A message from Jason Marler, GM Workplace Super

Welcome to our December edition of Employer News.



As one of the largest providers in the market, the Insignia Financial Group services over 2 million Australians. We have around $190 billion invested on behalf of our clients – and our scale allows us to deliver great outcomes to our investors.

Now, as always, we’re here to support you and help ensure the financial wellbeing of our members.

As we all know, this year has been full of highs, lows and extraordinary events in the investment markets and world news.  From near market crashes to the death of Queen Elizabeth II, wars and natural disasters, the news cycle has run hot throughout 2022. Some of these events have highlighted our environmental and social responsibilities in business and as private citizens.

Environmental Social and Governance

Our business has doubled down on our commitment to Environmental, Social and Governance (ESG) solutions. We’re committed to moving towards positive, sustainable change. 

We recently hosted ‘in person’ employer ESG events in both Melbourne and Sydney. We regularly receive questions about ESG and responsible investing, so this was a great opportunity to provide insights direct to our employer audience.  

Head of ESG, Stephen Black, said: “At Insignia Financial, we understand that driving better ESG practices not only delivers better outcomes for the planet and community, but strengthens the sustainability of our business, enabling us to continue to deliver on our ambition to create financial wellbeing for all Australians.”

In for the long term 

It’s important to remember that Super is a long-term investment - even for those in retirement, it will remain an investment for years into the future.

Our team of investment professionals actively manage our members’ portfolios. This means we take recent market movements as well as the outlook for market returns and risk into consideration when we adjust portfolios.

We use time-tested investment principles, like diversification, and we believe we can steer portfolios through market challenges that lie ahead.

Members in 'high-risk' occupations

I'm keen to reassure all our employers that our insurance contracts are inclusive of all occupations for cover – meaning none of our insurance contracts exclude any occupations from being covered. We have enhanced our definitions of disability so more members can claim and we’re keeping our premium costs very competitive. This is an advantage of our combined scale as a business enabling us to deliver more for our members.

Reduction of fees

On 14 November 2022, we were pleased to announce a reduction of standard Account Keeping Fees for IOOF Employer Super, IOOF Personal Super and IOOF Pension. 

The standard Account Keeping Fees reduced from $117 to $90 for the fund’s default MySuper product and ‘Core’ investment menu, and reduced from $180 to $150 for the fund’s ‘Full’ investment menu. 

This fee reduction is in addition to any existing Administration Fee discounts members may already be receiving.

This is part of our commitment to ensuring our members benefit from the scale of our business. By lowering costs we're helping our members grow their retirement savings.  

IOOF wins Bronze overall best-performing super fund — Stockspot Fat Cat Report 2022

IOOF won the Bronze award as part of the 2022 Fat Cat Funds Report, which compares more than 500 multi-asset investment options offered by Australia’s 90 largest super funds to find the best and worst performing funds. 

The funds were assessed on how they performed after fees and compared to other super investment options of similar risk over five years. 

IOOF funds placed in the top 10 funds in each of the Growth, Moderate, and Balanced Best performing funds.

  • IOOF MultiMix Balanced Growth – 4th Best Performing Fund for Growth category
  • IOOF MultiSeries 30 – 3rd Best Performing Fund for Moderate category
  • IOOF MultiSeries 50 – 4th Best Performing Fund for Moderate category

The result follows IOOF Employer’s MySuper investment (IOOF Balanced Investor Trust) meeting the annual APRA performance test for 2022.

Annual Members’ Meeting

Our super fund members are being invited to attend our Annual Members’ Meeting held via virtual webinar.

This is an opportunity for our members to hear directly from the Board and Executive Team about their fund's performance in the 2021/22 financial year, get an outlook for what's to come and ask questions directly to the people looking after their super.

They will receive an email or letter shortly inviting them to register to attend via virtual webinar. Once they’ve registered, they’ll receive an email closer to the meeting dates with details and a link to join via virtual webinar.

Join us online

Tuesday 14 February 2023, 5.00pm to 6.15pm (AEDT).

Employer Survey – Your chance to provide feedback and win prizes

We’re conducting research so we can gain a better understanding of Employer needs, wants and what is valuable to you when it comes to the superannuation plan provided to your employees. Your opinion matters, so please take some time to complete the survey, emailed to you via FiftyFive5, and get your voice heard. 

Responses provided in the survey will be anonymous and reported in aggregate form only. All information provided through the survey will be treated in confidence.

By participating in this survey, you will have the opportunity to win 1 of 4 $500 gift vouchers! Click here to view the terms and conditions of the prize draw. The survey closes at 12am Monday 30th January 2023. The winner will be notified on Monday 27th February 2023 by email and/or phone (if available) and, once claimed, the prize will be sent out by email.

In closing I wish you a safe and happy holiday period.  I hope you get the opportunity to switch off and spend some time with your friends and family.  The new year will be a big and exciting one for our business, and I look forward to continuing to work closely with you.

Best regards,
Jason Marler
General Manager, Workplace Super


Important information
This document has been prepared by IOOF Investment Management Limited (IIML) ABN 53 006 695 021, AFS Licence No. 230524 as Trustee of the IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818 (Fund). IOOF Employer Super is a Division of the Fund. IIML is part of the Insignia Financial of companies, consisting of Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate. This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Please obtain and consider the PDS and the Target Market Determination (TMD) both of which are available for consumers to better understand products before making any decision about whether to acquire a financial product. Information is current at the date of issue and may change.