What is an Industry SuperFund?
Industry SuperFunds are multi-employer superannuation funds that usually cover employees in a particular industry or a group of industries. Many are also open to the general public. Industry super funds generally started in the 1980s following the inclusion of superannuation entitlements into industrial awards. Today, many industry super funds have large memberships. They are recognised as being run only to benefit members and paying no sales commissions. They generally charge low administration and investment management fees and no entry or exit fees. These funds have trustee boards with equal representation for employers and employees and continue to provide employers and employees with a low cost and portable superannuation option. Industry super funds include those featured throughout this website.
