Financial markets continue to perform well

Most global share markets continued to perform well over the quarter to 30 September 2021, and many remain close to record highs. As vaccination rates rise and economies around the world re-open, there are signs that inflation will begin to return, and the expectation that interest rates will begin to rise helped push bond yields higher.

Energy prices rose due to shortages of natural gas, coal and electricity in Europe, China and the UK in the lead up to winter and the ongoing shift to cleaner power. What remains to be seen is how central banks around the world react to the possibility of rising inflation.

Strong long-term returns

Returns to members from our Accumulation diversified options over the 3, 5 & 10-year periods to 30 September 2021 continue to be strong, including for Aware Super MySuper Lifecycle, where most of our members are invested.

MySuper Lifecycle High Growth, which is now the investment option for members aged 55 and under, returned 10.7% p.a., 11.6% p.a. and 11.7% p.a. over 3, 5 & 10 years respectively, making it the top-performing option over these periods to 30 September 2021.^1

Other options used in our MySuper Lifecycle are also top 10 performers relative to peers over 3, 5 and 10 years.^2 The Growth option returned 8.9% p.a., 9.6% p.a. and 9.8% p.a. over 3, 5 & 10 years respectively, and the Balanced Growth option returned 6.7 % p.a., 7.4% p.a. and 7.9% p.a. over 3, 5 & 10 years respectively.

  1. SuperRatings Fund Crediting Rate Survey 30 September 2021 (Default Options Index - approximately 220 options). Aware Super MySuper Lifecycle High Growth ranked number 1 for 3, 5 and 10 year periods. Past performance is not a reliable indicator of future performance.

  2. SuperRatings Fund Crediting Rate Survey 30 September 2021 (SR50 Balanced (60-76) Index - approximately 50 Funds and SR25 Conservative Balanced (41-59) Index (Balanced Growth) - approximately 25 Funds)). Aware Super Growth and Balanced Growth investment options ranked in the top 10 for 3, 5, and 10 year periods. Past performance is not a reliable indicator of future performance.

MySuper Lifecycle

What you need from your super changes over time, in line with your age and stage of life, and our changes aim to boost the growth of your super when you’re young and manage risk more conservatively as you get older and move towards retirement.

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Lifecycle. Designed to help you retire with more

Starting in June 2021, we began to increase the level of tailoring that’s automatically built into our default MySuper Lifecycle. Unlike most superannuation funds, at Aware Super you will not be invested in a single investment option throughout your working life. Your investments will change over time to ensure they are well-suited to your age and stage.

The transition to Lifecycle is now complete. This means that our members aged 55 and under will be invested in the ‘Grow’ phase, which invests in the High-Growth option. From age 56, members will be gradually shifted from investment options with a higher proportion of growth assets to a more balanced mix of growth and defensive assets.

The good news is that you don’t have to do anything, we manage the changes for you, all in the aim to help you retire with more.

Our retirement strategies are working hard for you

The Retirement Income Stream Balanced Growth option returned 7.2%, 8.0% p.a. and 8.7% p.a. over 3, 5 & 10 years respectively, placing the option as a top 10 performer over these periods.^3

And for members in the Retirement Income Stream Growth option, returns were also in the top 10 compared to peers over 5 and 10 years, returning 10.3% p.a. and 10.7% p.a. over 5 & 10 years respectively to 30 September 2021.^4

3. SuperRatings Pension Fund Crediting Rate Survey September 2021, SRP25 Conservative Balanced (41-59) Index.

4. SuperRatings Pension Fund Crediting Rate Survey September 2021, SRP50 Balanced (60-76) Index.