ESI Super ranks in top 11%

The Australian Prudential Regulation Authority (APRA) recently released its first measure of all super fund rates of return over five years. APRA is the government body regulating the superannuation industry released performance data for individual superannuation funds, covering the 5 year period from financial years 2004 to 2008.

The Superannuation fund-level rates of return reports both 3 year and 5 year performance information on the 200 largest funds by asset size  which cover 95% of members and 98% of the assets of APRA-regulated funds and eligible rollover funds (ERFs).

The ABC's 7.30 Report on Wednesday 26th of August 2009 reported on the rankings for the 5 year returns for the top 100 funds by asset size from the APRA released information, not taking into consideration the investment option.

ESI Super was ranked 11th in performance over the 5 year period - well above many notable high profile superannuation funds. This report has revealed that paying higher fees doesn't always guarantee a greater return.

Of course we are proud of this result which reflects the hard work over many years put in by the Trustee toward delivering consistent strong long term performance for ESI Super members.   We are however, not 'content' with this past performance, and recognise how difficult the current times have been for our members and so we will continue to focus on delivering better retirement benefits for you.