Verve Super: Performance, features and fees

Verve Super is an ethical super fund designed by women for women and open to all Australians to join.

Verve Super is an ethical super fund created with Australian women in mind. It's the first super fund to only invest in companies that have at least one woman on the board.

Verve Super offers one investment option, Verve Super Balanced, which strives for strong long-term returns while excluding investments in industries such as fossil fuels, tobacco and live animal export.

Alison Banney

Last Updated Feb 4, 2021

12.85%

Past performance - 1 year

N/A

Past performance - 5 Years

$691.10

Annual fees on $50k balance

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Details

Product Name	Verve Super Balanced
Past performance - 5 Years	N/A
Annual admin fee	$93.60 + 0.775% of balance p.a.

Performance figures quoted on this page are correct to June 2021, according to Verve Super. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

Alison Banney

twitter linkedin

Alison Banney is the banking and investments editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

Key features of Verve Super

Created with women in mind. Verve Super only invests in companies with at least one woman on the board.
Financial support. Members can access financial coaching and support sessions. This can include superannuation coaching, but also divorce and separation, career coaching and negotiation and family financial planning.
Support for new parents. Verve Super offers fee rebates for new parents, and reduced admin fees for members with low account balances.
Ethical investment. The fund excludes investments in fossil fuels, tobacco, live animal export and other industries deemed harmful to the planet and our community. Instead, Verve Super actively invests in renewable energy, companies with mixed-gender boards, recycling and education.
One investment option. Verve Super Balanced is the one investment option offered by the fund. This product invests in a mix of growth and defensive assets.
Insurance is available. Death cover, death and total & permanent disability (TPD) cover, and income protection cover is available on an opt-in basis.

Verve Super investment options

Verve Super Balanced is the only investment option available with this fund.

	Verve Super Balanced
Risk level	High risk (level 6). This estimates between 4 and less than 6 negative annual returns over any 20-year period.
Suitable for	Investors who want a balanced investment mix of growth assets (such as shares) and defensive assets (such as fixed interest). This fund will also suit people wanting to invest their super more ethically.
Minimum suggested investment timeframe	4-6 years.
Target asset allocation	Australian shares: 32.5% International shares: 32.5% Fixed interest: 30% Cash: 5%
Industries that the fund avoids investments in	Exclusion of women from leadership Offshore detention, human and labour rights abuses Oil, coal, gas and other fossil fuels Gambling and tobacco Live animal export Armaments and militarism, nuclear and uranium and social harm (including weapons) Environmental destruction Harmful financing
Industries that the fund actively seeks investments in	Healthcare and education Social wellbeing Renewable energy Healthy food production and sustainable production Technology Community finance Recycling Efficient transport
Past performance	Past 1-year performance: 12.85% to June 2021. Verve Super's Balanced investment option commenced in November 2018.

Verve Super fees

Verve Super Balanced charges the following fees to members:

Admin fee: $93.60 + 0.775% of your balance per year

Indirect cost ratio, including investment fees: 0.42% of your balance per year (this includes an investment fee of 0.3%)

Total fees if your balance is $50,000: $691.10 for the year

If your account balance is lower than $5,000, you won't be charged the annual admin fee of $96.60. Members can also apply for the annual admin fee to be refunded for a period of up to 12 months after becoming a new parent.

How to join Verve Super

You can join Verve Super by completing the membership form on the fund's website. It'll take around 10-20 minutes, and you'll need to provide the following:

Your personal details, including your name, address, date of birth and contact information
Your Tax File Number (you do not have to give your super fund your TFN, but if your fund doesn't have your TFN, it won't be able to accept certain types of contributions from you and your benefit payments may be taxed at a higher rate than would otherwise apply)
Details of your current super fund, if you'd like to roll your super over into your new Verve Super account

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

Types

Employees

Employers

Providers

Verve Super: Performance, features and fees