Future Super

{{Short description|Australian superannuation fund}}

{{more citations needed|date=July 2019}}

{{Use dmy dates|date=May 2015}}

{{Use Australian English|date=May 2015}}

{{Infobox company

| name = FutureSuper

| type = Retail Superannuation Fund, for-profit

| foundation = {{Start date and age|2014}}

| location_city = Sydney

| location_country = Australia

| area_served = Australia

| key_people = {{Unbulleted list|Simon Sheikh, Founder and CEO|Adam Verwey, Founder and MD Future Asset Management|Kirstin Hunter, MD Future Super Services}}

| industry = Superannuation

| assets = $A1 Billion (2020)[https://treasury.gov.au/sites/default/files/2021-02/c2020-124304_future_super.pdf "Submission to the 'Your Future, Your Super package' consultation"] (PDF). treasury.gov.au. Australian Government. [https://info.microkeeper.com.au/ The Treasure]. December 2020. Retrieved 27 January 2025.

| homepage = {{URL|http://www.myfuturesuper.com.au/}}

}}

Future Super is an Australian retail superannuation fund that offers superannuation services, focusing on zero fossil fuel investment and on holistically ethical investment with an emphasis on clean energy projects.{{Cite web |title=Our Story & Team | Future Super |url=https://www.myfuturesuper.com.au/about/story |access-date=2025-01-27 |website=www.myfuturesuper.com.au}} Established in 2014, Future Super services over 36,000 members Australia-wide and has over $1 Billion in funds under management.{{Cite web|url=https://www.investordaily.com.au/superannuation/48653-the-curious-case-of-future-super|title=The curious case of Future Super

|date=5 February 2021|website=Investor Daily}}

Retail superannuation fund

As a retail super fund, Future Super is a for-profit fund with a multi-layered corporate setup. Future Superannuation Group Pty Ltd is the owner of Responsible Investment Services Pty Ltd (RIS).

History

The Fund was set up by a group of activists headed by former head of GetUp, Simon Sheikh together with ethical investment expert Adam Verwey. At 20 July 2019, the Fund has a pension fund, plus three superannuation investment options, all fossil-free and ethically driven. The three superannuation investment options are: Balanced Index, Renewables Plus Growth and Balanced Impact.{{Cite web|url=https://www.myfuturesuper.com.au/options/overview|title=Your investment choices | Future Super|website=www.myfuturesuper.com.au}} Future Super charges a management fee of between 0.785% and 1.5% (as of September 2023), with some options also including a flat fee.{{Cite web|url=https://www.futuresuper.com.au/investment-options/|title=Future Super Investment Options|date=14 September 2023|website=Future Super}}

Fund administration

Future Super is the trading name of the Future Superannuation Group Pty Ltd. The Group holds 100% of the ownership of Responsible Investment Services Pty Ltd (RIS). RIS is a Corporate Authorised Representative of Future Super Asset Management Pty Ltd, and as such is responsible for promoting and for providing investment management, communications and member services for the Grosvenor Pirie Master Super Fund 2 (GPMSF-2). The Grosvenor Pirie Master Super Fund 2 is administered by OneVue Super Services Pty Limited.[http://gpml-www-cdn.s3.amazonaws.com/live/files/dmfile/7.-ris-financial-services-guide_final_8-april-20191.pdf RIS Financial Services Guide]. Retrieved 27 January 2025.

References

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