ASIC's MoneySmart website says that ethical investment options aim 'to screen out companies that don't meet environmental, social and governance standards determined by an investment manager'. Fighting climate change through our everyday lives. The old bamboozle – A super fund may say its "CFC-free", for instance, and it may be true. It is not personal advice. For platform ideas check Xpress Super, Guild Super and Future Super. Your fund may blacklist cigarette makers, but it probably invests in Coles and Woolworths, which sell cigarettes over the counter. Stay in the loop with Canstar's Home Loan updates. I've been a member for 6 months now and honestly if knew about Australian Ethical earlier i would have joined years ago. It was beaten to first place by UK-based pension fund, The Environment Agency Pension Fund. Postcode not found! Local Government Super in 2014 said it would exclude companies with a material exposure to ''high carbon-sensitive'' activities as well as coal-fired electricity generators. However, funds scoring an A rating include the Westpac-owned BT Financial Group, VicSuper and Cbus Super. FOLLOW UP TO THIS EXPERIENCE: so company decided that they would partially refund the money, but instead of giving me a cheque, they opened another account, put the money in. Swapped over to these guys and they have been exceptional right from the get go, very easy sign up process and even managed to roll over my old fund over to them without any hitches along the way. When I realised what had happened, I contacted Australian Ethical and explained what happened, they told me that i had to contact my fund and arrange a rollover which I did. Would you mind sending an email to enquiries@australianethical.com.au so our client services manager can work through this for you? They failed to reply to the numerous emails i sent them in the last few weeks. Be sure to check these 9 things on your superannuation statement: Founded in 1986, today Australian Ethical Super is Australia’s fastest-growing super fund and has more than 48,000 members. Francesca Arciuli is the former Content Marketing Intern at 1 Million Women. Together we can make a real difference in changing the way businesses make decisions and operate. Generally, some of the 'unethical' investments that are screened out (and therefore not invested in) are fossil fuels (coal, oil and gas), weapons, tobacco, logging, animal cruelty and companies that are implicated in human rights abuses and worker exploitation. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Ranked by average scores, Australia as a nation is third behind Sweden and Norway. Write a review on ProductReview.com.au! They say things like "its being paid and was started on Monday" i asked whether it has left their accounts or not. He says its in "pricing"and cant provide further information. and Australian Credit Licence 234945. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 ("Pepper"). The manager of the super product must be RIAA-certified. What should I check on my annual statement from Australian Ethical Super? This is known as negative screening. Similar opinion? In the five years to 31 December 2015, the median return for the balanced option was 7.9% per year. Given a member of my household has preexisting health concerns this new requirement poses a risk. "There's been a doubling of funds flowing into the ethical end of the market over the past two years, and over the same period 35 funds have divested from tobacco," O'Connor says. We'd like to investigate this further. In 2014, the fund announced it would exclude companies with a material exposure to "high carbon-sensitive" activities as well as coal-fired electricity generators. John Hewson, the chairman of the Asset Owners Disclosure Project, says climate change is now moving up the investment agendas of the world's biggest asset owners. All rights reserved. ... Australian Ethical Super 4.1 (124) Superestate 5.0 (21) Crescent Wealth 4.8 (19) See all Retail Superannuation Funds. © 2020 AHL Future Super (Retail Super Fund): 4.9 out of 5 stars from 581 genuine reviews on Australia's largest opinion site ProductReview.com.au. Will not invest in companies that derive more than 10% of their total revenue from alcohol, weapons, gambling, pornography, tobacco or uranium. You can view your account balance online, access statements for your account, download super fund information, and more. UniSuper – Sustainable High Growth Option and Sustainable Balanced Option (managed by UniSuper, BlackRock and State Street). These are just marketing terms. I’ve been with Australian Ethical for at least 5 years now and I’m really happy with the growth of my retirement nest egg. RIAA is certainly helping improve transparency in the ethical super sector, but it can still be hard to suss out the ethical profile of a RIAA-certified fund because the fund managers often work for different investment firms. Stay away from Australian ethical super fund. 437917. Australia's Future Fund receives a "C" rating this year, up from last year's "D". The phenomenon has come to be known as "stranded assets", and it basically means corporations haven't factored climate change into their balance sheets. However, we have changed our process to allow certified documents to be submitted electronically by enabling members to upload forms and documents through their member portal login. The report covers the largest 500 asset-owners in the world by value of their investment portfolio. Good Super – Balanced, Growth and Conservative Options (managed by Perpetual, Triodos, ANZ, Social Ventures Australia, AMP Capital). There is nothing to stop anyone calling their fund “ethical”, “green” or “sustainable”. My super hasn’t taken a massive hit like many friends are telling me theirs has. And “ethical” can mean anything from green energy to animal rights to bans on gambling and alcohol. Screens out alcohol, tobacco, gambling, weapons, energy and diversified metal, mining and fossil fuel exploration and production. The super product must be audited by a third party appointed by RIAA (Grant Thornton or KPMG). Will not invest in companies that derive more than 10% of revenue from weapons, uranium, tobacco, alcohol or gaming; screens out companies that practice forest logging or inhumane animal treatment; screens out companies that source more than 20% of their operational revenue from coal, oil and gas. Written by: Regina Collins | Last updated: July 20, 2020, Government Employees Superannuation Board, Meat Industry Employees’ Superannuation Fund. We'd like to investigate this further. It’s important to check with your old super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds. *These are general areas of exclusion across different fund managers. Join our campaign to fix the banks. It can be a bit scary and overwhelming at first but it gives you the opportunity to ask questions about investment strategies and get quotes on fees. The big picture – are you happy with your super fund overall. All Australians must seriously consider switching to an ethical super fund to accelerate our transition to renewable energy. This fund is not to be trusted. Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. An apparently negligible 0.8 percentage point difference in fees can add up to $123,000 less in super over a lifetime. How is my super invested with Australian Ethical Super? o months, four emails and 3 automated replies later stating they would conduct an investigation, I am disgusted and recommend all to be very careful and WATCH your balance. More and more super funds are taking action to reduce the threat to the investment returns of their members from climate change.

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