We're all in this together
Your super. Keeping Australia strong during COVID-19.
At times like these it’s only natural that many of us are thinking about our future.
So it’s reassuring to know that we have super. One of the best systems in the world.
As stock markets in Australia and around the world react to the Coronavirus, Industry SuperFunds are continuing to invest to achieve superior long-term returns for members and are well-placed to ride out short-term downturns in the economy. We do this by investing across a wide range of asset classes, including unlisted property and infrastructure.
Industry SuperFunds invest in companies to keep products and services available and create jobs. We invest in vital infrastructure to keep our nation moving and strong, no matter what the challenges. We invest for the long term to ride out the tough times we face now.
All of this helps to minimise losses for our members and will enable us to recover quicker together.
How does super help keep the economy strong?
Within about 30 years Australia’s universal super system has become one of the cornerstones of our country’s economy. It is a key driver of growth, productivity and jobs in both good and bad economic times.
With over five million members and over $700 billion in funds under management, Industry SuperFunds invest in Australian livelihoods through Australian listed companies, debt markets, infrastructure, property and the wider financial system.
And this pool of workers’ savings can be deployed to help Australian businesses open their doors and drive growth again once the crisis is over.
When times are tough, super's role in the Australian economy becomes more important.
As foreign finance dries up – like we saw after the Global Financial Crisis (GFC) in 2008 - super funds can become an important alternative source of money for banks and private business. We aren’t just interested in short-term gains; we’re interested in businesses’ long-term success, stability and sustainable growth. We invest in solid Aussie businesses that create jobs for future generations of Australians and deliver returns for our members in the years and decades ahead.
And on the macroeconomic level, the super system’s $3 trillion in funds under management is a ballast for Australia’s economy, keeping it upright in turbulent global financial seas.
Industry SuperFunds’ steady cash flow from the contributions of its members mean we are always buying stocks and shares, even as all others are selling. This creates a stabilising effect, limiting volatility and will help to kickstart the recovery of the Australian sharemarket.
How are Industry SuperFunds helping to create jobs?
Because we invest in Australia. Our investments are in things that drive growth and productivity. Members’ retirement savings are not only in term deposits, cash, equity markets or other financial instruments – but the roads we drive on; our bridges, railways, airports, seaports; our energy grids and solar farms; the centres we shop in; and the properties we live and work in. These investments create jobs.
Industry SuperFunds hold more than $45 billion in Australian property and infrastructure.
In one year alone our capital expenditure on Australian infrastructure created or supported 46,000 jobs.
Industry SuperFunds’ primary purpose is to prudently manage and grow the retirement savings of 5 million Australians, and this includes supporting those members in financial distress that need our help now.
Your super will help rebuild the economy and jobs
Industry SuperFunds are so interwoven into the fabric of Australia’s economic life that your super will help the nation to rebuild. We will do this by lending to sound Australian business so they can rebuild, have the cash they need to grow and to create much needed jobs. At the end of this crisis, Australian business will need capital so they can re-open things like retail stores, and cafes and rebuild the tourism industry. This is money Industry SuperFunds can provide.
And when the federal, state and territory governments turn their mind to economic recovery it is Industry SuperFunds who have the investment expertise to partner with them on large-scale infrastructure projects that will get Australians working again.
Accessing super now
If you are experiencing financial hardship, you may be able to access some of your super early. Find out more about the options available to you here.
Your Industry SuperFund is here to help you and your future in retirement. Find out how your fund is responding to COVID-19, or to contact them directly, click on their link below.
ISA Pty Ltd ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514. Consider a fund’s PDS and your objectives, financial situation and needs, which are not accounted for in this information before making an investment decision.