Vision Super is first off the mark to send contributions in the SuperStream format.
Vision Super has worked with two of its employers to finish off the initial testing of SuperStream with the Australian Taxation Office (ATO).
The fund announced Hansen Technologies was the first employer to use the new standard, and said both companies in the testing are running live with the SuperStream format.
"The experience of this first group highlights the benefits which SuperStream will bring with an end-to-end flow of data and payments from employers to super funds," the ATO said.
Vision Super was part of the first induction group working with the ATO to roll out SuperStream contributions through the new method.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.