit-to-member super fund. We don’t have shareholders who expect an investment return. This enables us to focus solely on members’ interests.
HIGH PERFORMING
We have decades of expertise in smart, proactive investing. We’re one of Australia’s best performing super funds, with our Balanced option delivering the number one return over 20 years.*
FOR THE PROFESSIONALLY MINDED
We’re the largest and most diverse industry fund for aspirational people across multiple occupations and sectors. Our members and employers value our focus on high performance, simplicity, quality and the personal connections that our size enables us to offer them. But we know these attributes appeal to people from all walks of life, so we welcome anyone looking for a fund that embraces these qualities and a ‘profit-to-member’ ethos to join CareSuper.
A 30+ YEAR HERITAGE
We’ve been helping our members achieve their post-work financial goals for more than 30 years. Established in 1986 to manage superannuation for office-based employees, today CareSuper continues to evolve and diversify, but our purpose and focus on our members remains as it always was.
SUPPORTING MEMBERS' CHOICES
We’re driven by a clear and genuine purpose: to help our members achieve their financial goals by protecting and enhancing their future lifestyles. Our members span generations, with different careers, life journeys and plans. We respect individuality by focusing on choice and giving members access to advice and education opportunities to help them make informed decisions that align to the future lifestyle they aspire to achieve.
OUR VALUES
SPIRIT is the backbone of CareSuper – it defines the values we believe in and informs how we work together to improve the future lives of our members.
SPIRIT stands for service, professionalism, integrity, relationships, innovation and teamwork.
OVERVIEW OF AN INDUSTRY SUPER FUND
THE TRADEMARKS OF INDUSTRY SUPER
As an Industry SuperFund, these are the things we live and breathe:
- We are run only to benefit our members. We don’t pay dividends to shareholders, and aside from the costs of managing the Fund, profits are shared with members through net investment returns
- We have a history of keeping fees and costs competitive to provide value. But not at the expense of the return on your super balance
- Our financial planners work in your best interests and are paid a salary, they don’t receive commissions
- Our investment philosophy and insurance design reflect the needs of our members in professional, managerial, administrative and service roles across all industries
- We have an equal number of employer and member representatives on our Board.
Our awards and ratings
While we were busy working hard for members, we won these awards.
Net benefit for members
As a profit-to-member fund, we only charge fees to cover the costs of running CareSuper.
While we work hard to keep our costs low, we’re driven by providing quality services, relevant choices and investing actively to deliver strong results – not by being the cheapest – because we know when it comes to our members’ super, it’s the overall benefit that counts.
The result? Over 15 years to 30 June 2020, our Balanced option returned over $56,000 more than the average of all surveyed retail funds and outperformed the average of all surveyed industry funds by over $16,000.
Past performance is not a reliable indicator of future performance. Comparisons modelled by SuperRatings as at 30 June 2020, commissioned by CareSuper. Assumes a starting balance of $50,000 and initial salary of $50,000 and considers historical earnings and fees – excluding contributions, entry, exit and adviser fees. Compares the average difference in net benefit performance of CareSuper’s Balanced option and the balanced options of funds tracked by SuperRatings including funds with a 15-year performance history. Outcomes vary between funds. See caresuper.com.au/assumptions for more details about modelling calculations and assumptions. This information is general advice only. You should consider your investment objectives, financial situation and needs and read the product disclosure statement before making an investment decision.
Service providers
It’s important to partner with the best possible providers to help us excel at what we do and fit with our members’ needs.
Before appointing (and when reviewing) service providers, we apply rigorous due diligence processes and ask them annually to attest to their relevant credentials and demonstrate that they meet their compliance requirements.
All material service providers, as well as our Insurer, Metlife, have been requested to provide annual attestations.
Here’s a list of our significant service providers.
*Indicates a material outsourced provider
See a full list of our Investment managers here.