What you need to do

All Verve Super members will be moved to the Gender Equity Australian Shares and Sustainable Moderate options. Your balance will be split equally across these two options because we have identified that this mix closely resembles the risk profile of the previous Verve Super option. For more information on investment options, check out page 13-14 of the Notice.

The Gender Equity Australian Shares option applies Verve’s negative screens and applies a positive bias to companies which are leaders on gender equity in the workplace. The Sustainable Moderate option invests in a diversified range of asset classes, like shares, cash and bonds. This helps diversify what your super is invested in.

Our investments are still screened in the same way. We do not invest in publicly listed companies with all male boards, fossil fuel companies, tobacco companies, weapons companies and other industries that we believe harm the planet and people. Find out more about our screens and how they work here.

No, the old option is closing. But the new options are designed to offer members more variety and lower admin fees, all while continuing to invest in line with our screens and our values. See page 13 of the Notice to view the new investment options!

To determine which of the new investment options it would be appropriate to switch members into, we considered the risk profile of the previous Verve Super option. The risk profile was assessed considering the Growth/Defensive asset allocation split.

In general, a higher allocation to growth assets is in line with a higher risk appetite and is often considered more appropriate for younger people; a greater allocation to defensive assets indicates a more conservative risk appetite and might be appropriate for someone close to retirement.

This is a very general way of considering risk, you should always think about your personal circumstances and if you’re unsure seek professional financial advice. After these changes are implemented, we’ll be able to offer you professional financial advice through your super and our advisers will be able to help with this kind of stuff! We’ll be in touch with all those details via email.

Having multiple options in Verve Super now means that members have more choice in how they cater their selection of options to their risk appetite.

No, all Verve Super members will be moved into a 50/50 split investment in the Gender Equity Australian Shares and Sustainable Moderate options. However, from 3 June (after the limited service period) you can log into your member portal and browse the options that are available and choose whatever option or options you prefer!

1. Email your employer

Verve Super will have new fund details after 23 May 2025. You’ll have to pass on these new details to your employer if you receive super contributions from your workplace. Here's a draft email you can send them.

2. Take note of the limited service period:

While we implement these changes, there’ll be a limited service period between 23 May 2025 and 2 June 2025.

Between these dates, you won’t be able to switch investment options, make insurance changes, update your details or make contributions or withdrawals. If a contribution is paid to your account during this period, it will still be received and will be added to your account after 2 June 2025.

Nope, Verve Super isn’t going anywhere. We’re making this change behind the scenes to leverage increased scale and pass on the cost benefits to our members. This change will mean an overall fee cut for members, access to financial advice through the fund and a wider range of investment options, including more growth options!

Our values remain the same, we’re still a super fund founded for women and gender diverse people, and we remain committed to investing for a future worth retiring into. Our screening approach isn’t changing either, we don’t invest in publicly listed companies with all male boards, fossil fuel companies, weapons companies or tobacco companies and never will. Find out more about our ethics and approach to screening.

Read more about how the changes benefit members here: www.vervesuper.com.au/service-update-faq

Your balance will be split evenly between the Gender Equity Australian Shares and Sustainable Moderate investment options. Once the transfer has been completed and the limited service period is over, you can view the new menu of investment options and switch investment options through your member portal.

Verve Super’s Unique Superannuation Identifier (USI) number is changing. If you receive superannuation payments from your employer, you’ll have to update them to let them know the new USI. Here's an email template you can send them.

You’ll benefit from an admin fee cut and you’ll have access to professional financial advice through your super.

From 24 May 2025 you will be able to book in with our Verve Super financial coaching team, who can help you with your investment choices and options, your insurance with Verve Super, contribution opportunities, including salary sacrifice and retirement planning.

We'll send you more information on how to book in after that date!

If you want advice about these changes and how they may affect you before this date, it’s important to do your own research and consider things like fees, investment performance, insurance cover, your risk profile, and your alignment with Verve Super's values when considering if Verve Super appropriate for you. Consider getting in touch with an external professional adviser if you need some help determining if Verve Super lines up with your financial needs.

This is just a regulatory formality. Because we are transferring the fund from the Future Super Fund to the Smart Future Trust we need to send you an Exit Letter for the Future Super Fund and a Welcome Letter for the Smart Future Trust. No action is required from you for your balance to be moved across to the Smart Future Trust, but your Welcome Letter will contain instructions to update your employer to make sure you continue getting super contributions paid to the fund.

In the next few weeks, we’ll send you a video with more information on the new investment options.

In May, we’ll remind you of the limited service period and following the transfer, you’ll also receive an Exit Letter from the Future Super Fund and Welcome Letter to the Smart Future Trust (the new fund behind Verve Super) with your new account number. No action is required from these – they’re just an FYI that the transfer is complete.

A Successor Fund Transfer (SFT) is the direct transfer of members (and their respective assets) to an alternate super fund (the successor fund), on the basis that the member will have “equivalent rights”, which ensures that the benefits and rights of members being transferred to a successor fund are at least equivalent to those they had in the original fund.

The transfer is completed by the trustees of the original fund and the successor fund on behalf of the members. Both trustees are required by legislation to ensure that the transfer is in the best interests of members and that the members’ rights in the receiving fund are reasonably equivalent. The trustees are also required to consider whether this transfer will be in your best financial interests. For this SFT the trustee of both funds is Equity Trustee Superannuation Limited (ETSL/the trustee). This involved looking at what member services and product features are offered now and making every effort to match it up with a similar or better offering. The trustee is satisfied that the transfer to Smart Future Trust will provide equivalent rights in respect of the transferred benefits and that the transfer is in the best financial interests of the transferring members. Learn more here: www.apra.gov.au/apra-explains-successor-fund-transfers-superannuation

Behind the scenes, your super is invested through a “fund” or a “trust” - it’s the investment structure that allows super funds to invest on behalf of members at the same time, and across multiple investment options.

These underlying investment structures are highly regulated – because your retirement savings deserve to be kept safe! They are also overseen by a trustee, the entity responsible for making sure the fund complies with all regulations and behaves in the best interests of members.

The Smart Future Trust is the name of the investment structure the investment manager will now be investing through. In the past, the investment manager invested through the Future Super Fund.