Investment management is undertaken by Future Super Investment Services Pty Ltd (ABN 55 621 040 702; AFS Representative No. You may have seen the Government’s announcement to end the COVID-19 free childcare package for most Australian families. First there was the launch of "Australia's first super fund for women", Verve Super, almost a year ago, and recently a second "for profit" fund designed for women has opened its doors. Please read the Product Disclosure Statement for the full details about how fees apply to Verve Super. Verve Super is a sub-plan of the Fund. Administration fee (that’s $1.80 per week). To support members with low super balances, Verve ensures that the annual fixed administration fee is not charged if a member’s balance is lower than $5,000. Other fees and costs may apply to your account. "For too long women's hunger for practical and sophisticated financial information has been ignored," Verve Super chief executive Christina Hobbs said. Information provided is of a general nature only. The Median Balanced Super Fund annual return for the 12 months to 31 December 2019 is taken from estimates provided by Lonsec based on SuperRatings research published on 15/01/2020. Being self employed can be liberating, but the idea of retiring can often hang above the head of a self-employed... Read more.. Insurance companies work because everyone chips in for access to a range of services. They are small and lack scale, resulting in fees that can be higher than well-established funds. 001271441), which is a Corporate Authorised Representative of Future Superannuation Holdings Pty Ltd (ABN 90 167 800 580; AFSL 482684). The Founder and Sub Promoter of Verve Super is Verve Superannuation Pty Ltd (ABN 65 628 675 169, AFS Representative No. "It's really important for women to have a decent amount of money for retirement.". First there was the launch of "Australia's first super fund for women", Verve Super, almost a year ago, and recently a second "for profit" fund designed for women has opened its doors. Verve Super’s Balanced investment option is designed to provide members with the highest possible returns consistent with a balanced investment strategy. 001271441), which is a Corporate Authorised Representative of Future Superannuation Holdings Pty Ltd (ABN 90 167 800 580; AFSL 482684). We have partnered with one of Australia's most experienced and trusted ethical superannuation fund managers to grow your financial wealth without compromising your values. HESTA advocated strongly, with others, to extend compassionate access to super for victims and survivors of family violence, which was accepted by the government. Both Verve and FairVine also say they invest ethically – something that is more important to women than men, surveys have found. The benchmark performance is CPI + 2.5% per annum over rolling ten-year periods (after fees and taxes). Return of capital is not guaranteed and past performance is not indicative of future performance. With the power of our community, we agitate for change to support financial equality and to build wealth for all women. About 80 per cent of HESTA's members are women working in the health and community services sector, though the fund is open to anyone. Hey Verve, why do we need a women’s super fund. * These fees are the total Investment Fees, Administration Fees and Indirect Cost Ratio payable in respect of the Balanced investment option. This website is provided by Verve Superannuation Pty Ltd. Use of this website is subject to our terms and conditions and privacy policy. Verve Super is a sub-plan of the Fund. Verve is the first superannuation fund dedicating 100% of resources, services, and focus to serving women. Your funds are invested in a diverse mix of assets with a targeted 65% in growth assets (like shares and property), and 35% in defensive assets (like fixed interest and cash). Our team are committed to building the financial power of women and a better world. We acknowledge the Gadigal, Ngunnawal, Bundjalung Arakwal, and Wurundjeri people as the traditional owners of the land upon which our staff work flexibly from their homes or chosen office space. At Verve, we define wealth as what you value most. Verve Super is a sub-plan of the Fund. "Taking career breaks, looking after dependents – young or old – is not really taken into account", Ms Venkatesan said. At Verve, believe that there is an enormous potential for all Australians to invest their super in a way that provides a competitive financial return for retirement, and at the same time helps create a better more equal world for future generations to come. Rollover Form — Alternatively, you can download this printable Application Form. The Verve Super return is the annual return achieved for the Verve Super Balanced investment option for the 12 months to 31 December 2019. Men aged between 30 and 60 have retirement savings worth 42 per cent more than women of the same age according to analysis by actuaries Rice Warner earlier this year. We asked -and listened to- hundreds of women to design Verve for you. Its ethical option, Eco Pool, has a fee of 1.17 per cent – roughly the same as the fees of both Verve Super and FairVine Super. FairVine member Jodie Varley feels the fund will help her to achieve a comfortable retirement. The 30-year-old manages a hairdressing salon in Sydney. We respect elders past and present and acknowledge that sovereignty was never ceded. It was one of the first funds to exclude tobacco companies from all of its investment options and incorporates responsible investment principles across all of its portfolios. FairVine members can choose to have everyday purchases rounded up, with the remaining change added to their super and it waives fees for members while taking career breaks. Verve also has a small administration fee. It's important to do your own research and consider things like fees, investment performance, insurance cover, your risk profile, and Verve's alignment with your values when considering if Verve Super is appropriate for you.Consider getting in touch with a professional adviser if you need some help determining if Verve Super lines up with your financial needs. The funds aim to appeal to women who feel mainstream super funds are not catering to their needs. It's important to do your own research and consider things like fees, investment performance, insurance cover, your risk profile, and Verve's alignment with your values when considering if Verve Super is appropriate for you.Consider getting in touch with a professional adviser if you need some help determining if Verve Super lines up with your financial needs. Add articles to your saved list and come back to them any time. Return of capital is not guaranteed and past performance is not indicative of future performance.

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