This allows for an easy comparison of total fees across MySuper funds. All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. [6], After 1 January 2014, members who do not make an investment choice, or who actively choose a fund's default option, must be invested in a compliant MySuper product.[8]. 184 0 obj <> endobj One of the main features of MySuper dashboards is that fees are added up and reported as a single dollar figure for a member with a $50,000 balance. Another suggestion is to allow members to take their original MySuper fund from job to job, so they stay with the fund they are put into when they first start working unless they decide to switch to a fund of their choice. List of APRA-regulated superannuation funds. You can learn more in our article How to compare super funds in 7 easy steps. 0000035384 00000 n One shortcoming of the new and old systems is that some people who have changed jobs may have ended up with money in two or more super accounts. Members can also find out the current balance of their super account in their annual statement , or by calling the Plum on 1300 557 586 (open Mon-Fri). As at September 2018, around 25% of all super assets, or $695 billion, was invested across 103 MySuper accounts. See Section 5 for details of MySuper and go to plum.com. 0000001547 00000 n Therefore, within a MySuper product, it is possible for the standard insurance cover to be replaced by a default insurance strategy tailored to meet the specific requirements of the employees of a particular employer. Fund Strategy Aims to invest primarily in growth assets with limited exposure to fixed interest investments, accepting higher volatility to seek higher returns over the long term. Ben’s MySuper has 85% allocation to growth … This will make it simpler for members to understand what they pay and to compare fees against other MySuper products. 184 31 The server responded with {{status_text}} (code {{status_code}}).

0000001745 00000 n They must be given a minimum of 90 days' notice before a default transfer to a MySuper account is made. 0000002128 00000 n 0000102719 00000 n Offer information 0000101076 00000 n Copyright for this article belongs to SuperGuide Pty Ltd, and cannot be reproduced without express and specific consent. The MySuper Cash Plus Portfolio to outperform Bloomberg AusBond Bank Bill Index, before fees and taxes, over any 1-year period. Fees a member can be charged in MySuper products are limited to: In addition, trustees may charge fees for certain member‑specific costs initiated by the member or a court; for example, account splitting following a family law decision. Fees are charged for administration, investment and other services such as switching funds or contribution splitting. 0000101305 00000 n But 26 funds, or one third of the total accounts, underperformed the benchmark median return of 3.9% a year. Members can opt out of the MySuper option at any time, or may choose a particular MySuper product. This is usually a ‘balanced’ approach with around 70% invested in higher risk growth assets (shares and property) and 30% in lower risk defensive assets (cash and fixed interest). AMG Universal Super – AMG MySuper (Public Offer), AMP Superannuation Savings Trust – AMP MySuper No.2 (Public Offer), AMP Superannuation Savings Trust – Brookfield Australia MySuper (Public Offer), AMP Superannuation Savings Trust – CCA MySuper (Public Offer), AMP Superannuation Savings Trust – Macquarie Group MySuper (Public Offer), AMP Superannuation Savings Trust – Woolworths Group MySuper (Public Offer), AMP Superannuation Savings Trust – Anglican National MySuper (Public Offer), AMP Superannuation Savings Trust – Australia Post MySuper (Public Offer), AMP Superannuation Savings Trust – AFLPA & AFL Industry MySuper (Public Offer), Auscoal Superannuation Fund – AUSCOAL Default Lifecycle (Public Offer), Australian Catholic Superannuation and Retirement Fund – MySuper Balanced (Public Offer), Australian Ethical Retail Superannuation Fund – Balanced (accumulation) (Public Offer), Australian Meat Industry Superannuation Trust – AMIST MySuper (Public Offer), AustralianSuper – IBM Superannuation Plan (Non Public Offer), AustralianSuper – Komatsu Superannuation Plan (Public Offer), Austsafe Superannuation Fund – MySuper (Balanced) (Public Offer), AvSuper Fund – AvSuper Growth (MySuper) (Public Offer), Bendigo SmartStart Super (Bendigo MySuper) (Public Offer), Betros Bros Superannuation Fund No 2 – Betros MySuper (Non Public Offer), Boc Gases Superannuation Fund – BOC MySuper (Non Public Offer), Building Unions Superannuation Scheme (Queensland) – BUSSQ MySuper (Public Offer), Catholic Superannuation Fund – MyCatholicSuper (Public Offer), Christian Super – My Ethical Super (Public Offer), Club Plus Superannuation Scheme – Club Plus Super – MySuper (Public Offer), Club Super – Club MySuper (Non Public Offer), Combined Fund – Combined Fund MySuper (Non Public Offer), Commonwealth Essential Super – Commonwealth Essential Super (Public Offer), Concept One The Industry Superannuation Fund – MySuper Balanced (Non Public Offer), Construction & Building Unions Superannuation – Growth (Cbus MySuper) (Public Offer), Duluxgroup Employees Superannuation Fund – Active Balanced (Public Offer), Elphinstone Group Superannuation Fund – Balanced Option (Non Public Offer), EmPlus Superannuation Fund – EmPlus MySuper (Public Offer), Energy Industries Superannuation Scheme-Pool A – MySuper Balanced (Public Offer), equipsuper – Equipsuper MySuper (Public Offer), EquitySuper – MyEquitySuper (Public Offer), First State Superannuation Scheme – First State Super MySuper Lifecycle (Public Offer), First Super – First Super MySuper (Public Offer), Guild Retirement Fund – Guild Retirement Fund (MySuper) (Public Offer), Health Employees Superannuation Trust Australia – Core Pool (Public Offer), Health Industry Plan – HIP MySuper (Non Public Offer), HOSTPLUS Superannuation Fund – Balanced option (Public Offer), IAG & NRMA Superannuation Plan – MySuper (Non Public Offer), Incitec Pivot Employees Superannuation Fund – Active Balanced (Public Offer), Intrust Super Fund – Intrust MySuper (Public Offer), IOOF Portfolio Service Superannuation Fund – IOOF MySuper (Public Offer), Kinetic Superannuation Fund – Kinetic Super – Growth (MySuper) (Public Offer), Labour Union Co-Operative Retirement Fund – MySuper Balanced (Public Offer), Law Employees Superannuation Fund – LESF MySuper (Public Offer), legalsuper – MySuper Growth option (Public Offer), Local Authorities Superannuation Fund – MySuper Balanced Growth (Non Public Offer), Local Government Superannuation Scheme – LGsuper MySuper Lifecycle (Non Public Offer), Local Government Superannuation Scheme – Pool A – MySuper Age-Based Investment Strategy (Public Offer), Lutheran Super – Balanced Option – MySuper Compliant (Non Public Offer), Maritime Super – Moderate investment option (Public Offer), Meat Industry Employees Superannuation Fund – MIESF MySuper (Non Public Offer), Media Super – Balanced investment option (accumulation) (Public Offer), Mercer Super Trust – Mercer WGSP MySuper (Public Offer), Mercer Super Trust – Mercer Santos MySuper (Public Offer), MTAA Superannuation Fund – My AutoSuper (Public Offer), New South Wales Electrical Superannuation Scheme – NESS MySuper (Non Public Offer), NGS Super – Diversified (MySuper) (Public Offer), Perpetual's Select Superannuation Fund – Perpetual MySuper (Public Offer), Plum Superannuation Fund – Plum MySuper (Public Offer), Prime Superannuation Fund – MySuper (Public Offer), Public Sector Superannuation Accumulation Plan – MySuper Balanced (Non Public Offer), Quadrant Superannuation Scheme – Quadrant MyChoices – MySuper Investment Option (Public Offer), Queensland Independent Education & Care Superannuation Trust – QIEC MySuper (Non Public Offer), Rei Super – Trustee Super Balanced Option (Non Public Offer), Retail Employees Superannuation Trust – REST Super (Public Offer), Retirement Wrap – BT Super for Life MySuper; BT Lifetime Employer MySuper (Public Offer), Retirement Wrap – Westpac Group Plan MySuper (Public Offer), Russell Supersolution Master Trust – Russell MySuper (Public Offer), Smartsave 'Member's Choice' Superannuation Master Plan – Smartsave MySuper Blanced (Public Offer), State Public Sector Superannuation Scheme –, Statewide Superannuation Trust – StatewideSuper MySuper (Public Offer), Super Directions Fund – AMP MySuper No.3 (Public Offer), Tasplan Superannuation Fund – Tasplan MySuper (Public Offer), Telstra Superannuation Scheme – Telstra Super MySuper (Public Offer), The Allied Unions Superannuation Trust (Queensland) – My AUST(Q) Super (Non Public Offer), The Bendigo Superannuation Plan – Bendigo MySuper (Public Offer), The Executive Superannuation Fund – MySuper MyLife (Public Offer), The Flexible Benefits Super Fund – FlexibleSuper Active Balanced (Non Public Offer), The Transport Industry Superannuation Fund – TIS MySuper (Non Public Offer), The Universal Super Scheme – MLC MySuper (Public Offer), The Victorian independent schools Superannuation Fund – VISSF Balanced Option (Non Public Offer), Toyota Australia Superannuation Plan – MySuper Growth (Non Public Offer), Toyota Employees Superannuation Trust – MySuper Growth (Non Public Offer), TWU Superannuation Fund – Balanced (MySuper) (Public Offer), Unisuper – UniSuper Balanced (Non Public Offer), United Technologies Corporation Retirement Plan – Balanced (Public Offer), Victorian Superannuation Fund – Growth (MySuper) (Public Offer), WA Local Government Superannuation Plan – MyWASuper (Public Offer), Water Corporation Superannuation Plan – Growth Option (Non Public Offer), Worsley Alumina Superannuation Fund – MySuper WASF Default Option (Non Public Offer), This page was last edited on 23 August 2019, at 01:34.
MySuper funds act as a default account for people who don’t choose their own super fund when they start a new job. And Australian Catholic Super changes its investment mix every year from age 40 to 70, beginning with a 90/10 split and ending with a 40/60 split. 0000068828 00000 n Learn more, © Copyright SuperGuide 2009-2020. There may be particular factors at a workplace level that influence the appropriate level and structure of insurance for employees at that workplace. 0000102591 00000 n The top 10, representing 55% of all default member accounts, did well, with a median annual return of 5.7%. 0000067897 00000 n investment fee (including a performance-based fee), buy and sell spreads (limited to cost recovery). {{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. With Plum Personal Plan, a part of the MLC Super Fund, you have access to a broad range of investment options, allowing you to customise your investment portfolio. Learn more about comparing super funds in the following SuperGuide articles: IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. SuperGuide is Australia’s leading superannuation and retirement planning website. Growth of $10,000. The Government announces its decisions on key design aspects of the Stronger Super reforms. The median return for Growth funds since January 2014 (when MySuper was introduced) to January 2019 was 7.3% per year after investment fees and tax. switching fee (limited to cost recovery).
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In 2019, Russell Mason of Deloitte argued that the introduction of MySuper products had ultimately been a waste of time, due to the fact that the majority of products were simply converted from existing fund options. 0000069630 00000 n MySuper Option. [4] An estimated 80% of not-for-profit funds will reportedly retain their existing products for MySuper. Plum Super provides integrated and innovative super solutions for current and former employees of some of Australia's largest organisations and their eligible spouses.The fund offers an investment menu that is structured to cater for different levels of investment knowledge and experience. Super and pension fund performance: Where does your fund rank? They are designed to be: Retail, industry and corporate funds can all offer MySuper accounts to members in accumulation phase (pre-retirement). If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. The two approaches can result in very different risk and return profiles, especially early and late in your working life. 0000069446 00000 n Given that over 75% of employees stay with their employers’ default fund, it was expected that the majority of employees would be in a MySuper product from that date. But if you are not sure where to look ASIC’s MoneySmart website now allows you to search for and compare MySuper funds. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. You should consider whether any information on SuperGuide is appropriate to you before acting on it. APRA had anticipates that fewer than 120 MySuper authorities would be granted in … One of the guiding principles behind MySuper was the need for greater transparency, and this is particularly so where fees are involved.

Since that date, any new employer Super Guarantee contributions must be paid into a MySuper product. However, some big funds are beginning to refine their MySuper lifecycle approach on concerns that lumping people into decade cohorts is too broad. What are the different types of super funds? 0000101190 00000 n Inflation has averaged below 2% for much of that period. 0000000916 00000 n V�\R��MS�Z��~*_@�*U��J�mj]i˴hP\("-���Ҷ�`��\�4�a�
This allows for an easy comparison of total fees across MySuper funds. All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. [6], After 1 January 2014, members who do not make an investment choice, or who actively choose a fund's default option, must be invested in a compliant MySuper product.[8]. 184 0 obj <> endobj One of the main features of MySuper dashboards is that fees are added up and reported as a single dollar figure for a member with a $50,000 balance. Another suggestion is to allow members to take their original MySuper fund from job to job, so they stay with the fund they are put into when they first start working unless they decide to switch to a fund of their choice. List of APRA-regulated superannuation funds. You can learn more in our article How to compare super funds in 7 easy steps. 0000035384 00000 n One shortcoming of the new and old systems is that some people who have changed jobs may have ended up with money in two or more super accounts. Members can also find out the current balance of their super account in their annual statement , or by calling the Plum on 1300 557 586 (open Mon-Fri). As at September 2018, around 25% of all super assets, or $695 billion, was invested across 103 MySuper accounts. See Section 5 for details of MySuper and go to plum.com. 0000001547 00000 n Therefore, within a MySuper product, it is possible for the standard insurance cover to be replaced by a default insurance strategy tailored to meet the specific requirements of the employees of a particular employer. Fund Strategy Aims to invest primarily in growth assets with limited exposure to fixed interest investments, accepting higher volatility to seek higher returns over the long term. Ben’s MySuper has 85% allocation to growth … This will make it simpler for members to understand what they pay and to compare fees against other MySuper products. 184 31 The server responded with {{status_text}} (code {{status_code}}).

0000001745 00000 n They must be given a minimum of 90 days' notice before a default transfer to a MySuper account is made. 0000002128 00000 n 0000102719 00000 n Offer information 0000101076 00000 n Copyright for this article belongs to SuperGuide Pty Ltd, and cannot be reproduced without express and specific consent. The MySuper Cash Plus Portfolio to outperform Bloomberg AusBond Bank Bill Index, before fees and taxes, over any 1-year period. Fees a member can be charged in MySuper products are limited to: In addition, trustees may charge fees for certain member‑specific costs initiated by the member or a court; for example, account splitting following a family law decision. Fees are charged for administration, investment and other services such as switching funds or contribution splitting. 0000101305 00000 n But 26 funds, or one third of the total accounts, underperformed the benchmark median return of 3.9% a year. Members can opt out of the MySuper option at any time, or may choose a particular MySuper product. This is usually a ‘balanced’ approach with around 70% invested in higher risk growth assets (shares and property) and 30% in lower risk defensive assets (cash and fixed interest). AMG Universal Super – AMG MySuper (Public Offer), AMP Superannuation Savings Trust – AMP MySuper No.2 (Public Offer), AMP Superannuation Savings Trust – Brookfield Australia MySuper (Public Offer), AMP Superannuation Savings Trust – CCA MySuper (Public Offer), AMP Superannuation Savings Trust – Macquarie Group MySuper (Public Offer), AMP Superannuation Savings Trust – Woolworths Group MySuper (Public Offer), AMP Superannuation Savings Trust – Anglican National MySuper (Public Offer), AMP Superannuation Savings Trust – Australia Post MySuper (Public Offer), AMP Superannuation Savings Trust – AFLPA & AFL Industry MySuper (Public Offer), Auscoal Superannuation Fund – AUSCOAL Default Lifecycle (Public Offer), Australian Catholic Superannuation and Retirement Fund – MySuper Balanced (Public Offer), Australian Ethical Retail Superannuation Fund – Balanced (accumulation) (Public Offer), Australian Meat Industry Superannuation Trust – AMIST MySuper (Public Offer), AustralianSuper – IBM Superannuation Plan (Non Public Offer), AustralianSuper – Komatsu Superannuation Plan (Public Offer), Austsafe Superannuation Fund – MySuper (Balanced) (Public Offer), AvSuper Fund – AvSuper Growth (MySuper) (Public Offer), Bendigo SmartStart Super (Bendigo MySuper) (Public Offer), Betros Bros Superannuation Fund No 2 – Betros MySuper (Non Public Offer), Boc Gases Superannuation Fund – BOC MySuper (Non Public Offer), Building Unions Superannuation Scheme (Queensland) – BUSSQ MySuper (Public Offer), Catholic Superannuation Fund – MyCatholicSuper (Public Offer), Christian Super – My Ethical Super (Public Offer), Club Plus Superannuation Scheme – Club Plus Super – MySuper (Public Offer), Club Super – Club MySuper (Non Public Offer), Combined Fund – Combined Fund MySuper (Non Public Offer), Commonwealth Essential Super – Commonwealth Essential Super (Public Offer), Concept One The Industry Superannuation Fund – MySuper Balanced (Non Public Offer), Construction & Building Unions Superannuation – Growth (Cbus MySuper) (Public Offer), Duluxgroup Employees Superannuation Fund – Active Balanced (Public Offer), Elphinstone Group Superannuation Fund – Balanced Option (Non Public Offer), EmPlus Superannuation Fund – EmPlus MySuper (Public Offer), Energy Industries Superannuation Scheme-Pool A – MySuper Balanced (Public Offer), equipsuper – Equipsuper MySuper (Public Offer), EquitySuper – MyEquitySuper (Public Offer), First State Superannuation Scheme – First State Super MySuper Lifecycle (Public Offer), First Super – First Super MySuper (Public Offer), Guild Retirement Fund – Guild Retirement Fund (MySuper) (Public Offer), Health Employees Superannuation Trust Australia – Core Pool (Public Offer), Health Industry Plan – HIP MySuper (Non Public Offer), HOSTPLUS Superannuation Fund – Balanced option (Public Offer), IAG & NRMA Superannuation Plan – MySuper (Non Public Offer), Incitec Pivot Employees Superannuation Fund – Active Balanced (Public Offer), Intrust Super Fund – Intrust MySuper (Public Offer), IOOF Portfolio Service Superannuation Fund – IOOF MySuper (Public Offer), Kinetic Superannuation Fund – Kinetic Super – Growth (MySuper) (Public Offer), Labour Union Co-Operative Retirement Fund – MySuper Balanced (Public Offer), Law Employees Superannuation Fund – LESF MySuper (Public Offer), legalsuper – MySuper Growth option (Public Offer), Local Authorities Superannuation Fund – MySuper Balanced Growth (Non Public Offer), Local Government Superannuation Scheme – LGsuper MySuper Lifecycle (Non Public Offer), Local Government Superannuation Scheme – Pool A – MySuper Age-Based Investment Strategy (Public Offer), Lutheran Super – Balanced Option – MySuper Compliant (Non Public Offer), Maritime Super – Moderate investment option (Public Offer), Meat Industry Employees Superannuation Fund – MIESF MySuper (Non Public Offer), Media Super – Balanced investment option (accumulation) (Public Offer), Mercer Super Trust – Mercer WGSP MySuper (Public Offer), Mercer Super Trust – Mercer Santos MySuper (Public Offer), MTAA Superannuation Fund – My AutoSuper (Public Offer), New South Wales Electrical Superannuation Scheme – NESS MySuper (Non Public Offer), NGS Super – Diversified (MySuper) (Public Offer), Perpetual's Select Superannuation Fund – Perpetual MySuper (Public Offer), Plum Superannuation Fund – Plum MySuper (Public Offer), Prime Superannuation Fund – MySuper (Public Offer), Public Sector Superannuation Accumulation Plan – MySuper Balanced (Non Public Offer), Quadrant Superannuation Scheme – Quadrant MyChoices – MySuper Investment Option (Public Offer), Queensland Independent Education & Care Superannuation Trust – QIEC MySuper (Non Public Offer), Rei Super – Trustee Super Balanced Option (Non Public Offer), Retail Employees Superannuation Trust – REST Super (Public Offer), Retirement Wrap – BT Super for Life MySuper; BT Lifetime Employer MySuper (Public Offer), Retirement Wrap – Westpac Group Plan MySuper (Public Offer), Russell Supersolution Master Trust – Russell MySuper (Public Offer), Smartsave 'Member's Choice' Superannuation Master Plan – Smartsave MySuper Blanced (Public Offer), State Public Sector Superannuation Scheme –, Statewide Superannuation Trust – StatewideSuper MySuper (Public Offer), Super Directions Fund – AMP MySuper No.3 (Public Offer), Tasplan Superannuation Fund – Tasplan MySuper (Public Offer), Telstra Superannuation Scheme – Telstra Super MySuper (Public Offer), The Allied Unions Superannuation Trust (Queensland) – My AUST(Q) Super (Non Public Offer), The Bendigo Superannuation Plan – Bendigo MySuper (Public Offer), The Executive Superannuation Fund – MySuper MyLife (Public Offer), The Flexible Benefits Super Fund – FlexibleSuper Active Balanced (Non Public Offer), The Transport Industry Superannuation Fund – TIS MySuper (Non Public Offer), The Universal Super Scheme – MLC MySuper (Public Offer), The Victorian independent schools Superannuation Fund – VISSF Balanced Option (Non Public Offer), Toyota Australia Superannuation Plan – MySuper Growth (Non Public Offer), Toyota Employees Superannuation Trust – MySuper Growth (Non Public Offer), TWU Superannuation Fund – Balanced (MySuper) (Public Offer), Unisuper – UniSuper Balanced (Non Public Offer), United Technologies Corporation Retirement Plan – Balanced (Public Offer), Victorian Superannuation Fund – Growth (MySuper) (Public Offer), WA Local Government Superannuation Plan – MyWASuper (Public Offer), Water Corporation Superannuation Plan – Growth Option (Non Public Offer), Worsley Alumina Superannuation Fund – MySuper WASF Default Option (Non Public Offer), This page was last edited on 23 August 2019, at 01:34.
MySuper funds act as a default account for people who don’t choose their own super fund when they start a new job. And Australian Catholic Super changes its investment mix every year from age 40 to 70, beginning with a 90/10 split and ending with a 40/60 split. 0000068828 00000 n Learn more, © Copyright SuperGuide 2009-2020. There may be particular factors at a workplace level that influence the appropriate level and structure of insurance for employees at that workplace. 0000102591 00000 n The top 10, representing 55% of all default member accounts, did well, with a median annual return of 5.7%. 0000067897 00000 n investment fee (including a performance-based fee), buy and sell spreads (limited to cost recovery). {{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. With Plum Personal Plan, a part of the MLC Super Fund, you have access to a broad range of investment options, allowing you to customise your investment portfolio. Learn more about comparing super funds in the following SuperGuide articles: IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. SuperGuide is Australia’s leading superannuation and retirement planning website. Growth of $10,000. The Government announces its decisions on key design aspects of the Stronger Super reforms. The median return for Growth funds since January 2014 (when MySuper was introduced) to January 2019 was 7.3% per year after investment fees and tax. switching fee (limited to cost recovery).

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