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Progressive Superannuation Fund
Superannuation Plan
Jumps
FeaturesMembership
Forms and Contact Details
Member Investment Choice
Performance
Efficiency
A low coverall management charge results from control and integration of investment, custodial and Member administration. The Fund's Trustee does not outsource these services.
Clear-Cut Investment Options
Member Investment Choice is straightforward, flexible and cost-free.
Consistency
Progressive Superannuation Fund has maintained consistent investment objectives and strategies since 1998 with highly superior returns for Members - check the historical performance table.
Please Note: The information presented here is not personal advice - it does not take account of your personal objectives, financial situation or needs. Before acting on this advice you should consider whether it is appropriate to your own situation. We recommend you also consider obtaining independent financial advice before making investment decisions.
The Super Plan PDS contains information about Progressive Superannuation Plan and general information about superannuation.
Membership
You can join as a Personal Member, whether you are self-employed, an employee, or not employed.
Progressive Super Plan PDS and Application Form
Download and read Progressive's Super Plan PDS before filling in any forms.
Contact Progressive if you have any queries or need assistance.
Other Forms
Transfer AuthorityBeneficiary Nominations
Contributions Splitting Form
MIC Change Form
Contact Us
Mail: Level 4 131 Clarence Street
Sydney NSW 2000
Tel: (02) 9299 5843
Fax: (02) 9262 1064
e-Mail: super@progressive.com.au
Trustee
Progressive Pty Ltd (ABN 53 075 411 371 AFSL/ACL 235 191 RSE L0003100) is Trustee of the Fund and responsible for its management.
Member Investment Choice
Member Investment Choice (MIC) is flexible and simple.
- Two distinct investment strategies
- You choose the mix
- No switching fees
Blend Income and Growth Investment Strategies
Members can choose - in 10% increments - blended options represented respectively by Income and / or Growth investment strategies.
For example - Progressive's Balanced investment option is 30% Income / 70% Growth.
Refer to the Super Plan PDS for detailed information on Progressive's investment strategies.
Please Note: These investment options are not capital guaranteed and are subject to their respective investment risks which are outlined in the Super Plan PDS. This means that the value of an investment in them can rise or fall.
Switching of Investment Choice
Members can change Investment choice at any time except that investment choice in place at beginning of a month holds for the whole of that month.
When Members switch Investment Choice there is:
- No service charge.
- No Buy-Sell spread cost.
- No change in fees or charges.
Income Investment Strategy
The Income investment strategy is a low risk or defensive strategy for stable income to provide high levels of both:
- Security against short-term investment risk; and
- Assurance of positive annual returns over any year.
To attain these objectives the Income portfolio holds assets that characteristically produce a steady income and historically have shown low investment risk and volatility.
Growth Investment Strategy
The Growth investment strategy is for significant growth over the medium to long term. Investment can be listed Australian and International Equities and Property Trusts - direct or via collective investments.
A strong portfolio weighting in favour of the ASX 50 Leaders has been held since 1998.
The Growth strategy can be expected to experience short-term fluctuations in returns and have the significant possibility of negative returns in a given year.
Performance
Progressive Super's distinct and consistent Income and Growth investment strategies have produced highly superior returns to Members since 1998.
Annualised earning rates for 3 different Investment Options are shown in the table below. These performances are consistent with the objectives and investment strategies of the Fund.
| Option | Income | Growth | Balanced |
|---|---|---|---|
| Period | Earning Rate | Earning Rate | Earning Rate |
| 13 years to 31 December 2011 | 5.27 % pa | 6.78 % pa | 6.46 % pa |
| 10 years to 31 December 2011 | 5.33 % pa | 6.79 % pa | 6.48 % pa |
| 7 years to 31 December 2011 | 5.36 % pa | 5.35 % pa | 5.52 % pa |
| 5 years to 31 December 2011 | 5.38 % pa | 0.34 % pa | 2.01 % pa |
| 3 years to 31 December 2011 | 5.31 % pa | 7.89 % pa | 7.27 % pa |
| 1 year to 31 December 2011 | 5.14 % pa | -7.28 % pa | -3.62 % pa |
Member earnings are the after tax investment income less the coverall management charge - there are no contributions fees deducted nor any other fees or charges against Members' benefits.
Please note: Past performance is not a guarantee for future performance.
For further information download the Progressive Superannuation Fund Super Plan Product Disclosure Statement.
Super Plan PDS & Application Form
Other Forms
Transfer Authority Beneficiary NominationsContributions Splitting Form
MIC Change Form