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A letter from Dave Woodall, CEO Superannuation
- Effective Date
- 2025-03-25 10:28
As we start to make our way through the year, I want to share that we are in the process of developing our next strategic plan, one that aims to enhance how we serve our customers, both now and in the future. We remain committed to delivering the best outcomes for your staff and exploring new ways to improve and grow our service offerings. We're looking forward to working together in 2025 to help your employees achieve their financial goals.
Strong investment returns for your employees
IOOF’s Balanced Growth investment option – our default MySuper investment option – delivered a double-digit 11.72% return for the 12-months to 31 December 2024. This places the option in the top quartile of MySuper investment options over this period.1
Global listed shares were the largest contributor to the option's performance during this 12-month period, particularly the option’s exposure to US technology stocks. US shares made strong gains over 2024 and this continued into the last quarter of the calendar year, supported by Donald Trump’s victory in the presidential election.
The 3 and 5-year returns for IOOF’s Balanced Growth investment option also remain robust, delivering 5.63% and 6.60% per annum to 31 December 2024, respectively. The option also placed in the top quartile of funds over the 3-year period, as reported by SuperRatings.
Please note results for the next investment quarter to 31 March 2025 will be available soon. We will share these with you as soon as they are ready.
Supporting Women’s Financial Literacy
This time of year marks a unique opportunity to engage your employees on important topics and updates relating to women’s financial literacy. With both International Women’s Day and the Gender Pay Gap so prevalent in the media, it’s a great time to look at how you can engage and educate female employees.
IOOF have prepared a comprehensive women’s financial literacy guide ‘Dream big, take action: A woman’s guide to greater financial wellbeing’ highlight some practical advice on smart money, super and retirement strategies that can help women accelerate towards their goals.
Annual Members’ Meeting (AMM)
We recently held our AMMs across our four funds. During the meetings, we covered important updates on your employees’ super, its performance in 2024, and our economic outlook for 2025. We also took time to answer your employees’ questions.
We’ve made it easy to catch-up on the meetings:
IOOF - ioof.com.au/amm
Partnering for success: Supporting your employees in 2025
We look forward to continuing our partnership and supporting your employees’ financial journeys throughout the year. Stay tuned for more updates, and as always, don’t hesitate to reach out if you have any questions or feedback.
Warm regards,
Dave Woodall
CEO, Superannuation | Insignia Financial