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:
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
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