Since its inception in 1974, Futurity has supported tens of thousands of families to save and invest for long-term education needs through the provision of tax effective financial products and services.
Over one million people have played a role at the heart of our entirely member owned organisation as either members or education beneficiaries.
We resolutely believe in the power of education to change lives and constantly seek to promote our vision of a society where everyone has access to quality education, including through the financial products we offer and our community impact.
Saving and investing over the long term for life goals makes great sense, and for us, education is the most important.
Impact of a Mutual
Our ‘mutual mindset’ creates real benefits for members and means their interests come first.
For a start, the Futurity Board is comprised entirely of Futurity members. Apart from their Directors’ duties, the Board represent members’ interests at the highest level of our organisation and ensure Futurity is creating value for members every single day.
Almost all our staff are members too, which means our effort is totally focused on securing great member outcomes.
Voluntary capital distributions back to members and their education beneficiaries from time to time.
Lower fees due to not having shareholders and not paying out dividends.
Provision of high-quality, onshore, personalised member care supported by online member portals and a mobile app.
Assistance for members who find themselves in financial hardship or experiencing personal difficulty.
Through our impact program, Futurity extends our ‘mutual mindset’ beyond just our own organisation to the broader community by:
Since 1994, Futurity has fully funded and managed the National Excellence in Teaching Awards (NEiTA) program which recognises and celebrates our very best teachers across Australia and New Zealand. You can learn more about NEiTA and nominate a teacher who deserves to be recognised here.
Advocacy and Sustainability
Futurity prides itself on helping to shape education policy on members’ behalf through our advocacy efforts, especially where decision making impacts on the cost, access, affordability or quality of education.
We are also ensuring we operate sustainably as a business and are taking steps to mitigate our impact on climate change, including quantifying our Greenhouse Gas Emissions and developing our Responsible Investment Policy.
Contributing to reconciliation with First Nations Peoples through our Reconciliation Action Plan is a key tenant of our sustainability work, and equally forms the basis for the FEF’s initial mission.
Futurity also creates impact by engaging positively and deeply with our professional industry association, the Business Council for Cooperatives and Mutuals (BCCM), to ensure the longevity and success of the mutual sector to which Futurity belongs.