We understand many are concerned about the state of the economy including its effect on your super. We encourage you, however, to remember that super is a long-term investment and while we have recently seen negative returns they are often followed by years of strong returns and performance.
If retirement is far away
For our members whose retirement is not in the distant future the answer to what you should do with your super is: consider doing nothing.
If you have 15, 20 years or more until retirement, this downturn is one of many you will likely experience during your working life, and one of the benefits of riding out the short-term market turmoil is higher long-term returns. It also provides an opportunity for Vision Super’s investment team to acquire assets at lower prices on behalf of members.
If you are, however, worried about the market conditions you can log in to Members Online or the Vision Super app to check your account to see your investment options and also have a look at our PDS and How we invest your money guide to find out more about your investment options. Please think carefully before making any decisions.
Approaching retirement or already retired
Super is usually a long-term investment, even if you are close to retirement or already retired. We understand if you are seeing your balance decrease you may want to switch to a more conservative option but for your balance to last as long as possible our answer to ‘what should I do with my super’ is: before you make any changes to your investment strategy, please get professional financial advice.
If you would like to speak to us or book a financial planning appointment, call 1300 300 820 Monday to Friday 8:30am to 5pm.