A letter from Jason Marler, GM Workplace Super

Dear Clients

A warm welcome to the latest edition of Employer News. We thank you for your continued support and remind you that our team is always here to help with any questions you may have.

In the 12 months to 30 June 2023, we welcomed 12 new Employer clients - a diverse group of international and national organisations, representing a range of industries. We’re very proud to now partner with 11 of the top 30 ASX listed companies.^{^}

Our IOOF Balanced Investor Trust has been recognised by Chant West as one of the top 10 performing growth investment options for the 12 months to 30 June 2023.¹ In addition our IOOF Employer Super Core – IOOF MultiSeries 70 has been recognised by Super Ratings as one of the top 10 Balanced Options over the same period.² These are fabulous outcomes for members in these investment options, during challenging economic conditions.

Financial Freedom Report

In collaboration with McCrindle, we recently launched the Financial Freedom Report. This research piece explores the financial priorities and lifestyle aspirations of Australians in 2023. 

Interestingly the report found that the aspirations and priorities of Australians have changed, with financial independence and regular holidays coming in above home ownership and good work/life balance as top priorities.

You can access the full Financial Freedom Report here. 

Super changes this financial year

With the new financial year, comes some important super updates including changes to the super guarantee, an increase in the general transfer balance cap and new thresholds to determine the non-concessional contributions cap. Our technical team has been busy compiling an overview of the latest updates for our employers, so I encourage you to read the article below to make sure you’re across the changes.

MySuper portfolio positioning

Successful investing relies not just on strong performance in rising markets, but also on skillful management in situations where there are conflicting signals. 

Our role as active managers is to assess the range of possible market outcomes and position portfolios so that they maximise the chance of meeting members’ return expectations while minimising exposure to risks unsupported by high conviction. 

The current situation makes it unwise to take big positions in listed markets. Consistent with this, our share market investments have been fine-tuned to enable members’ funds to participate in rising markets while simultaneously providing them with a degree of protection against the risk of downturns.

Awards and recognition

It’s great to receive industry recognition and acknowledgement for our team and products, so I’d like to share some recent achievements with you:

• IOOF Employer Super received a 5-star rating from Heron Partnership Quality Star Ratings for its great depth of features and flexibility.³  
• Chant West awarded one of our MySuper investment options, the IOOF Balanced Investor Trust, one of the Top 10 Performing Growth Funds for the 12 months to 30 June.⁴ 
• 2023 Financial Standard Investment Leadership Awards⁵:
  • The IOOF MultiMix Growth Trust won the Multi-Asset – Growth category for the third year in a row 
  • IOOF MultiMix Balanced Growth Trust won the Multi-Asset – Balanced category for the second year in a row.

These are some great result for members invested in the IOOF MultiMix Balanced Growth Trust and IOOF MultiMix Growth Trust, both popular investment options for IOOF Employer Super.

For more please visit our new awards page for IOOF.

NPS survey

As our valued superannuation client, your feedback is important to us. So please keep an eye out for our NPS survey in your inbox… here’s what to look for:

This short survey will only take 10 minutes to complete. We appreciate you taking the time to provide your valued feedback.

As always, we appreciate your continued support.  If we can help you in any way, please reach out to your Relationship Manager directly.

Best regards

Jason Marler
GM, Workplace Solutions

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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. Past performance is not an indicator of future performance.