Australians unaware of super fund results

Australians remain largely unaware of their superannuation fund’s performance, with nearly half unsure of how their investments have fared, according to new research from MLC.

The study found that 45 per cent of Australians were unaware of their super fund’s investment performance, while 42 per cent were also unsure how their super was invested.

Super Fund Performance

The findings come as super funds release their 2026 financial year investment results and members begin receiving annual statements.

MLC is encouraging Australians to review both their fund’s long-term performance and whether their investment option still suits their circumstances.

The company’s modelling suggests that even modest differences in investment returns can compound over decades, resulting in significant differences in retirement savings.

Long-Term Implications

For example, a 30-year-old earning $100,000 a year could retire with more than $200,000 extra by age 67 if their super achieved an annual return of 8 per cent rather than 7 per cent over the same period.

According to Jenneke Mills, Head of Technical Services at MLC, members who overlook their super risk missing out on stronger long-term outcomes.

“Not knowing can be costly in retirement if you’re stuck in an underperforming fund,” she said.

“We know that retirement is a lifetime in the making, and having an extra $200,000 has the potential to make that retirement glorious.”

Assessing Fund Performance

Rather than focusing on a single year’s result, Mills said members should assess how their fund had performed over the medium and long term.

“It’s essential to remember that super is a long-term investment, so it’s worth looking at not only the last year but your fund’s mid and long-term performance as well,” she said.

As the research highlights a broader lack of understanding about how retirement savings are invested, Mills emphasized the importance of ensuring investment options reflect both risk appetite and time until retirement.

Members should consider speaking with their fund if they are unsure, as many funds, including MLC, offer advice on super as part of their membership.

The first step is to understand how your super is invested and consider if that is in line with your risk appetite, Mills said.

For instance, a younger member with a long investment horizon may be willing to take on more risk through a high growth approach, whereas an older member closer to retirement may want a more conservative approach to investing.

Furthermore, MLC’s MySuper Growth Portfolio achieved an average return of 9.9 per cent p.a. over three years to 30 June 2026, demonstrating the potential for long-term growth.

By taking an active role in understanding their superannuation, Australians can make informed decisions about their investment options and work towards achieving their retirement goals.

As Mills noted, speaking with your fund is a key step in gaining a better understanding of your superannuation and ensuring it aligns with your individual circumstances and risk tolerance.

At MLC, members can access advice on their super as part of their membership, providing them with the guidance and support needed to make the most of their retirement savings.

Ultimately, taking control of your superannuation and staying informed about its performance can have a significant impact on your long-term financial security and retirement outcomes.