News

It’s been another solid quarter for CareSuper members with all our investment options delivering positive returns.

It’s been another great year for CareSuper members, with the Balanced option delivering another year of strong returns. It’s the fifth year out of the last six that returns have been in double-digits.

The Productivity Commission released a draft report on Tuesday, which warns of under-performing funds and shows the divide in performance between not-for-profit funds and retail funds.

‘CareSuper’s Balanced option was the best performing Balanced option over the past decade,’ says CEO of SuperRatings, Kirby Rappell.

The Federal Budget for 2018/19 was announced on Tuesday 8 May, including a number of proposed changes to Super, which will commence from 1 July 2019 if approved by Parliament.

CareSuper has announced it will be partnering with Mercer to manage its outsourced administration functions and related customer and fund support services.