Is Future fund a superannuation fund?
We are an intergenerational sovereign wealth fund, not a superannuation fund. We are designed to allow the Australian Government to save today to meet the costs of tomorrow.
Does future Super have good returns?
Our investment performance has been exceptionally strong – easily meeting our goal of being in the top quartile. Future Super’s Balanced Impact investment option – the first product we launched – has been in the top 10% of it’s ‘balanced fund’ peers over 5 years with a return of 6.68% p.a. (to June 30, 2020)**.
What kind of super fund is future super?
Australian retail superannuation fund
Future Super is an Australian retail superannuation fund that offers superannuation services, focusing on zero fossil fuel investment and on holistically ethical investment with an emphasis on clean energy projects.
Who does future Super invest in?
Future Super invests in a diversified range of assets – from impact assets like clean energy seed funds, to everyday companies you might recognise like Netflix and Telstra. We don’t expect every investment to change the world, but we do make all of our investments public so that you can see where your money goes.
Who owns Future Fund?
Future Fund
| Type | Government-owned corporation |
|---|---|
| Key people | Hon Peter Costello AC (chairman) Dr Raphael Arndt (CEO) Ms Sue Brake (CIO) Mr Gordon McKellar (COO) |
| Revenue | A$-1.10b (FY 2020) |
| Net income | A$-1.43b (FY 2020) |
| Total assets | A$162.28b (FY 2020) |
Is Future Fund still available?
The Future Fund scheme has now closed for new applicants. The online portal will remain open for Investee companies with legally completed CLAs to submit information and MI for portfolio monitoring purposes.
Is Future Fund still open?
The Future Fund scheme closed to new applicants on 31 January 2021. The online portal remains open for investee companies with legally completed convertible loan agreements (CLAs) to submit information.
How are super funds performing in 2022?
Super fund performance (results to 31 May 2022) The median Growth fund was steady with a return of 0.1%. Importantly, returns for all periods from one to 15 years remain overwhelmingly positive.
What will the Future Fund be used for?
The Future Fund is a financial asset fund, set up to strengthen the Commonwealth’s long-term financial position by making provision for unfunded superannuation liabilities that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth’s finances.
Why choose Chifley?
Since it’s establishment in 1991, Chifley had a founding vision to provide financial services that would better the lives of the working Australian. This vision was inspired by Australia’s 16 th Prime Minister and well regarded former Treasurer, Ben Chifley.
What is the history of Chifley?
Chifley is an organisation with unique origins and history. Since it’s establishment in 1991, Chifley had a founding vision to provide financial services that would better the lives of the working Australian. This vision was inspired by Australia’s 16 th Prime Minister and well regarded former Treasurer, Ben Chifley.
What is the Ben Chifley vision?
This vision was inspired by Australia’s 16 th Prime Minister and well regarded former Treasurer, Ben Chifley. Today Chifley meets this vision by delivering insurance products and services that are designed to protect the financial security of individuals and businesses.