Future Super
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| Company type | Retail Superannuation Fund, for-profit |
|---|---|
| Industry | Superannuation |
| Founded | 2014 |
| Headquarters | , Australia |
Area served | Australia |
Key people |
|
| Total assets | $A1 Billion (2020)[1] |
| Website | www |
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.[2] Established in 2014, Future Super services over 36,000 members Australia-wide and has over $1 Billion in funds under management.[3]
As a retail super fund, Future Super is a for-profit fund with a multi-layered corporate setup. Future Superannuation Group Pty Ltd is the owner of Responsible Investment Services Pty Ltd (RIS).[4]
History
The Fund was set up by a group of activists headed by former head of GetUp, Simon Sheikh together with ethical investment expert Adam Verwey.[2] At 20 July 2019, the Fund has a pension fund, plus three superannuation investment options, all fossil-free and ethically driven. The three superannuation investment options are: Balanced Index, Renewables Plus Growth and Balanced Impact.[5] Future Super charges a management fee of between 0.785% and 1.5% (as of September 2023), with some options also including a flat fee.[6]