Industry fund
Vision Super
Vision Super now includes the former Active Super membership. Its current products need to be read alongside the transfer notices, because the merger did not make every historical option or insurance arrangement identical.
THE OVERVIEW
About Vision Super
Active Super transferred into Vision Super on 1 March 2025. Vision's history is associated with Victorian local government, while Active brought a NSW local government membership.
Who can join
The fund has Super Saver and Personal products, plus existing defined benefit and retirement arrangements. Eligibility and insurance can differ by product.
THE SUPERGURU VIEW
Our take
Especially relevant for existing Vision or former Active members assessing their current arrangements and comparing alternatives.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE NUMBERS
Fees and investment returns
Use the product, investment option and employer plan on your statement. Lifecycle members need to choose the relevant stage. APRA's investment pathways may include closed options held by existing members.
| Measure | Vision MySuper |
|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | 9.16% |
| 5-year return, per year | 6.69% |
| 7-year return, per year | 7.59% |
| 10-year return, per year | 8.14% |
| APRA strategic growth allocation | 76.58% |
| Reported total fees, net of tax, at $50,000 | $305 a year (0.61%) |
| Administration and advice costs, net of tax (included in total) | $115 a year |
| 2026 performance test | Pass |
| New-member status at reporting date | Check the current product eligibility rules |
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
A CLOSER LOOK
Inside Vision Super
Accounts and products
Super Saver, Personal, pension and transition-to-retirement products, with existing defined benefit arrangements.
Investment choices
A range of diversified and single-asset choices. Some former Active products retain their own history and disclosures. Vision's Diversified Bonds option closed in June 2026, while the former Active Managed Cash option was consolidated in October 2025.
Insurance
The fund publishes separate insurance documents for Super Saver and Personal. Employment type, including casual employment, can affect the application process.
Retirement income
Pension and transition-to-retirement accounts are available. Existing lifetime or defined benefit pensions require their own scheme information.
Advice and support
Vision Super Financial Planners can help with super and pension questions. The tailored-advice schedule sets out which services carry a fee.
Fee details to check
Use the current PDS for your product, not an old Active Super cost estimate. Former Active members should check their transfer notice and current statement.
Comparing investment performance
Vision publishes separate performance information where needed for former Active options. Its notes distinguish super, transition-to-retirement and retirement pension returns because their tax treatment differs.
Features worth considering
Services for members with local government and public-service backgrounds.
Product documentation that identifies differences between former Active and Vision arrangements.
THE LEGAL FUND
Fund size in APRA's annual reporting
Local Authorities Superannuation Fund
At 30 June 2025. These are legal-fund totals, which can include several products and more than one account per person.
APRA annual fund-level statistics, June 2025. These older totals can differ substantially after mergers. Size is not a measure of suitability or investment quality.
Sources for Vision Super
Checked 2026-09-11. Documents and product terms can change after this date.