Active Super delivers over 23 percent annual return for High Growth members in record year

Sydney, 12 July 2021: Active Super has recorded its strongest-ever yearly performance by delivering returns of more than 23 percent for the 2020-21 financial year, despite economic headwinds and a global pandemic.

The Fund, formerly known as Local Government Super, reported record returns over a year for its High Growth, Balanced Growth and Balanced options in the Accumulation Scheme, the Retirement Scheme and the Account-Based Pension Plan.

In the Accumulation Scheme, High Growth returned 23.69 percent, in the Retirement Scheme High Growth provided 23.76 percent and in the Account-Based Pension Plan it was 26.96 percent.

“Global and domestic share markets have led the way, but we also had good returns from private equity, private credit, direct property and infrastructure,” says Craig Turnbull, Chief Investment Officer.

“The market clearly benefited from the record low interest rates and the government stimulus to keep the economy humming. Apart from our portfolio performing strongly, we also managed to successfully avoid areas that performed poorly.”

Chief Executive Phil Stockwell says the result is also due to the good work of active portfolio managers and the Active Super Investment Committee.

“These results show that we can adhere to our environmental, social and corporate governance (ESG) responsibilities while also delivering solid, long-term investment returns for our members,” Mr Stockwell says.

“This is a tremendous team effort and the best annual results recorded in the Fund’s 24-year history. We will remain on the lookout for opportunities as they present themselves in order to continue with our responsible investment approach and to deliver the best possible outcomes for our members.”

Past performance is not a reliable indicator of future performance.

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