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Why You Should Snoop On Your Super Fund

Written by:

Michael Bones

6 February 2019

#Superannuation#Disruption#Ethical Investing

Nearly $10 of every $100 you earn is sent to a super fund, which invests it on your behalf. Unfortunately, the super industry makes it almost impossible to uncover the real-world companies that get access to your hard-earned savings.

SuperSnooper is a tool of discovery. It was created to help you find out if your super is exposed to morally bankrupt industries like fossil fuels, gambling and weapons. Because you deserve to know.

Help! I don’t want nasty super...

If you’re reading this, chances are you’ve just searched SuperSnooper and found out that your super fund is making some ethically-dubious investments on your behalf.

It’s OK to be cranky - it’s not your fault that super funds keep this stuff out of the spotlight. But now you know, there’s two main actions you can take.

1. Petition for change

Contact your current fund and give them a piece of your mind.

Send your current super fund an email, or give them a call. Ask if they’re investing your savings in the harmful industries identified by the SuperSnooper tool.

A few things to be aware of:

  • Super funds usually only release the largest 10 or 20 companies in their portfolio (but they’re investing your money, so you should ask questions and demand answers)

  • You can expect to wait at least 4-6 weeks for an email reply. But don’t let that stop you from reaching out.

  • Be nice to the customer service staff - they are just doing their job

Here’s a draft email you can modify and send to your fund.

Hi, I’m a member of your super fund. I recently discovered that my super could be supporting harmful industries like fossil fuels, gambling and weapons.

Can you please provide me with a comprehensive list of the companies you’re investing my super in, and tell me why my super is exposed to harmful industries?

As someone who cares deeply about a more sustainable and fair future, I would like to know by what process you incorporate ethical considerations into your investment decisions.

Kind regards,

Your name

2. Switch to an ethical super fund like Future Super

Future Super believes super can create a more just, sustainable and prosperous future for everyone.

That’s why we don’t invest in fossil fuels, factory farming or weapons. Instead, we look for the growth industries of the future such as renewable energy, healthcare and clean technology.

Since 2014, we’ve been providing award-winning service to Aussies who want real super with real ethics. You’ll always have access to a full list of the investments we make on your behalf.

We invite you to join our community of over 12,000 ordinary Australians taking ethical super into their own hands.

Learn more and join Future Super in 5 minutes

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