Following our merger with Energy Super in July 2021, we are taking the opportunity to harmonise and enhance the way we report on daily investment values for Accumulation and Pension accounts.
From 13 June 2022, we are publishing the daily unit price for each investment option, replacing our previous daily earning rates. We will continue to publish earning rates for financial year to date, and one, three, five and ten years.
The daily earning rates are calculated as the percentage movement in the daily unit prices. Changing to daily unit prices increases transparency and can make it easier for members to see the investment value of their super on a given day.
Daily unit prices for all investment options will be applied on our website at brightersuper.com.au/performance.
Changing to daily unit prices will not affect our members’ account balances.
This change can provide the following benefits to our members:
Each investment option is made up of units. A unit price represents the value of each unit.
When you invest your super in an investment option, you are buying units. Each day, the unit price will increase or decrease, depending on the investment performance of the assets underlying the investment option.
We will publish the daily unit price for each investment option on our website every weekday (excluding public holidays) at brightersuper.com.au/performance.
We deduct any relevant fees, costs and taxes before publishing the unit price.
For Accumulation and Pension accounts, all historical earning rates will be converted to unit prices, which will give you consistent data if you need to track the past performance of your super.
For any given day, we have historically reported earning rates with the previous day’s closing rates, which has been confusing to members.
Therefore, in moving from earning rates to unit prices we are taking the opportunity of changing the effective date of our daily valuations.
Under our new unit pricing policy, if you request an investment switch, the effective date of the switch will be the same date of the request if received prior to 3.00 pm AEST. This is consistent with the change to effective date for our unit prices.
We are making these changes to increase transparency, so it is clear that your investment switches are valued at the market levels you expect. Our aim is to make our reporting clearer and easier for you to use.
This change to the date format will not affect your account balance.
All historical earning rates will be converted to unit prices, which will give you consistent data if you need to track the past performance of your super.
The daily unit price multiplied by the number of units you hold in an investment option will give you the value of your super.
For example, if an investment option’s daily unit price is $1.25, and you hold 80,000 units in that option, then your account balance will be $100,000.
If you are a Brighter Super member, you can view your account balance in Member Online at any time. Your account balance is displayed in both dollars and units.
Using our investment philosophy, we aim to protect and grow your super.
Find out how our range of different investment options is performing.
Changing how your super is invested is simple, and comes at no cost.