Vision Super Review (2026) — Local Government Super Fund
This article provides general information only and does not constitute financial advice. For advice tailored to your situation, consult a licensed financial adviser. Learn more.
Contents
Vision Super is an industry superannuation fund with a focus on local government and community sector workers in Victoria. While it was established to serve Victorian local government employees, it has opened its membership to all Australians.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Industry (profit-to-members) |
| Sector focus | Local government, community sector |
| Primary base | Victoria |
| Membership | Open to all Australians |
| Regulator | APRA-regulated |
| Website | visionsuper.com.au |
Products
- Accumulation account — for active employees and choice members
- Defined benefit section — for eligible long-term local government members (older legacy arrangements)
Fees
Vision Super’s fees are competitive within the industry fund sector:
- Administration fee: Dollar-based weekly fee
- Investment management fees: Vary by option
For current fees, check the Vision Super PDS or the ATO YourSuper tool.
Investment Options
Vision Super offers:
- Balanced (default MySuper)
- Conservative Balanced
- Growth
- Equity Growth
- Cash
- Income Focused
- Sustainable / ESG options
Performance
Vision Super has a track record of competitive returns for its size. As with all super funds, check the ATO YourSuper comparison tool for current performance data across comparable options.
Insurance
Vision Super provides group insurance for eligible members:
- Death cover
- TPD cover
- Income protection (salary continuance)
Cover amounts and insurance terms depend on membership category.
Defined Benefit Members
Older Victorian local government workers may have entitlements in a defined benefit arrangement administered through Vision Super. These members should seek specialist advice before making any fund changes — switching funds may irrevocably forfeit defined benefit entitlements.
Who Vision Super Suits
- Victorian local government employees
- Community sector workers in Victoria
- General members seeking a competitive industry fund with an established track record
Frequently Asked Questions
Is Vision Super open to people outside the Victorian local government sector? Yes — Vision Super is open to all Australians as a choice fund, not just Victorian local government employees. Any employee can nominate Vision Super as their fund using a standard Choice of Fund form. The fund’s investment options, fee structure, and service levels apply equally to general members and local government sector members.
What is the defined benefit section of Vision Super? Vision Super administers legacy defined benefit arrangements for older Victorian local government employees (those employed before certain dates under state legislation). These defined benefit members have retirement entitlements calculated based on salary and years of service, not accumulated investment returns. Before making any fund change, defined benefit members must understand what they would be forfeiting — these entitlements can be very valuable and the decision to switch is generally irreversible.
Can defined benefit Vision Super members roll out to another fund? Yes — but this is almost always an irreversible decision that forfeits the defined benefit entitlement. Once you commute a defined benefit to a rollover amount, you cannot rejoin the defined benefit section. Specialist financial advice from an adviser with experience in Victorian local government super is essential before any rollout decision. The lump-sum rollover value may be significantly less than the present value of the ongoing defined benefit pension entitlement.
Has Vision Super passed the APRA performance test? Vision Super’s MySuper accumulation product is subject to APRA’s annual performance test. Check the ATO’s YourSuper comparison tool (ato.gov.au/yoursuper) for the current year’s result. The defined benefit section is assessed separately and under different frameworks. For accumulation members, the YourSuper tool provides a clear fee and performance comparison against other funds at your balance level.
What investment options does Vision Super offer? Vision Super offers a range of diversified investment options from conservative to high growth, plus single-sector options (cash, fixed income, property, shares). The default MySuper option is a lifecycle-style product that adjusts asset allocation as members age. Vision Super also offers a socially responsible investment option for members who want ESG integration. Specific options and fees are detailed in the Vision Super PDS available at visionsuper.com.au.
Is Vision Super likely to merge with a larger fund? The Australian super industry has seen significant consolidation, with APRA encouraging mergers of smaller funds. Vision Super has previously explored merger options. If a merger occurs, member account balances are protected — members would receive communications about the merger terms and any changes to products, fees, or investment options. APRA requires mergers to be in members’ best financial interests before approval.
For advice on Vision Super, particularly regarding defined benefit entitlements, speak with a licensed financial adviser via MoneySmart. For more: Super Fund Comparison Table, Defined Benefit Funds.