What Ness Super does

Ness Super is an Australian industry superannuation fund established in 1987, operated by corporate trustee NESS Super Pty Limited (AFSL 238945) and headquartered in Chullora, New South Wales. The fund is purpose-built for the electrotechnology sector, serving approximately 13,000 members across electrical, telecommunications, automotive, construction, and mining trades, with more than $1.3 billion in funds under management. NESS operates on a profit-to-members basis, meaning operating surpluses are returned to members rather than paid to shareholders.

The product suite centres on a default MySuper accumulation account and an Account Based Pension, supported by eight investment options spanning balanced (NESS MySuper / MyPension Balanced), High Growth, Stable, My Income, Australian Shares, Overseas Shares, Property, and Cash. Insurance cover — Death, Terminal Illness, Total and Permanent Disablement, and Income Protection — is underwritten by Zurich Australia and includes a Dangerous Occupation Exception that secures automatic default cover for high-risk trade workers under 25 with balances under $6,000. Members access accounts via a dedicated member portal, iOS and Android mobile app, and an in-house financial planner; employers use the NESS Business Hub for contributions and onboarding, with the legacy EmployerAccess and SCH Online platforms deprecating ahead of the July 2026 Payday Super mandate.

Distribution is anchored to employer partnerships and designated default-fund status in electrical trades, reinforced by workplace visits, toolbox talks, training centre engagements (e.g., Superior Training Centre), and digital channels. The fund reports FY2025 returns of 10.78% for MySuper and 12.09% for MyPension Balanced, has held the SuperRatings Platinum rating for three consecutive years (2024-2026), and passed the APRA MySuper performance test for 2022/23. Revenue is generated through management and administration fees on FUM, supplemented by insurance-related fees channelled through Zurich.

Name

Ness Super

Legal name

NESS Super Pty Limited

Website

https://nesssuper.com.au

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Ness Super is an Australian industry superannuation fund serving approximately 13,000 electrotechnology and trade workers with over $1.3 billion in funds under management. It offers MySuper accumulation, Account Based Pension products, eight investment options, and specialized insurance via Zurich.

Ownership category

akta.pro rank

Product category

Industry Superannuation Fund

NAICS

Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Finance Services (6199), Life Insurance (6311)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industry

Retirement Benefits & Social Security/Medicare Planning (FSAEABAI)

Keywords

• Industry superannuation fund
• Retirement savings accounts
• Group insurance coverage
• Investment portfolio options
• Account based pensions

Headquarters

HQ city

Parramatta

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: As an Industry Super fund, NESS Super generates revenue through management fees charged on funds under management. The fund operates on a profit-to-members basis, meaning any operating surpluses are returned to members rather than distributed to shareholders.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

NESS Super is an Australian industry superannuation fund founded in 1987 to provide retirement savings, investment options, and default group insurance (Death, Terminal Illness, TPD and Income Protection) to members in electrotechnology and related trades. The fund operates on a profit-to-members basis, offering MySuper accumulation and Account Based Pension products, a suite of investment options, self-service digital channels, and in-house financial planning, all underwritten for insurance by partner Zurich Australia.

Product overview

NESS Super is an Industry Super Fund for Trades operating as a unified superannuation and pension platform. Its core product is the NESS Super and NESS Super - MySuper accumulation superannuation account, paired with the NESS Account Based Pension for retirees. The fund offers a suite of investment options including NESS MySuper/MyPension Balanced (balanced diversified default), High Growth, Stable, My Income (pension-only), Australian Shares, Overseas Shares, Property, and Cash, spanning accumulation and pension products. Digital access is provided through the NESS Super Mobile App (iOS/Android), the Member Portal (member.nesssuper.com.au), and the NESS Business Hub employer portal. Insurance cover (Death, TI, TPD, and Income Protection) underwritten by Zurich is available as default cover with a Dangerous Occupation Exception for trades workers. The fund also offers an Insurance Needs Calculator, in-house Financial Planner services, and retirement planning tools. The fund has been awarded SuperRatings Platinum Rating for 2024, 2025, and 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• NESS Super - MySuper Accumulation Default MySuper accumulation superannuation product offered to NESS Super members, providing a balanced diversified investment portfolio for retirement savings. Designed for individual members across electrotechnology and related trades, serving as the primary default super product most members are invested in.
• NESS Account Based Pension Account Based Pension product for retired members offering tax-free investment returns on superannuation balances. Includes MyPension Balanced, High Growth, Stable, Australian Shares, Overseas Shares, Property, Cash and My Income Pension investment strategies for retirees.
• Default Insurance Cover (Death, Terminal Illness, TPD, Income Protection) Group insurance cover automatically provided to members including Death, Terminal Illness, Total and Permanent Disablement (TPD), and Income Protection (IP). Underwritten by Zurich Australia and specifically designed for high-risk electrotechnology occupations, with optional additional cover available via electronic portal.
• NESS Super Mobile App Native mobile application available on the Apple App Store and Google Play Store allowing NESS Super members to view balances, monitor accounts, and manage their superannuation on mobile devices.
• NESS Super Member Portal Online self-service portal enabling NESS Super members to view and manage their superannuation accounts, review contributions, perform transactions and access fund documents. Registration required for new users.
• NESS Business Hub (Employer Portal) Employer-facing digital portal for managing super contributions, employee onboarding, payroll compliance and employee super records. Replacing older EmployerAccess and SCH Online platforms in preparation for Payday Super changes from July 2026.
• In-house Financial Planner Service In-house financial planning service offered to NESS Super members for personalised superannuation, retirement and investment advice, including one-on-one consultations and annual check-in calls.

Quantifiable outcome

• 10.78% annual return for MySuper investment option for year ended 30 June 2025
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Zurich AustraliacoreStrategic or Co-development Partner · 1 June 2024NESS Super partnered with Zurich to provide insurance products including Death, Terminal Illness, Total and Permanent Disablement, and Income Protection coverage. Zurich also provides electronic portals for claims and applications for additional cover, and an insurance needs calculator. The partnership enables specialized coverage for dangerous occupations in the electrotechnology sector.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• HOSTPLUS: HOSTPLUS is a profit-to-members industry super fund serving hospitality, tourism, sport and recreation workers. It is the most direct structural analogue to NESS Super in operating model (industry super, employer-led acquisition, digital member platform) despite serving a different vertical.
• First Super: First Super is an industry super fund for the construction sector, offering specialised insurance for high-risk occupations to a trades-focused member base — a near-twin of NESS Super's positioning in electrotechnology and dangerous-occupation insurance.
• CareSuper: CareSuper is an industry super fund for the healthcare and care sectors, with a profit-to-members structure and employer-driven acquisition model comparable to NESS Super; recently merged with Spirit Super, illustrating the consolidation trajectory.
• REST Industry Super: REST is an industry super fund originally created for retail employees but now open to all Australians, with a similar employer-driven acquisition model and profit-to-members structure to NESS Super, though at significantly greater scale.
• Cbus Super: Cbus is Australia's largest construction, building and infrastructure industry super fund, structured similarly to NESS Super as a profit-to-members industry fund serving trade and construction workers with default insurance. Both compete on specialised insurance and sector employer partnerships.
• NGS Super: NGS Super is a profit-to-members industry fund for the non-government education sector. It shares NESS Super's operating model (industry fund, employer partnerships, in-house digital platforms) but serves a different occupational vertical.
• BUSSQ: BUSSQ (Building Unions Superannuation Queensland) is an industry super fund for building, construction and related trades workers. Its QLD geographic focus and union-aligned governance make it a close structural peer to NESS Super.
• TWU Super (now part of AustralianSuper): TWU Super was a Transport Workers Union-aligned industry super fund that merged into AustralianSuper. As a former union-affiliated trades-sector fund it serves as a structural comparator and illustrates the consolidation pathway facing smaller specialist funds like NESS Super.
• MTAA Super: MTAA Super is the industry super fund for the motor trades, automotive, and related industries — closely analogous to NESS Super's electrotechnology/trades niche, with similar default-insurance value proposition for workers in hazardous occupations.

Broad incumbents

• AustralianSuper: AustralianSuper is Australia's largest industry super fund and the dominant incumbent across most industry verticals. It is the principal scale competitor NESS Super benchmarks against on fees, returns, and member experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nesssuperfund
• Facebookfacebook.com/NESSSUPER
• LinkedInlinkedin.com/company/nesssuperfund
• Instagraminstagram.com/nesssuperfund

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ness Super