Superannuation

PROGRESSIVE SUPER

Super Plan


Fund Features
Membership
Forms and Contact details
Member Investment Choice
Blend Income and Growth Investment Strategies
Switching of Investment Choice
Income Investment Strategy
Growth Investment Strategy
Performance


On 1 May 2015, Progressive Super member accounts transferred to AustralianSuper under a Successor Fund Transfer.

For more information, please visit AustralianSuper’s website.

Fund Features

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.

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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.

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Forms

Transfer Authority
Beneficiary Nomination Form
Contribution Splitting Form
MIC Change Form
Super Plan PDS Incorporation by Reference Material

 

Contact Progressive Super

MailLevel 4
131 Clarence Street
Sydney NSW 2000
Tel(02) 9299 5843
Fax(02) 9262 1064
Emailsuper@progressive.com.au

Trustee

Progressive Pty Ltd (ABN 53 075 411 371) is Trustee of the Fund and responsible for its management.

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Member Investment Choice

Member Investment Choice (MIC) is flexible and simple.

  • Two distinct investment strategies
  • You choose the mix
  • No switching fees

 

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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.
 

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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.

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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.
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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.

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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.

OptionIncomeGrowthBalanced
Period ending 31 March 2015Earning RateEarning RateEarning Rate
16 years5.03 % pa7.89 % pa7.15 % pa
15 years5.11 % pa9.36 % pa8.20 % pa
14 years5.00 % pa9.36 % pa8.16 % pa
13 years4.95 % pa8.62 % pa7.64 % pa
12 years 5.00 % pa10.12 % pa8.70 % pa
10 years 4.93 % pa8.37 % pa7.47 % pa
7 years4.74 % pa6.92 % pa6.42 % pa
5 years4.47 % pa7.95 % pa7.00 % pa
3 years4.00 % pa13.65 % pa10.77 % pa
1 year3.10 % pa14.48 % pa11.05 % 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 PDS.

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