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Vision Super superannuation fund logo - Australian super fund provider

Vision Super Review: Fees, Performance & Key Features

Industry
Reviewed by CompareFair Research Team
ยท
Updated March 2026
ยทData verified March 2026
Visit WebsiteCompare Super Funds

Overview

The Vision Super Story

  • ๐Ÿค Founding Purpose Founded in 1947, Vision Super was created to serve local government employees in Victoria. For over 75 years, the fund has remained true to its purpose: providing a secure financial future for its members.

  • ๐Ÿ“ Headquarters The fund is headquartered in Melbourne, Australia. From this base, Vision Super manages the superannuation of its members, helping them navigate their retirement journey.

  • ๐Ÿ‘ฅ Key Member Fact Vision Super continues to serve its original members while expanding its reach to all Australians. It remains a leader in serving local government and water industry employees.

  • โœจ Core Ethos As an industry super fund, Vision Super's core mission is to act in the best interests of its members. The fund is dedicated to providing strong long-term returns and excellent service to help members achieve a comfortable retirement.

Key Strengths & Considerations

Strengths

  • Fees well below the industry median at $346 per year on a $50,000 balance
  • Over 75 years of experience managing retirement savings since 1947
  • Solid five-year investment return of 8.69% on the default Balanced Growth option
  • Profit-for-member structure with no external shareholders
  • Eligible members may receive a Retirement bonus on qualifying investment options

Considerations

  • Smaller fund size of $29 billion may limit scale advantages compared to larger peers
  • No dedicated ethical or sustainable investment option, though ESG factors are integrated across all options
  • Historically focused on the local government sector, which may mean less brand recognition outside that industry
๐Ÿ’ฐ

Assets Under Management

$29 Billion

๐Ÿ‘ฅ

Total Members

165,000 Members

๐ŸŒฑ

ESG Options

Ethical Options

๐Ÿ’ธ

Est. Annual Fee

$346 on $50k

Investment Approach

Vision Super's default Balanced Growth option targets approximately a 77/23 growth-to-defensive asset allocation. The portfolio is diversified across Australian equities, international equities, infrastructure, property, alternative debt, diversified bonds, and cash. The fund integrates environmental, social and governance considerations into its investment decision-making and applies a carbon budget framework to directly held listed equities.

Fees in Context

At an estimated $346 per year on a $50,000 balance, Vision Super sits well below the industry median of $467. The fund's fee structure combines a flat administration fee of $66.04 per year with a percentage-based component of 0.14%, plus investment fees of 0.36%. This competitive pricing reflects the fund's focus on keeping costs low so more money remains invested for members.

Who Should Consider Vision Super

Vision Super suits members looking for a low-cost industry fund with a long track record and diversified investment approach. It is particularly well-suited for workers in Victorian local government and community organisations, as well as cost-conscious members who value competitive fees and a profit-for-member structure over retail fund alternatives.

Performance Chart

Default Option as at 30 June 2025

1 Year+10.1%
3 Year+9.82%
5 Year+8.69%
10 Year+7.72%

Fees Breakdown

  • Admin Fee: 0.14% + $66 per year
  • Investment Fee: 0.42%

Fee Calculator

$
Est. Total Annual Fee: $346

Option Performance - Returns as at 28 February 2026

Option Name โ†‘1 Year โ†•๏ธ3 Year โ†•๏ธ5 Year โ†•๏ธ10 Year โ†•๏ธ
Australian Equities+10.32%+10.21%+10.02%+10.43%
Balanced+7.25%+7.53%+5.98%+7.06%
Balanced Growth+9.54%+9.91%+7.97%+8.57%
Balanced Low Cost+9.69%+10.40%+7.97%N/A
Cash+3.44%+3.76%+2.58%+2.05%
Conservative+5.18%+5.46%+4.32%+4.98%
Diversified Bonds+2.78%+2.64%-0.02%+1.61%
Growth+10.89%+11.29%+9.33%+10.11%
Innovation & Disruption-10.88%+13.52%-0.82%N/A
International Equities+11.13%+17.72%+11.38%+13.09%
Just Shares+10.33%+14.14%+10.98%+12.14%

Frequently Asked Questions About Vision Super

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All performance and fee data shown is based on the fund's MySuper default option, unless stated otherwise. Data may be incorrect - please refer to the fund directly to ensure accuracy.