How does Aware Super compare?
As one of Australia's largest industry superannuation funds, we put our members first. We do this by keeping our fees low^ and investing to deliver strong long-term returns~. And unlike some retail funds which are owned by banks and insurance companies, we're owned by our members. Our profits go back into member benefits and other services to help you get the most out of your super.
There are 1 million‡‡ Australians who have their super invested in an underperforming fund. See how Aware Super compares with fees and performance.
Super BalanceSelect an estimated super balance
(Accumulation High Growth)
Industry Fund (Averaged)
Retail Fund (Averaged)
Information on industry fund and retail fund average returns is sourced via SuperRating’s Fund Crediting Rate Survey – SR25 High Growth (91-100) Index for 30 June 2021. Average returns information is based on a comparison of 13 industry funds and 12 retail funds. Returns are net of investment fees, tax and implicit asset-based administration fees.
Information on fees is sourced from Chant West’s Super Fund Fee Survey for June 2021 using data on the High Growth [81-100%] investment option index. Fees data is based on a comparison of 31 industry funds and 17 retail funds.
Outcome may vary between individual funds. Investment returns are not guaranteed. Past performance is not a reliable indicator of future performance.
Top tips for finding the best super fund
Finding the best super fund for you is a very individual choice as everyone has different needs. Here are some things to consider when you're comparing superannuation funds.
1. Strong long-term returns
Superannuation is a long-term investment, so it makes sense to compare performance over a longer term such as ten or 15 years.
Compare apples with apples by selecting the same period of time and investment option when comparing super funds.
2. Competitive fees
Although all super funds charge fees, how those fees are calculated and the type of fees that are charged can differ from fund to fund.
If a fund is performing strongly, you don't necessarily have to go for the lowest fees, but you should look to make sure the fees are competitive and not excessive compared to other funds.
3. Ethical investing approach
Think about what's important to you and how you want your superannuation invested.
Some questions to ask yourself:
- Does the fund invest in tobacco or thermal coal?
- Are its investments climate friendly?
- Is its approach to responsible investing independently validated?
4. Investment strategy
Find out how your super will be invested over the long term and make sure you agree with the approach.
Some funds will change the mix of investments you hold so they're matched to your stage in life so when you're younger the focus is on growing your investment and as you get older it's about managing risks.
Or they may use a diversified investment approach so you're not relying on only one type of investment which can be risky if things go south.
Whatever the investment strategy, in general, super funds that are looking to provide strong long-term returns with downside risk management in volatile markets will offer you the best long-term outcome.
5. Insurance options
Most super funds offer death cover, total and permanent disability cover, and income protection insurance. If insurance cover via your super fund is important to you, compare the insurance premiums and the amount of cover being offered.
Everyone's situation is different, and we haven't considered your financial situation. So, before making a decision about joining, you should read our PDS and consider your own personal circumstances to decide if this is the right thing for you.