WA Super News
Welcome to the Autumn edition of SuperNews for 2019
What a busy quarter it has been
At WA Super, we have been working passionately to deliver for our members by continuously improving our range of services and products. For our efforts, we were recently recognised at the Conexus Financial Superannuation Awards as finalists for both the Best Small Fund and Chief Investment Officer of the year.
While we are incredibly proud to be recognised by these important industry awards we now want to hear from YOU – our members! We want to know what you enjoy about WA Super and what more we can do. I would appreciate you taking the time to give us your honest feedback, so please complete the survey here. It should take no longer than 10 minutes and after you’ve completed the survey, you will be in the running to win one of two $500 visa gift cards¹.
In the last quarter of 2018 we saw volatility in the investment markets before they rebounded at the start of 2019. They then entered another period of uncertainty during March. These can be worrying times for any investor so we wanted to reassure you that we are well placed to weather any uncertainty. Despite this recent market volatility, our default MySuper investment option remained positive, returning 5.05% over the last 12 months and 7.45% pa over the last 10 years*. If you haven’t already done so, please take 5 minutes to read “Reliable performance in uncertain times” which paints a picture of WA Super’s relative investment performance during the last volatile 12 months.
I would also encourage you to spend some time reviewing your current investment options to ensure you are in the most appropriate option for your age and risk appetite. The easiest way to do this is to login into your WA Super Online account and access our new easy to use self-guided SuperClick Advice tool.
The Royal Commission into banking, insurance and super industries has now been finalised. While we were not involved in any of the proceedings, we certainly agree that all funds need to be more focused on its members to ensure better retirement outcomes. If you are interested, we have provided a summary of the findings here.
Late last year we launched our ‘Boring is Super’ media campaign. We chose this theme because we understand that Super is boring, and this is probably one of the reasons why there is $17.5 billion in lost super out there. So to help us spread this ‘boring’ message and encourage people to pay a bit more attention to their super, we have now launched a brand new Facebook page. It is the most boring page on Facebook, so come visit us there and like our page.
I do hope you find some time before the end of the financial year to reconnect with your super, even if it is boring. And please don’t forget to give us your feedback. I look forward to seeing the results, which we will share in our next newsletter.
Chief Executive Officer
¹The full terms and conditions of the competition can be found here.
*Period ending 28 February 2019