Types of super fund

There are five main types of super funds – industry funds, retail funds, corporate funds, public sector funds and small super funds.

Small super funds are predominantly self-managed super funds (SMSFs) although a small percentage of small funds are known as small APRA funds.

You may also be able to open up a Retirement Savings Account (RSA), which is a superannuation account that’s similar to a savings account that banks and other financial organisations offer.

Set out below are all SuperGuide articles explaining Types of super fund.

Top 10 performing super funds for 2013/2014 year, and for past 10 years

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The latest investment returns are great news for Australian super fund members, and for Australian super funds! The investment performance results for the 2014 financial year (1 July 2013 to 30 June 2014) delivered another double-digit return, and the strong result means the fifth consecutive … [Read more...]

Investment performance: We’re the best super fund. No, we’re the best…

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Note: Every few months or so, we update this article with the latest performance data on superannuation funds (and pension funds) issued by SuperRatings, SelectingSuper, ChantWest and the Australian Prudential Regulation Authority (APRA). This article contains the latest data for investment … [Read more...]

MySuper: 118 super funds now available

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Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly if any additional MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article last updated on 8 July 2014. Since 1 July 2013, super … [Read more...]

APRA league tables: Top 25 performing super funds over 10 years, and 5 years

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Each year, the superannuation regulator releases the latest performance data on the largest 200 superannuation funds in Australia. In January 2014, the Australian Prudential Regulation Authority (APRA) published its fourth annual report into the investment performance of Australia’s super funds … [Read more...]

SMSF confidential: the inside story on DIY super funds

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Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2011-2012 statistical review of SMSFs (released in December 2013). This report also contains data for the 2012-2013 year. The annual report for the 2012-2013 year will be available in early … [Read more...]

SMSFs surge towards 520,000 controlling $520B in assets

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Note: We regularly update this article with the latest data on superannuation funds issued by the Australian Prudential Regulation Authority (APRA). This article contains the latest statistics available, as of January 2014 (for data as at September 2013). More than half a million self-managed … [Read more...]

Top 10 performing super funds for 2013 calendar year, and for past 10 years

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More good news for Australian fund members, and for Australian super funds! The investment performance results for the 2013 calendar year (1 January to 31 December 2013) are the best returns in 20 years, according to rating company Chant West. The median return for a growth investment option … [Read more...]

How much do your super fund trustees get paid?

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Note: This article includes the remuneration data for trustee boards and executives, and related party transactions, for major industry super funds (Cbus, Equip, HESTA, AustralianSuper,CareSuper and FIRST Super). Article last updated 12 December 2013. One of Australia’s largest super funds, Cbus, … [Read more...]

Quotas: More independent super trustees needed

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Australian superannuation funds need to appoint more independent directors to trustee boards of super funds, says the federal government in its latest discussion paper. Currently, most trustee directors on superannuation boards are not considered independent. On 28 November 2013, the Assistant … [Read more...]

Ouch! Large super fund trustees must improve, says regulator

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The Australian Prudential Regulation Authority has ‘let it rip’ so to speak regarding the level of skills and independence of trustees of APRA-regulated super funds. In a speech at an industry conference in November 2013, and in later speeches and interviews, Helen Rowell, a member of APRA, has put … [Read more...]