pension

March investment update

Financial markets fell sharply in March as COVID-19 evolved into a global pandemic. Globally, governments and central banks adjusted monetary and fiscal policies, and governments released stimulus packages to help lessen the financial impact of the pandemic on individuals, businesses and the economy more broadly. 

Many people are concerned about the impact on their super and pension savings. We understand your concerns and our teams across the fund are working to support our members through these uncertain times. 

Support for retirees during coronavirus health emergency

The Federal Government has announced two measures to help retirees manage the impact of volatility in financial markets on their retirement savings.

Temporary reduction in minimum superannuation (pension account) drawdown requirements

The Government is temporarily reducing minimum drawdown requirements for account-based pensions (and similar products) by 50 per cent for 2019-20 and 2020-21 income years. 

February investment update - investing through the tough times

We are seeing continued volatility in financial markets as a result of the evolving coronavirus (COVID-19) global health emergency. Many people are concerned about the impact on their super and pension savings. We understand your concerns and our teams across the fund are working to support our members through these uncertain times. 

Investment update – the impact of Coronavirus

UPDATED 13 MARCH 2020

As countries take action to stop the spread of coronavirus (COVID-19), the uncertainty surrounding the global health emergency has seen very significant falls in share markets around the world. We expect the uncertainty and volatility to continue as the full extent of the disruption to supply chains, household consumption and company earnings is understood. 

Making new minimum payments easier for pension members

This financial year (2019-20), Pension and Transition to Retirement members will benefit from an easier and more accurate approach to managing their new minimum draw-down amounts.

In summary, members will have their minimum amount automatically adjusted after 6 July.

If pension members want to learn, or change, their new amount, they can log in, call the Helpline (1800 640 886) or fill in a form.

MARCH SEES STRONG RETURNS CONTINUE

As we head into the final quarter of the financial year, Media Super is continuing to perform strongly for our members.

The Balanced super and pension options – in which most of our members are invested – are ranked top five for the financial year and 12 months to 31 March 2019, according to SuperRatings.1 

Our other pre-mixed investment options – High Growth, Growth and Stable – are also performing well, with returns to 31 March predominantly in the top 25% of funds and well above the median returns.3

Federal Budget 2019: what it may mean for your super and retirement

The Morrison Government announced the 2019-20 Federal Budget on Tuesday 2 April, 2019.

The focus of this year’s Federal Budget was on personal tax cuts for low, middle and high income earners. The Government also announced several changes to superannuation aimed at helping older Australians who can afford to make additional contributions to superannuation.

Strong returns continue through February

Markets rebounded and stabilised in February and Media Super is continuing to perform strongly for our members. 

The Balanced super and pension options – in which most of our members are invested – are ranked second for the financial year and 12 months to 28 February 2019, according to SuperRatings.1 

YOUR INVESTMENT RETURNS

Our Balanced (MySuper) option returned 3.84%3 for the financial year to 28 February 2019, well ahead of the median return of 2.40%.1

Strong start to 2019

January saw markets recover somewhat from late 2018’s volatility.  Media Super’s portfolios benefited from this rebound and we are continuing to perform strongly for our members. 

The Balanced (MySuper) option – in which most of our members are invested – is ranked second for the financial year and third for the 12 months to 31 January 2019, according to SuperRatings.1 

Solid performance continues despite volatility

In a tough year for investing, where volatile share markets and global trade tensions impacted all superannuation funds’ returns, Media Super is continuing to perform comparatively well for our members. 

The Balanced (MySuper) option – in which most of our members are invested – is ranked second for the financial year and 12 months to 31 December 2018, according to SuperRatings.1 

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