Posted on 04/02/2019
As an employer, you’ll know that one of the smartest business decisions you can make is investing in your employees.
There are many ways to do this – but have you ever considered the impact you can have on your employees’ retirement?
While the money you pay your staff for the everyday role they perform is important, it’s the money you contribute to their retirement future through superannuation that is arguably more vital.
This contribution has the potential to provide your employees with an income nest-egg to help see them through their later years*.
In essence, through the default superannuation fund you select for your employees, you have the power to shape how well your employees will live in retirement.
This is a big responsibility, so you want to be sure you’ve selected a default superannuation fund that does the right thing by you, your people and the community.
More than 22,000 businesses invest their employees’ retirement savings with Statewide Super – these are just a few of the reasons you should join them.
1. Our investment performance is amongst the best in the country
One of the most important considerations when selecting a super fund is a track record of strong, long-term investment performance. By having a high performing super fund, you can help your employees accrue thousands of extra dollars in their super account over a lifetime.
Statewide Super has outstanding long-term investment performance*. In fact, we are one of the best performing super funds in the country!*
Our default MySuper investment option on average returned 8.15%** p.a. over seven years to 31 August 2020, ranking in the top quartile of super funds nationally, according to independent rating agency SuperRatings*.
2. We’re committed to delivering great service
As consumers, great service is something that we’re all after – whatever the product. As one of the few remaining financial institutions based in South Australia, but servicing members around the country, Statewide Super is passionate about providing our members with quality, local service – whether it’s face-to-face or over the phone.
Being ‘local’ means that we take an active interest in our local communities and invest back into the communities that support us. For example, we invest in South Australian infrastructure including Adelaide Airport and Flinders Ports. In the Northern Territory, we support indigenous football and for those members living in remote areas, our network of associated financial advisors can talk to members about their Statewide Super account, wherever they may be located.
Another example of our commitment to providing local, personalised service is our dedicated Super Hub in Adelaide and our Darwin office, where our friendly staff can answer all your super questions.
3. Our profit goes to our members, not shareholders
We exist solely for our members and are committed to each and every one of them. As an industry fund, profits go back to our members, not shareholders, meaning more money in your retirement savings.
This is in contrast to retail super funds who are usually run for a profit, by big banks or insurance companies, with the profit then returned as dividends to shareholders, not members.
This conflict means there is a risk that these funds may make decisions that are not in the best interests of their customers. Stories of this have been highlighted in the recent Financial Services Royal Commission.
All of Statewide Super’s investments are guided by expert investment management professionals who work hard to protect and maximise our members’ retirement savings.
4. We help keep your super payments simple
As an employer, we know that staff super contributions are just one item on your very long ‘to do’ list.
We decided to make super simpler with the introduction of QuickSuper – our online super payment solution.
QuickSuper allows you to make super payments to multiple super funds in just one transaction, saving you time. You can even track payments over time, and easily access important reporting information.
Best of all, it’s free and easy to use, and is a secure service that allows you to pay your super electronically, in-line with government legislation.
5. We provide real value to our employers
At Statewide Super, we’re dedicated to providing your business with real value, providing a range of unique offerings that are relevant to you and your business.
At the heart of our offering is a dedicated service team just for employers.
They’re on hand to answer your questions over the phone, online and in person – and you have the flexibility to visit us, or we can come out to you.
If your employees want to get up-to-speed on super, we offer tailored workplace education sessions, at no additional cost, to help your staff make the most of their super by learning about effective super strategies to build their wealth.
Our expert financial planners also undertake workplace visits, to provide your staff with one-on-one advice to help them meet their financial objectives.
We deliver annual employer events including payroll and HR training sessions and employer networking events, enabling you to hear from engaging guest speakers and Statewide Super leaders on fund developments and the investment landscape. Plus, we’ll keep you up-to-date and informed about your super obligations, fund developments and the investment landscape via regular email communication.