6. Is there anything in it for me (besides preserving my planet)?
Research completed by the Responsible Investment Association of Australia, as well as by Oxford and Harvard universities in America, is now showing that historically well screened ethical funds have outperformed the market over the short, medium and long term. As investors and everyday Australians look to the future, many can see the writing on the wall when it comes to investing in industries like fossil fuels, gambling and tobacco. People are taking these risks seriously and looking for alternatives when it comes to long term investments, like superannuation.
7. How do I choose an ethical super fund that matches my values?
If you’re new to superannuation or ethical investing, this task might seem a little daunting. But it doesn’t have to be. Start by drawing up a list of industries and corporate practices that you want to see thrive in the future. Now, write a list of the industries and corporate practices which don’t belong in your vision for the future. This can also be a great activity to do as a family. Then review your lists against the negative and positive screens of different ethical funds.
Of course, it is important to take other factors into account such as fees, performance, risk profile, insurance and the alike, before you make your decision. If you’re unsure whether a particular super fund might suit your needs, I suggest you seek professional financial advice. Looking at longer term performance when it comes to ethical super funds is particularly important.
8. What kinds of projects and industries does Verve support?
Verve screens out industries that we consider unethical, such as fossil fuels, gambling, tobacco, weapons, and companies servicing off-shore detention facilities. Then we specifically look for investments that support women, our community and our planet. This includes investing in renewable energy projects and also microfinance to support women’s businesses.
9. How does Verve support women?
We support women in three key ways. Firstly, through our Verve Academy we offer courses, resources, events and learning opportunities. This also includes a wealth building squad of Support Coaches that our members can access as part of their membership - including a divorce coach, and a career coach.
Secondly, we tailor our product and fees for women. For instance, we provide a rebate of our fixed admin fee for members on parental leave (for up to 12 months) and we don’t charge a fixed admin fee for members with a low balance (under $5,000). Thirdly, we advocate for better retirement outcomes for women.
Verve Super are the All About Women 2021 Event Partner. If you’d like to learn more about Verve, visit their website.