Coronavirus and Your Super

There’s a lot going on: concerns about coronavirus, market volatility, "panic buying" and US politics.

What kind of impact could this have on your super?

Market volatility

  • It’s normal for financial markets to move in cycles and negative returns happen from time to time.  Superannuation is a long-term investment and generally speaking, what occurs in today’s market is not likely to have a significant impact on your super investments over the longer term (i.e. more than six years).
  • Keep in mind that financial markets have performed very well in recent years. Pull backs are inevitable and that is what we are seeing now.
  • The amount you have in ‘growth’ assets (shares and property) and ‘income’ assets (fixed interest and cash) will determine how much volatility you experience.
  • The purpose of superannuation is to accumulate enough wealth for a comfortable retirement. A long-term focus is essential to staying on track to achieving your retirement goals.

How does volatility affect different asset classes?

Generally, cash and fixed interest are less volatile assets, and so are more stable in the short-term but you may not receive higher returns in the long-term.

Property and shares are more volatile so may experience greater volatility in the short-term but generally provide higher returns in the long-term

Who can I talk to?

For general information, we encourage you to call the GuildSuper helpline on 1300 361 477. Please note though that Helpline staff are not authorised to provide you with personal financial advice and cannot consider your individual circumstances.  

However, we understand that making a decision about super can be complex – particularly during complex times like these.

As a GuildSuper member you can speak with an adviser about your GuildSuper account at no additional cost - and this help is just a phone call away.

We also understand that you may have financial goals and concerns outside of super – such as saving for your first home.  If you need personal advice, as a member of the Fund, you have access to a team of financial advisers who can provide comprehensive advice to you over the phone or face-to-face for an agreed fee*.

* Currently provided by Mercer Financial Advice (Australia) Pty Ltd, under their Australian Financial Services Licence (AFSL). ABN 76 153 168 293 AFS Licence No. 411766

This news item contains general information only. It does not take into account your objectives, financial situation or needs. Before acting on any information you should consider its appropriateness having regard to your objectives, financial situation and needs. Prior to making a decision in relation to any financial product you should consider the relevant Product Disclosure Statement (PDS). You can get a copy of the GuildSuper PDS by calling 1300 361 477. Guild Trustee Services Pty Limited ABN 84 068 826 728 AFS Licence No. 233815 RSE Licence No. L0000611 as Trustee of the Guild Retirement Fund ABN 22 599 554 834 (which includes GuildSuper and Child Care Super)