VicSuper is MySuper authorised

We can accept all default Superannuation Guarantee (SG) contributions from employers into VicSuper FutureSaver.

VicSuper FutureSaver contains the Growth (MySuper) Option which is the default investment option for members who do not make an investment choice.


What is MySuper?

MySuper is a Federal Government initiative that forms part of the Stronger Super reforms. It requires super funds who act as a default super fund for employers to provide a simple, low-cost super product that includes certain features.

To meet the requirements of a MySuper product: 

  • only certain types of fees can be charged, and the fees must be the same for all members, and be applied (or deducted) in the same way 
  • default death and TPD insurance should be provided on an opt-out basis 
  • members must have equal access to services (eg call centres, member education, advice and online account information).

For full details on MySuper requirements visit strongersuper.treasury.gov.au


What MySuper means for VicSuper members

VicSuper has always aimed to act in the best interest of members and offer products that provide great value, so the introduction of MySuper has not impacted greatly on our members.

VicSuper's default investment option (the Growth Option) was renamed the Growth (MySuper) Option, so VicSuper FutureSaver members who were invested in the Growth Option became 'MySuper' members.

Additionally, members who were invested in the Capital Stable Option as their default investment option and had never made an investment choice, have been transferred to the Growth (MySuper) Option unless they chose to opt out. This includes lost members who we have been unable to contact by mail.

If your balance was transferred to the Growth (MySuper) Option but you would prefer a different investment option (including transferring back to the Capital Stable Option) you can change your investment options at any time.

Please note that MySuper applies only to accumulation super products (ie VicSuper FutureSaver) and not to pension products.

VicSuper is MySuper authorised

We can accept all default Superannuation Guarantee (SG) contributions from employers into VicSuper FutureSaver.

VicSuper FutureSaver contains the Growth (MySuper) Option which is the default investment option for members who do not make an investment choice.


What is MySuper?

MySuper is a Federal Government initiative that forms part of the Stronger Super reforms. It requires super funds who act as a default super fund for employers to provide a simple, low-cost super product that includes certain features.

To meet the requirements of a MySuper product: 

  • only certain types of fees can be charged, and the fees must be the same for all members, and be applied (or deducted) in the same way 
  • default death and TPD insurance should be provided on an opt-out basis 
  • members must have equal access to services (eg call centres, member education, advice and online account information).

For full details on MySuper requirements visit strongersuper.treasury.gov.au


What MySuper means for VicSuper members

VicSuper has always aimed to act in the best interest of members and offer products that provide great value, so the introduction of MySuper has not impacted greatly on our members.

VicSuper's default investment option (the Growth Option) was renamed the Growth (MySuper) Option, so VicSuper FutureSaver members who were invested in the Growth Option became 'MySuper' members.

Additionally, members who were invested in the Capital Stable Option as their default investment option and had never made an investment choice, have been transferred to the Growth (MySuper) Option unless they chose to opt out. This includes lost members who we have been unable to contact by mail.

If your balance was transferred to the Growth (MySuper) Option but you would prefer a different investment option (including transferring back to the Capital Stable Option) you can change your investment options at any time.

Please note that MySuper applies only to accumulation super products (ie VicSuper FutureSaver) and not to pension products.

More about VicSuper FutureSaver

Book icon Download the PDS

Icon information Member Guide

Icon information FSG

Dashboard icon Download dashboard

More about VicSuper FutureSaver

Book icon Download the PDS

Icon information Member Guide

Icon information FSG

Dashboard icon Download dashboard