Future Super Fund Features and Benefits

Future Super's unique approach to superannuation is designed to make saving for retirement easier and more accessible. They offer a range of features and benefits that set them apart from other super funds.

One of the key benefits of Future Super is their low fees. With fees as low as 0.25% per year, you can keep more of your hard-earned money in your super account. This is a significant advantage over some other super funds, which can charge fees of 1% or more.

Future Super also offers a range of investment options, including a social impact fund that invests in companies that align with their values. This is a great option for those who want to use their super to make a positive impact on the world.

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Future Super offers three different investment options to choose from: Balanced Index, Balanced Impact, and Renewables Plus Growth.

These options have varying levels of investment in sustainable assets, such as renewable energy. Balanced Index doesn't actively seek out impact investments in renewable energy, while Balanced Impact and Renewables Plus Growth do.

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Balanced Index has a high risk level and invests in a mix of assets, but the specific asset allocation isn't listed. Balanced Impact also has a high risk level and invests in a mix of assets, including renewable energy and inclusive finance solutions. Renewables Plus Growth has a high risk level and has the highest level of investment in sustainable investments, with at least 20% asset allocation in renewable energy.

Here are the three investment options in a table for easy comparison:

Each investment option has a flat fee and a percentage-based fee, which can be calculated based on a $50,000 investment. For example, the flat fee for all three options is $60, and the percentage-based fee ranges from 0.8% to 1.4%.

Future Super's performance varies depending on the investment option and time frame. Over 1 year, their Balanced Impact and Renewables Plus Growth options outperformed the median of their risk categories.

However, over 3 and 5 years, these options underperformed. It's essential to consider the long-term performance when choosing an investment option.

For those who want to dig deeper, Future Super's performance can be compared to Australian Super and other funds on their website.

Fees for Future Super's main investment options are above the median of other options in the same risk category. This means that investors may pay more in fees compared to similar investment options.

Here's a breakdown of the fees for two of Future Super's investment options:

These fees are based on a balance of $50,000, and the percentage-based fees are applied to the balance.

Future Super's Balanced Impact and Renewables Plus Growth outperformed over 1 year but underperformed over 3 and 5 years against the median of their risk categories.

The performance of Future Super's investment options can vary depending on the time frame, with some options outperforming over short periods but underperforming over longer ones.

Future Super offers a range of investment options, including Balanced Impact and Renewables Plus Growth, which are available for selection.

These investment options can be compared to the median performance of their risk categories to get a better understanding of their performance.

Future Super's Balanced Impact option outperformed over 1 year, but it's essential to consider the performance over longer periods as well, such as 3 and 5 years.

It's worth noting that different investment options may perform better in different time frames, so it's crucial to evaluate the performance over various periods.

For a more in-depth analysis of Future Super's performance, you can check out our dedicated section on Future Super Performance.

Comparing Future Super to Australia's biggest super fund, Australian Super, can also provide valuable insights into their performance and fees.

Fees can add up quickly, and it's essential to understand what you're paying for your superannuation. The fees for Future Super's investment options are above the median of other options of the same risk category.

Let's take a closer look at the fees for Future Super's main investment options. According to Review My Super, these fees are higher than average.

Here's a breakdown of the fees for two of Future Super's investment options:

As you can see, the flat fee for both options is $60, but the percentage based fee and total fee on a balance of $50,000 vary significantly. The Balanced Impact option has a higher percentage based fee and total fee compared to the High Growth option.

Future Super's investment options have had mixed performance against the median of their relevant risk categories.

Fees are above the median of other options of the same risk profile on Review My Super.

It's worth noting that past performance isn't a reliable indicator of future performance.

According to Review My Super, Future Super has an average rating of 2.8 out of 5 stars from 16 customer reviews.

It's best to seek advice from a qualified adviser to determine the best super fund for your personal requirements.

Past performance isn't a reliable indicator of future performance.

It's essential to look beyond historical returns when assessing a super fund's quality.

Fees can be a significant factor in determining a super fund's value.

Future Super's fees are above the median of other options with the same risk profile.

Mixed performance against the median of their relevant risk categories is a red flag.

Future Super's main investment options have had varying results.

It's best to seek advice from a qualified adviser to determine which super fund is right for you.

They can help you weigh the pros and cons and make an informed decision.

Reviews play a crucial role in helping you make informed decisions about your superannuation. Future Super has a rating of 2.8 out of 5 stars based on 16 customer reviews on Review My Super.

Checking out customer reviews can give you valuable insights into a super fund's strengths and weaknesses. A rating of 2.8 out of 5 stars suggests that some customers have had positive experiences with Future Super, while others have been less satisfied.

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Future Super is a super fund that's committed to making a positive impact on the environment. It doesn't invest in fossil fuel companies, excluding coal, oil, and gas manufacturers.

The fund offers three different investment options to choose from, based on your risk level and the level of exposure to renewable energy you want. Each option has a high risk level, but they vary in their asset allocation.

The Balanced Index option doesn't invest in fossil fuels, but it doesn't actively seek out impact investments in renewable energy. This option is for those who want to avoid fossil fuels but don't want to prioritize sustainable investments.

The Balanced Impact option, on the other hand, actively seeks out some investments in renewable energies, solar power, and inclusive finance solutions, in addition to excluding fossil fuels. This option is for those who want to make a positive impact while still taking on a high level of risk.

The Renewables Plus Growth option has the highest level of investment in sustainable investments, predominantly in solar power, and doesn't invest in fossil fuels. This option has a target of at least 20% asset allocation in renewable energy, making it ideal for those who want to prioritize sustainability.

You can consolidate your existing super into Future Super online when you join the fund, making it easy to switch to a more sustainable option. The fund is certified by the Responsible Investment Association of Australasia (RIAA) for its ethical investments, giving you peace of mind.

Here are the three investment options in a table:

The Future Super app allows you to conveniently view your balance, transactions, and the impact your super is having, making it easy to stay on top of your investments.

Future Super Fund provides a range of insurance options to help protect you and your loved ones.

You can access life insurance, which pays out in the event of your death or a terminal illness diagnosis. This can provide financial security for your family.

Death cover is a type of life insurance that pays out to your beneficiaries if you pass away. This can help cover funeral expenses and ongoing living costs.

Total and permanent disablement (TPD) cover is also available, which can provide a lump sum payment if you become disabled and unable to work.

Income protection cover can help replace your income if you're injured and unable to work.

The cost of insurance varies depending on the level of cover, your age, and the type of work you do.

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Future Super is a not-for-profit super fund that allows you to invest in a range of assets, including Australian shares, international shares, and property.

Their fees are competitive, with a management fee of 0.24% per annum, which is lower than many other super funds.

They also offer a range of investment options, including a Balanced option that has historically returned around 7% per annum.

To join Future Super, you can head to its website and click the "Join now" button. This will take you to an application form where you'll need to provide some essential information.

You'll need to share your personal details, including your full name, residential address, and contact information. This is a standard requirement for any super fund.

You'll also need to provide your employer's details, including the business name and ABN number. This helps Future Super verify your employment status.

Make sure you have your tax file number handy, as you'll need to provide this to complete the application.

You'll have three investment options to choose from, so take some time to consider which one suits you best.

If you're consolidating your super into your new Future Super account, be prepared to provide details about your current super fund. This will help Future Super transfer your existing funds into your new account.

Future Super contacted research company CAER to get an ESG analysis of their portfolio. CAER then introduced them to South Pole Group.

South Pole Group explained that the process would involve analyzing the carbon footprint of the portfolio and purchasing carbon credits to offset the emissions associated with companies in their portfolio.