Newly merged fund Energy Super has appointed SuperChoice to manage its branded clearing house website.
The transactional website will be a “one-stop shop” where employers can manage both default and choice-of-fund superannuation contribution remittance.
Energy Super chief executive Robyn Petrou said the fund’s larger employers would particularly benefit from the streamlined approach to paying their employees’ contributions.
“It also eradicates the need for employers to develop their own individual software and systems to manage super contribution payments,” she said.
Energy Super is the result of the merger between energy industry funds ESI Super and SPEC Super. Launched earlier this month, it has $3.8 billion in funds and over 45,000 members.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.