MTAA Super was established in 1989, four years after the National Wage Case that secured a 3 per cent employer superannuation contribution to be paid into an industry fund.
Back then, few Australians had super. Those who did were mainly whitecollar public servants or high-paid managers from the private sector.
Three decades later, most Australians have accumulated retirement savings throughout their working lives. In fact, as at September 2018, there was over $2.8 trillion dollars invested in Australian super funds — more than double the national GDP.
Today, super doesn’t just shape the retirement of Australians, it shapes many aspects of our everyday lives.
As one of Australia’s leading super funds, we’re proud to support the future of everyday Australians. Low fees and costs, advice to suit your needs, flexible investment options, motoring spirit. We put members first — always.
We’d like to thank all our members and employers for your support and loyalty over the last 30 years. We look forward to supporting you for many more.
“A major achievement for MTAA Super has been our ability to keep costs competitive. We’ve built a robust and resilient fund through strong governance and risk management, and a proactive compliance regime. This all adds up to better outcomes for our members” - John Brumby, Chairman
“Our driving philosophy has always been ‘members first’. That means if we see an issue, we’ll address it. If we make a mistake, we’ll own it and fix it. If we find a better way to do things, we’ll embrace it. Everything we do is to help our members save for a secure and dignified retirement.
That will never change.” - Leeanne Turner, CEO
MTAA Super is established
MTAA Super's membership rises by 23 per cent. We become the 7th largest industry fund with 135,000 members.
We become a 'public offer' fund and are now available to workers outside the auto industry.
MTAA Super grows to 175,452 members with $192m funds under management.
We are one of the first industry funds to introduce My Choice investment options.
We team up with Lifeline Australia to launch the readthesigns program aimed at reducing the impact of mental illness and suicide in the industry.
MTAA Super was named Fund of the Year, the highest accolade from the independent ratings agency SuperRatings.
MTAA Super is one of the first industry funds to launch a pension product.
The Global Financial Crisis (GFC) hits. Markets suffer the worst downturn since the Great Depression. Australian share markets decline by 12.6 per cent. Developed markets around the world fall by an average of 18 per cent.
MTAA Super wins Selecting Super's 2008 Fund of the Year. Our Balanced investment option is ranked #1 by SuperRatings for the previous ten, seven, five and three years (as at end of june 2008).
The effects of the GFC hit the Fund and we record our worst investment returns on record. In response, we embark on a regime of change. We realign our asset allocations and become one of the first funds to adopt the "3x3x3" board model with equal representation from employers, members and independents.
Balanced and Growth investment options returns climb back above 10 per cent.
We launch the Pathways program to celebrate and promote the many and varied career paths in the auto industry.
MTAA Super wins three prestigious industry awards: Fund Executive of the Year, AIST Trustee of the Year, and AIST Super Investment Award for Excellence. We become My AutoSuper authorised and have over 265,000 members and $7.5b funds under management.
MTAA Super wins Medium Fund of the Year at the 2015 Conexus Financial Superannuation Awards.
We launch a bold new brand identity to better represent our diverse member base and embrace a new vision to be "Australia's most inspiring super fund."
MTAA Super wins Medium Fund of the Year for a second time at the 2017 Conexus Financial Superannuation Awards. We sponsor Sol Invictus, the Australian National University's car entered in the World Solar Challenge.
We launch the MTAA Super app and roll out expanded education and advice teams across the country. We launch two new insurance claims support services - tele‑claims and claims tracker. We team up with suicide prevention charity RUOK? to launch the "It takes a real workmate to ask RUOK?" campaign.
MTAA Super grows to more than $12b funds under management. We enter a Memorandum of Understanding with Tasplan to investigate a possible merger. If successful, it will create a national super fund with more than $22b funds under management and 328,000 members.