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Mine Wealth + Wellbeing Pension

Past 5-year return
New fund
Admin fee
$180
Calculated Fees on 50k
$565
The industry fund for Australia's coal community since 1941.
A fundamental commitment to understanding and meeting the needs of coal miners and their families. Dedicated, responsive and personalised customer service.
Above median long term investment returns, with fees well below the industry and not for profit average.
Scaleable, competitively priced advice and education which allows members to choose the level of guidance they need via their preferred delivery method.
Mine Wealth + Wellbeing was established from a merger between the Coalsuper Retirement Income Fund (COALSUPER) and the Queensland Coal and Oil Shale Mining Industry Superannuation Fund (QCOS). Mine Wealth + Wellbeing Pension is founded upon serving members in the coal mining industry and their families. A minimum investment of $15,000 is required to commence the product.Members who wish to make an investment choice may select from a suite of five diversified and six single sector options, including a term deposit. The Balanced option has underperformed the relevant SuperRatings Index over the five years to 30 June 2017. Fees for Mine Wealth + Wellbeing Pension is lower than the industry average across all account balances assessed. No additional fees are charged for switching between investment options or exiting the fund. Pension flexibility is reasonable, with members able to select between fortnightly through to annual payments options and select which investment options payments are made from. Members are offered non-binding and binding beneficiary options.Mine Wealth + Wellbeing offers members access to financial advice services as well as provides regular information seminars in major mining areas throughout NSW and Queensland.

Fees & fund features

Admin fee
Admin fee
$180
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.25%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$180
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.25%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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