Most of our RetireAccess members benefited from solid returns in 2023
January 30, 2024
We’re proud to have delivered solid returns for most of our RetireAccess investment options for the 12 months to 31 December 2023.
RetireAccess members in the Lifestyle Growth option benefited from double digit growth – with a return of 10.75% for the 12 months ending 31 December 2023.
Meanwhile, members in our other Lifestyle investment options have also benefits from solid returns, see the full table of returns below.
TelstraSuper CEO Chris Davies said that while super is a long-term investment, the TelstraSuper team are pleased with the results – especially given the high level of market uncertainty during the period.
“Our investment team remains focussed on getting the best possible outcomes for members,” said Mr Davies. “We’re honoured to manage our members’ retirement savings and proud to have served them so well over the last 12 months.”
TelstraSuper currently manages around $24 billion on behalf of members and is open for anyone to join.
Annualised investment returns to 31 December 2023
|
Option |
12 month return |
|
High Growth |
- |
| Australian shares | 15.14% |
| Cash | 4.27% |
| Diversified Bonds and Credit | 7.02% |
| International shares | 19.11% |
| Lifestyle Balanced | 9.53% |
| Lifestyle Conservative | 5.84% |
| Lifestyle Growth | 10.75% |
| Lifestyle Moderate | 8.43% |
| Property | -6.07% |
These returns do not apply to TelstraSuper accumulation and TTR income stream members. The TelstraSuper RetireAccess investment returns are net of indirect investment costs but before the deduction of any applicable indirect administration cost, administration fee or rebate.
Past performance is not a reliable indicator of future performance.
Any general advice in this article has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice in this article, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement which is available on the website or by calling 1300 033 166. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.