A letter from Dave Woodall, CEO Superannuation

Thank you for your continued partnership and the important role you play in supporting your employees’ financial wellbeing. This stage of the year is a natural point to reflect on the progress made—both for your organisation and your employees—and to consider how best to support employees as they prepare for what’s ahead.

Looking forward, there continues to be a strong focus on what’s next for employers, with the transition to Payday Super on the horizon alongside ongoing change across the economic and investment landscape. We know these shifts bring both complexity and opportunity, and we’re committed to supporting you with practical guidance, tools and insights to help you and your employees stay informed and prepared.
 

Your employees’ super is working hard towards a glorious retirement

I’m pleased to share that members who invested in the MLC MySuper Growth Portfolio would have seen their retirement savings grow by 8.2% in the year to 31 March 2026. Over the three years to 31 March 2026, returns averaged a strong 8.3% per year, and over the five years to that same date, they averaged 7.0% per year.

These returns were supported by growth in Australian and global companies, with additional support from essential infrastructure investments such as energy, transport and communications assets.

Together, this mix helps your employees’ super work through different market conditions while staying focused on longer term outcomes.

You can read MLC’s investment performance update to learn more.
 

Helping employees make the most of EOFY

As we approach the end of the financial year (EOFY), it’s an important time for many Australians to review their super and take advantage of opportunities to strengthen their long term financial position. EOFY is a key point in the super calendar, with contribution limits resetting and any final contributions needing to be made before 30 June to count for the current year. For those in a position to do so, making additional contributions can help boost retirement savings and may also offer tax advantages, particularly given the concessional tax environment within super.

To support your employees during this period, we’ve prepared a practical EOFY article outlining some simple steps they can consider as they review their super and get ready for the year ahead.
 

Payday Super: preparing for implementation

With the commencement of Payday Super from 1 July now near, we’re seeing many employers shift their focus from understanding the change to putting preparations into practice.

Encouragingly, many employers are already well progressed, with a clear focus on reviewing payroll processes, validating employee data and ensuring systems are ready to support more frequent super contributions. As we move closer to go live, these final steps will be key. With reduced processing timeframes under Payday Super, having accurate and complete contribution data will be increasingly important to help avoid delays or rework.

We’ll continue to support you through this transition with practical tools, resources and guidance, helping you move to the new requirements with confidence. Check out our dedicated Payday Super hub.
 

How we’re navigating today’s market environment

As we approach the end of the financial year, our investment experts are continuing to monitor a dynamic global environment. Our Senior Economist, Bob Cunneen, notes that markets have shown resilience in recent months, with global shares recovering strongly on the back of robust US corporate earnings and ongoing investment in areas like artificial intelligence—although inflation pressures and geopolitical risks, particularly in energy markets, remain key watchpoints.

At the same time, our Chief Investment Officer, Dan Farmer, highlights that this more volatile and less concentrated market environment may present renewed opportunities for active investment strategies, as skilled managers are better positioned to navigate stock specific opportunities and manage risks associated with market concentration. You can read more insights in Bob’s Economic and market update and A note from Dan.

Thank you again for your continued partnership as we navigate this important period of change and support better outcomes for your employees.

Warm regards,
Dave Woodall
CEO, Superannuation