Printing Industry Superannuation Fund grows beyond $1 billion

A non-profit fund that offers superannuation benefits for printing and related industries, Print Super's recent introduction of its public offer vehicle 'mychoice' means it can now accept employees from all industries. Membership currently stands at 70,000 with 4,000 participating employers and its Challenge Plus fund hit a high return of 10.9 per cent in the six months to the end of 2004.

Chief executive officer Ross Martin claims that with the recent passing of the $1 billion mark, the organisation will be even better equipped to provide services to the Australian printing industry. “This level of assets will ensure that all members will be provided with a competitive array of benefits in the up-coming choice of fund environment,” says Martin. “We're very pleased with the growth rates of the fund, and there's lots of positive things happening that should further encourage that growth in the future.”

Providing another perspective, Philip Anderson, national director of Printing Industries and a memebr of the Print Super board was more than happy to recommend the services of the fund to local companies. “Achieving assets of $1 billion is a milestone in the performance of the industry's super fund. It has performed very well over a long period of time, and the last year in particular has delivered very strong returns to customers,” Anderson says.