2008 Members’ Annual Report here now

Your Annual Statement and Members’ Report were mailed to you in early October.

The report provides important information on CONNECT, our investments, short-term and long-term super performance and the financial summary for the 2007/08 financial year.

Crediting rates to 30 June

	5 year average	2007/08
Growth option	10.40%	-10.96%
Balanced option	9.51%	-5.79%
Capital Stable option	6.44%	-0.26%

While these negative results for the 2007/08 financial year are disappointing, it’s important to be aware that they are the result of world investment market conditions and either in line or well ahead of performance across the industry. When evaluating your super strategy look at the 3 and 5 year returns. Our 5 year returns of 10.4% for Growth, 9.51% for Balanced and 6.44% for Capital Stable are strong and compare favourably to the market.

CONNECT performance ahead of the market

CONNECT’s performance is either in line with or ahead of the market according to industry ratings group SuperRatings.

• CONNECT’s Growth Option returned –11.0%, compared with the market median of –14.1%. This puts CONNECT’s performance in the top quartile (i.e. the top 25%) compared to other super funds offering a growth option.
• CONNECT’s Balanced Option returned –5.8%, compared with the market median of –7.5% for all balanced funds. We were very close to the top quartile result of –5.3%.
• CONNECT’s Capital Stable Option returned –0.3% which is exactly the same as the market median result.

And industry funds like ours outperform retail funds. According to SuperRatings, the median return posted by retail funds for 2007/08 was –9.84%.

Click here to read the 2008 Members’ Annual Report.