On Saturday 22 April 2017, the Weekend Australian published an article titled 'Superannuation's biggest losers revealed'. The article listed the lowest super returns over the last 10 years and noted "Australian Catholic Super" as one of the worst performers.
There are two different Catholic funds:
We understand the confusion between the names of the two funds, but Catholic Super is actually Australia's best performing fund over the same 10 year period.
It is the top-performing fund that was also recognised as the Industry Superannuation Fund of the Year 2016 for Customer Satisfaction by Roy Morgan Research, and was named Money Magazine's Best Pension Fund Manager 2017.
Our Balanced investment option has been ranked as the top performer for 2016 according to independent research company SuperRatings. Also, our Aggressive investment option is the top long-term performer, which means you could have more financial freedom in retirement. Please refer to csf.com.au/number_one for more details.
Our sustained investment performance as well as the recognition by Roy Morgan Research, SuperRatings, and Money Magazine shows that we not only provide excellent returns but also outstanding service to our members.
What about the future?
Independent researchers Rice Warner have undertaken a projection for a 30 year period using the average investment returns of Catholic Super and ACSRF over the last 10 years. The projection indicates an end benefit will be 45.7% higher if the historical returns of Catholic Super are repeated in the future, compared to the historic returns of ACSRF. With a starting balance of $35,000, that's a difference of $265,000. The figures speak for themselves!