Why is AustralianSuper seeing net outflows now?

Advisers are guiding some clients to platforms that combine advice, flexible portfolios, and retirement income features in one place. That convenience, plus detailed reporting, can outweigh higher headline fees for some members. The reported $250 million shift signals rising competition and a focus on fit-for-purpose retirement solutions in australian super.

Should I switch to an adviser platform for retirement?

It depends on your needs. Compare total costs, drawdown options, portfolio flexibility, and service. If you value ongoing advice and tailored reporting, a platform may suit. If you prefer lower fees and strong default options, an industry fund can work well. Ask for a documented, like-for-like comparison before deciding.

Will fees fall across super funds due to competition?

Competition often pressures fees and lifts features. Some funds may trim costs, improve retirement products, or enhance service to retain members. Outcomes will vary by fund and member segment. Focus on your total cost after all fees, what features you will use, and net performance over time rather than headline promises.

What should I check before moving my super balance?

Confirm insurance cover and continuity, compare all-in fees including advice, review investment options and risk, and check rollover timing and any tax considerations. Ask for a written comparison from your adviser or fund. Keep records of statements and IDs. Make sure the new option supports your retirement income plan.

Global Market Insights

AustralianSuper Today, February 5: First Net Outflows Since 2004

ByDanny Kontos February 5, 2026February 5, 2026

Australian super is in focus today after AustralianSuper reported its first net member outflows to rival funds since 2004. About $250 million switched over the past year as advisers directed clients to platforms. This shift matters for fees, product design, and retirement outcomes across Australia. We explain what is driving the movement, what it means for fund flows and investment mandates, and what members should check before switching. Our aim is to keep investors informed with clear, local context and practical steps.