MySuper Lifecycle: what’s in it for our employees?
2025 | 5min read
Take some time to get to know our most popular investment approach, so your colleagues can make informed choices about their super.
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If your employees choose Aware Super and don’t make an investment choice, their super will be invested in our MySuper Lifecycle approach. We believe it's one of the most innovative offerings we have at Aware Super. Plus, there’s also a range of insurance options available to them too.
While your employees can change their investment option at any time, over 80% of our super members are invested in our Lifecycle approach. Why? Because it’s a smart investment approach that can help your employees retire with more.
Here’s how it works
MySuper Lifecycle recognises that what you need from your super changes over time. So rather than investing your super in a single investment option, like most super funds do, our investment experts designed our Lifecycle approach to automatically tailor your investment mix to your age over time.
The aim is to grow your super savings as much as possible when you’re young and have time to ride out market ups and downs, and as you start to approach retirement, reduce the impact of large market falls on your balance.
Our Lifecycle approach has three phases:
- In the Grow phase (up to age 55) 100% of your super is invested in our High Growth option, with the aim of maximising returns.
- The Manage phase will gradually reduce the investment risk of your super in the ten years or so before you retire. It does this by gradually reducing your asset allocation from High Growth and shifting toward the Balanced Option. It does this by gradually transitioning your investments away from High Growth option into the Balanced and then the Conservative Balanced option.
- The Enjoy phase aims to conserve your super for when you’ve retired using a 100% allocation to our Conservative Balanced investment option.
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How it manages risk
Investment risk is the change that the return of an investment is different, either higher or lower, from what you expected. If an investment performs poorly, you could lose money.
Spreading your super across different types of investments or asset classes is called diversification. Diversification is important because all investments and asset classes don’t perform in the same way at the same time.
Holding a diversified portfolio of investment can help reduce the amount you could lose if one investment or asset class in your portfolio performs poorly.
This is because not all investments and asset classes perform in the same way at the same time, so spreading your super across different types of assets can help manage the investment risk.
Lifecycle uses a mix of three of our Core diversified investment options - High Growth, Balanced and Conservative Balanced. Each option contains a mix of asset classes, in line with its level of risk and designed to meet its investment objective.
Asset classes fall into two main groups:
Growth assets aim to increase the value of your investment over the long term and have typically produced higher returns than defensive assets. Growth assets can be riskier in the short-term when compared with defensive assets.
Defensive assets can grow more slowly, but can provide more stability than growth assets. Defensive typically generate consistent but lower returns over the long term.
Breaking it down
Our High Growth option has a target split of 88% growth assets and 12% defensive assets.
Our Balanced option has a target split of 75% growth assets and 25% defensive assets.
Our Conservative Balanced option has a target split of 59% growth assets and 41% defensive assets.
See how it works? We do all the work for you, as you age and get closer to retirement your super is automatically switched to the relevant investment mix - from higher levels or growth assets when you’re young to a more balanced mix of growth and defensive assets as you get older and approach retirement.
An award-winning[A3] approach
At Aware we manage a large, well-diversified portfolio of investments and our investment strategy is focused on delivering strong long-term returns for our members. Our default MySuper Lifecycle approach has been recognised by the market and awarded:
Money magazine’s Ultra Long-Term Performance 2024 award
Money magazine’s Best MySuper Lifecycle Product 2024 award.
How my insurance works in MySuper Lifecycle
If you join Aware Super under an application made by your employer, you are an employer sponsored member and will receive Basic Cover automatically, subject to the eligibility terms outlined in the Product Disclosure Statement. Basic Cover provides you with age-based Death and TPD cover.
Employer sponsored members who are NSW Ambulance Officers, sworn NSW Police Officers or Student Police Officers should refer to the relevant Product Disclosure Statement and associate.
How to join as an employee
Your employer may be able to create an account on your behalf. Check with your payroll team and request a choice of super form. Your employer will do the rest.[M3]
