smartMonday is among the top-performing super funds in the new YourSuper comparison tool, as ranked by net returns over seven years.
The Australian Taxation Office tool compares MySuper products, and smartMonday ranks in the top 10, with average yearly returns up to 9.14% (based on the benchmark $50,000 account balance).
We also passed the first ever national performance test conducted by the Australian Prudential Regulation Authority, which compared fees and performance across MySuper products.
“These results show we are better value compared to the majority of the industry – while performance is only one aspect of our value it’s key to many Australians and employers,” said smartMonday head of member services Shannon O’Shea.
“This result reinforces smartMonday’s position as a low total fee,* high-performing, member-focused fund. We’re particularly pleased the test covers performance over seven-years, as we emphasise that everyone should take a long-term approach to their super. Clearly, smartMonday is delivering for members in this regard.”