1 minute read
superannuation related
from Newsmonth#6 2023
by IEU NSW/ACT
When was NGS established and why is it important that unions and employers work together to ensure dignified retirements?
NGS Super was established 35 years ago, in 1988, to provide super to teachers in non-government schools and employees in community organisations. From humble beginnings, we’ve grown to a fund that supports 115,000 members, 17,000 employers and manages $14billion in funds under management.
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As an industry super fund, we’re run only to benefit members. All our profits go back to our members — everything we do is about helping our members prepare for their tomorrow and the retirement that lies ahead.
Most of us look forward to a retirement where we have the time to relax, pursue hobbies and interests or travel. But a comfortable retirement doesn’t just appear out of nowhere. Building super throughout your work life is important. I always encourage people to understand and learn about their super, so they feel confident that when they get to retirement it will be the one they dreamed of.
This is where employers, unions and super funds can work together. Building strong relationships that give employees access to specialists who can help them when they have questions, and to education and resources that make it easier for them to make decisions. That personalised service and support which we’re proud to offer at NGS is invaluable in getting the right start with super – which leads to better outcomes in retirement.
What are the key features of NGS that set it apart from other funds?
With 35 years’ experience supporting the education sector, NGS has a deep understanding of the unique circumstances and needs of teachers. This underpins our commitment to offer products and services that deliver value to members.
It’s important to us to offer low fees, award winning insurance and strong long-term performance. We’re also proud to support our members with personalised service through our super specialists who are available online or over the phone or through face-to-face sessions. We try to make it as easy as possible for people to get the help and support they need around their super, in the way and time that suits them best.
Our focus on sustainability is another thing that sets us apart from other funds. Two years ago, we set the ambitious target to transition to a carbon-neutral portfolio by 2030 – 20 years ahead of most other funds. We believe this is the best action to take for our members and for our planet. And we’re tracking well. We’ve just released an update which shows the carbon