- A fund run only to benefit members
- A fund with low fees
- Has never paid commissions to financial planners
With 15 Industry SuperFunds to choose from, there is an Industry SuperFund for every type of worker. In fact, more than 5 million workers already belong to a fund that carries the Industry SuperFund symbol.
The symbol is the marque of a super fund you can trust. Choosing a fund that carries this symbol could make a significant difference to your retirement because it represents funds that are run only to profit their members, which could mean more for you in retirement. So if you want a quality super fund that puts you first, all you have to do is look for this symbol.
Industry Super Australia.
Industry Super Australia (ISA) was established in 2006 and manages collective programs on behalf of the 15 Industry SuperFunds, with the objective of maximising the retirement savings of five million industry super members. Two other entities owned by Industry SuperFunds participate in ISA’s programs- IFM Investors, and Members Equity Bank.
ISA’s most well-known collective program is the Industry SuperFunds marketing campaign, which provides information about superannuation and the benefits of membership of funds that carry the symbol. ISA also performs public relations and government relations on behalf of participating funds and entities.
ISA’s programs have helped participating funds grow by retaining existing members and attracting new members in a competitive market by promoting the benefits of profit-to-member super. This growth is then passed back to members through lower fees and higher investment returns on average, compared to other funds on average.
ISA’s programs also serve to protect members' interests by raising awareness of issues that can undermine their savings; like not receiving super contributions or being mis-sold unsuitable financial products that are not in their interests.
Contributions made to subsidise ISA’s programs are determined after considering several factors, including funds under management and the number of accounts held by a fund. In 2019/20, ISA’s total revenue was approximately $23M, with the vast majority of revenue allocated to the joint marketing campaign.