Chairman's Update

Great news for members and employers. 

It has been nearly 18 months since our move to Mercer, a period that has aligned both with the Covid pandemic and the Federal Government’s legislative changes to the superannuation industry due to the Royal Commission.

Through all this we are delighted with the Fund’s performance for members. Returns for the 12 months ended 31 July 2021 were 22.8%, compared to 18.4% of the Industry Median and 21.1% that would have been achieved had our investments remained in our former home.

This has all been achieved without dumping the solid foundations of Anglican Super:

  • Pioneers of ethical investment from the 1960’s (decades before it became mainstream) and we continue to see your savings within our MySuper default option invested with strict controls and screening related to controversial investments and unethical industries 
  • Strict ethical guidelines that start by omitting the so-called ‘sin stocks’ then seek to invest where good can be done, all whilst earning a healthy return across 7 additional Sustainable Responsible Investment options.
  • Our straightforward insurance program has been constructed with our members’ needs in mind, recognising their commitment to work, family, community and volunteer needs as people of faith.
  • Our costs are low as we utilise the scale of our partner, Mercer, to deliver administration services and general advice. Anglican Super offers highly competitive fees.

On a legislative front there has been the introduction of new Super comparison tools, fund performance tests and effective 1 November 2021 Stapling of Super accounts. The move to Mercer sees us remain confident in our partnership and the knowledge that what we created remains to be a leading proposition across the various sectors of industry and faith.

The APRA performance test (seeking to address underperformance) was recently released and I am very pleased to advise that APRA has confirmed the Mercer Super Trust Mercer SmartPath has passed the fund performance test for the year ended 30 June 2021.

While this is a marker of success, we are not intending to rest easy and will continue to work with our partners at Mercer to implement initiatives to ensure Anglican Super maintains its position as a leading industry solution.

As Australia recovers from the last 18 months, these key factors all combine so that we continue to serve you into the future. Not only that, we’re looking to share these benefits as we serve more and more members from the wider Anglican and Christian family.

Thank you for being a part of Anglican Super, Your Faith Fund of Choice.

James Flavin, Chairman

Anglican Super
September 2021

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