Active Super has launched Active Super Booster, a reward program allows members to boost their super balances when shopping instore and online at more than 300 retail partners across 2,000 locations around Australia.
With the new ‘set and forget’ reward program, once members link their debit or credit card(s), a percentage of the value of any eligible purchase is automatically added to their super balance whenever they shop with participating retailers.^ Percentages range from 2 to 25 percent of the value of the transaction. The cash top-up is paid for by retailers, not members.
The rapidly growing list of retail partners includes The Iconic, BWS, General Pants, Forever New, Glue and Pizza Hut.Additionally, members can continue to claim other rewards such as frequent flyer points on the same transactions.
Active Super has launched the program in partnership with fintech, Loyalty Boomerang, and is the only super fund with exclusive rights to the program for 12 months.
Chantal Walker, Chief Member Experience and Growth Officer for Active Super, said: “We’re excited to be giving back to our members by launching Active Super Booster in partnership with Loyalty Boomerang and some of Australia’s most popular retailers.
“What makes Active Super Booster simple is that it is a ‘set and forget’ program, meaning our members can use it on the go, in-store or online, and get rewarded.
“Active Super Booster is hassle-free, requiring little effort from members to redeem their rewards. They don’t have to scan a loyalty card or log onto a website, so members can boost their super balance easily and simply.
And for retailers, the program can help them to engage and build loyalty with our 80,000 members across Australia”.
Active Super members simply need to nominate one or more (up to five) debit or credit cards to get started.
Active Super has estimated that the average member could add more than $150* to their balance annually through the initiative. Over a 20-year period, this would give retirees an estimated additional $5,000 on their superannuation balance.
Ms Walker added: “We saw a real opportunity to build a much greater level of engagement with our members, especially women, around superannuation by rewarding them and making super contributions a part of their day-to-day lifestyle”.
“Active Super is committed to providing our members with a best-in-class experience every time we interact with them. We are proud to be driving better retirement outcomes by encouraging more Australians to top up their super every time they shop”.
**Terms and conditions apply.
**Participating retailers and rewards offers are subject to change.
**Source: Loyalty Boomerang. Based on an average annual spend per participating member.
**Moneysmart compound interest calculator, based on 5 percent annual return.