Retail or industry super fund? What’s the difference?

Mar 07, 2023

Super funds are 'super' confusing, we get it! Let us talk you through the difference between two different categories of super funds: industry super funds and retail super funds. These are two different categories of super funds that you can choose for your retirement savings. We know you're not about to retire any time soon, but it's compulsory to have a super fund when you get your first job and for the rest of your working life. Plus, who wouldn't want to have all the knowledge to set yourself up for a lifestyle of the rich and famous one day (if all goes to plan!).

Industry super funds
Let's start with industry super funds. These are profit-for-member organisations, which means profits are for the benefit of members (that's you!), not shareholders. Many of these funds were founded by unions or employer groups. 

Retail super funds
Moving on to retail super funds. Retail super funds are established by financial institutions, such as banks and other private companies. Retail super fund providers can outsource functions of the super fund to related companies, which can have shareholders and aim to make a profit.

Both industry and retail super funds invest money in a variety of assets (things that can make you money), such as shares and property to grow members’ savings. Sounds pretty good to us! Remember, it's important to understand your super fund so you can be empowered to take control of your financial future.

To learn more about industry and retail super funds click here!

This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.
Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.