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Fund news

Strong 2020 results

Despite the difficult market conditions, Vision Super has delivered strong results. Our pension option was the number one performing option in the country, and our default Balanced growth option (where most of our members are invested) had a modest positive return of 1.96% for the year ending 30 June 2020.

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You may have seen media reports that superannuation returns were negative for the year – I’m pleased to be able to report that this isn’t the case for Vision Super, and that our default Balanced growth option had a modest positive return of 1.96% (and 2.22% in our pension plans) for the year ending 30 June 2020.

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It seems like most of the world has been turned upside-down this year. The COVID pandemic has hit hard and made it incredibly difficult to continue operating as normal, but through the noise, Australians have made positive changes and learnt to slow down. There’s greater support for our small local businesses, we make taking care of the most vulnerable an urgent priority, and we’ve started to check in on our loved ones more than ever before.

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Ever wonder how your family would cope if the unthinkable was to happen? How would you keep your independence, or protect your family if you weren’t able to work?

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When it comes to superannuation, age 65 is pretty important, because it means you have access to all of your super funds. Though it’s much easier to access your super, it means adding money into your retirement could become a bit more difficult.

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After years of working hard you might be thinking about finally leaving work and fulfilling your retirement goals. But we understand that also raises the question – what do you do with your retirement savings? A lot of people think that you need to take all of your super out at once, as soon as you turn 65 and exit your super fund. But this is simply not true.

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What you save though superannuation is put aside to help fund your retirement, however for some, it might not be enough. The Age Pension aims to bridge the gap between what you have and what you need and is a “safety net” for those who may not have enough super.

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    03 August 2020