Future Super
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I fee robbed
Future super has utterly failed me.
There returns are pathetic.
When I transferred my account in 2014 I was unaware that the insurgence policies I had with Australian super were not carried over. I believed given the abusive fees I was still paying for them. I was injured at work in 2018 and put through the ringer. When I attempted to access the income protection insurance and the injury cover I was devastated to find out I wasn’t covered at all.
Future Super has completely screwed my retirement and I regret immensely having ever brought into their absolute crap. I’ll be working until the day I die.
Do not trust these snakes.
Transparent, Ethical and Decent Returns
You can tell that from a lot of reviews on this website, that the larger population do not know how investing works. I have been with Future Super for perhaps a year, the overall trend is up. They tell you where they are investing and tell you how much is invested where. Which is much more I can say for some other Funds. It is important that we put our money where our mouth is, to save the planet for future generations.
Future super misleading claim to be 100% Fossil fuel free.
Was with Future Super, until few years ago. When i left future super a few years ago i was still happy with Future super, the fact that they were 100% fossil fuel free and invest and invest in renewables was another plus. Only left due to personal reasons had chronic pain- so when decided to leave was focused on getting best returns but ironcially lost money.
Writing this review because very disapointed that future super holds 10.7 million dollars worth of Toyota shares, which they should sell ASAP for environmental reasons and for the financ
... Read moreial returns of their members. If over 99% of Toyota cars solds need fossil fuels to run, I'm believe Toyota is in fact a Fossil Fuel company. Toyota is their 28th biggest investment overall, or their 5th biggest international investment, (according to their website). Everyday there is more and more evidence that Toyota is a climate laggard- that doesn't support the transition to electric vehicles or eventual ban on fossil fuel vehicles in Europe or Calfornia in the 2030s. Toyota wants to sell fossil fuel polluting vehicles for as long as possible. Last year Toyota in its milllions of worldwide car sales, only 0.2% vehicles or 20,000 were fully electric cars, so 99.8% of its cars need fossil fuels to run, and may go on polluting the world for the next 10 years or more while in operation, when they could have sold electric cars, which can get less polluting over time, as the world's grids use more and more renewable electricity, and if you lived in Norway or Tasmania etc already have very low emissions. Toyota shares are going to be at risk of a stranded asset, and reduced car sales, it it can't supply the world with enough electric cars, that are growing rapidly in China, Europe e.g. Norway and even now Australia getting up to 8% new car sales for electric vehicle sales in April this year, likely hit double digits very soon, when last year only 3-4% of new car sales were electric. This article gave Toyota the 10th most negative and influential worldwide company in terms of climate policy, as you can see in the list Toyota is on the same list as some of the world's biggest fossil fuel companies such as ExxonMobil or Chevron. https://insideevs.com/news/620906/toyota-ranked-among-oil-companies-anti-climate-policy/. So Future Super should sell its financially risky and climate change worsening Toyota shares, or stop claiming to be 100% fossil fuel free. Cheers.
Hi Michael,
We're sorry to hear you've left, and thank you for sharing.
Future Super teamed up with Greenpeace recently and backed a shareholder resolution, to put pressure on Toyota to act on climat
Green washing at it's best.
Been with Future Super for a few years now. Though I'd give it a crack because of it's environmental objectives. I've got a small amount of money invested. In the last year I've put in $7000, and my account is still less than it was over a year ago. I'VE LOST MONEY even after investing more than 10% of my total balance. I would've been better off hiding my money under my mattress! Going to transfer back to an industry fund this week.
Hi Spi,
Thanks for sharing your honest feedback about your experience with Future Super.
... Read more We totally get that it's alarming when you see fluctuations in your super balance. Because super is a long-term investment, we encourage members to focus upon the long-term outcomes, rather than the short-term fluctuations of their returns. In 2022, Future Super’s investment options were largely impacted by the conflict in Ukraine. These events have increased the demand for fossil fuels, which has generated positive market returns for fossil fuel companies as well as the financial institutions that fund these companies. Because Future Super chooses to not invest in fossil fuels, the fund has not received exposure to the positive performance driven by fossil fuel or resource companies. At Future Super, our experienced investment team work hard to invest members' savings for the future. If you would like to chat to someone in our Member Advocate team, feel free to get in touch with us at info@futuresuper.com.au. If you would like to, you're also able to lodge a formal complaint on our website: www.futuresuper.com.au/complaints/
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Lost tens of thousands of dollars
Growth below CPI, so literally losing money in real terms. Nominal losses in the past year way outstrip fossil-fuel free index funds.
Had I gone with Active Super (also ethical) five years ago I'd have around $25,000 more today. I'm fuming: this is my future! If you can't deliver reasonable returns just don't start a super fund.
Hi Warwick, we totally understand it can be upsetting to see short-term fluctuations in your super.
While super is a long-term investment and it’s important not to get too caught up in short term re
... Read moreturns, it’s natural to be concerned about seeing negative returns - especially if you haven’t noticed this happening before.Are you seriously trying to gaslight me in a public forum? Your abysmal 3% average annualised returns (below CPI) over the past five years has NOTHING to do with the recent market downturn. And the fa
... Read morect you lost more money during that downturn than most other super funds, even the high growth products, is further proof you are flagrantly incompetent with money. You can lodge a complaint for me if you want, but I’ve moved my money to Active Super. And I’d suggest everyone do the same!Hi Warwick, unfortunately we can't lodge a complaint on your behalf with only your first name (please don't share any identifying info here, as it's not a secure channel). However, if you send through
... Read more your details to info@futuresuper.com.au we'll help you progress your complaint.
I really like their values, but no growth
I was losing a lot of money, so I switched from the aggressive option to more balanced. Haven’t seen any growth yet, whereas my last super was growing fast! I want to ensure I’m investing in sustainable and ethical funds, but I also don’t want to be homeless at retirement! Still deciding whether to stay or not.
Hi Lauren,
Thanks for the honest review. We know it can be disappointing when you change your super and don’t see immediate results, so we hope you stick with us and keep investing in a sustainable future.
... Read more It’s normal over the long-term to have periods where your investments return a negative result. The global economy is currently coming out of one the longest periods of continuous growth ever, and many people are experiencing negative returns for the very first time. To put it in perspective, last financial year was the first time in Future Super’s history that any of our options had negative returns. Your super is a long-term investment, so while it’s important to follow your performance, even a year is relatively short-term for superannuation. Because Future Super invests differently to other super funds, our performance often doesn’t match what’s happening at other super funds. Sometimes that’s good, like in 2020-21 when we were one of the top performing funds in Australia. Sometimes it’s not, like last financial year when the price of fossil fuels went up. Future Super chooses to not invest in things like fossil fuels because they aren’t contributing to a sustainable future. That can mean that occasionally we miss out on a period of strong performance. But over time we think this will put our members in a good position. If you want to talk to our member team about your super you can email info@futuresuper.com.au. We're always happy to have a chat.
Great to finally have found a super that has clarity
Easy to communicate with when I need information. Great app to show your balance. Very happy my money is invested in sustainable projects.
Great experience from start to finish!
I switched to future super in an effort to do every little I could to support the health of the planet. I have since left australia and had to deal with a gruelling Departing australia superannuation payment and future super were absolute legends from start to finish!! Incredible customers service and genuinely there to help. Had a particularly great experience with Pablo. Thanks all for all your support and just being a wonderful business doing good things for our home!
High fees, no growth.
I've been with Future Super since 2016. I trusted them because of their ethical stance and I believe in divesting from fossil fuels. The returns have been limited especially considering the high fees. After receiving professional independent advice I am leaving them as I can't afford to back slide any further on my retirement savings. I really do not recommend this for women who have taken time out to have children - not enough gains to make up for the shortfall.
Hi SJC, we're sorry to hear you have left the fund. We totally understand that it can be alarming when your investment option does not generate short-term returns. However, as a super fund, we encoura
... Read morege members to focus upon the long-term outcomes, rather than the short-term fluctuations of their returns. That being said, everyone's situation is different and we always support seeking independent financial advice where necessary. If you would like to make a formal complaint, don't hesitate to get in touch with us here: www.futuresuper.com.au/complaints/Find out how Future Super compares to other Retail Superannuation Funds
Know better, choose better.
Good example of being wise
Future Super supports our futures and should be how everyone's rolling.
Future super is the way forward for us all.
Recently switched over to future super, was very easy! I love how transparent they are about investments and the site is easy to navigate.
Solid super investment that accounts for long-term profits in a liveable world
Doesn’t invest in fossil fuels or weapons (plus several other categories) - many practices that align with my standards for investing.
The investments that they hold in are sound and provide great returns.
The annual fees are also competitive with other, larger super companies.
Find out how Future Super compares to other Retail Superannuation Funds
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No nonsense super that puts my money towards a future I'll want to retire in.
I've been a member for more than a year now. It's great knowing that the money that's invested is working towards a future that I'll be happy to share with my future family with.
Change the world with your super!
I have been with Future Super for around a month now after knowing I wanted to change super two years ago. I thought it would be a huge, confusing and deceptive process (super funds trying to greenwash me) but Future super took all of the guess work out of it and assured me that my money would be invested in line with my values and ethics. I believe that my money will now positively contribute to the world. I encourage all of my friends and family to join. Don't wait, change your super today!
Making my money work ethically
I'm new to Future Super but have chosen them because I don't want to invest my second biggest asset (my super) in shares that will contribute to destroying my biggest asset (my home)!!
Questions & Answers
I joined Future Super 2 years ago, I cannot understand from the website how my funds are performing. All i can see in the transaction in what my employee has contributed and taxes .. which makes the total have in the fund. I have been thinking about leaving Future Super as I will not have a pension and all i can accumulate until i retire is with the superannuation
I am not happy with my super.If I need to change into this super >>what would be the process and Do I have to do the running around to merge or you guys will help with it ?What would be the fee for your super account?
Hi, I would like to make a switch from my AMP Superfund to Future Super, also noticed on the product review that you're an award winner for 2022 same goes to HESTA as well which they also mentioned that they are a 2022 award winner? in making this switch would this be a clean switch or is there something I should be aware of? my 3rd question is how do I see my super annuation jump significantly say from 10,000 to 40,000 in the next 5 years?
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Hi there - thanks for taking the time to leave feedback. We strive for transparency in all our communications, and we’re sorry to hear that your experience with Future Super didn’t live up to our stan
... Read moredards. If you would like to, you're able to lodge a formal complaint on our website: www.futuresuper.com.au/complaints/