Child Care Super - MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$95|
|Administration Fee (%)||0.15%|
|Account Size Discount||Yes|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||Child Care|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by Child Care Super - MySuper
What the researchers say
The Child Care Super Fund (CCSF) was established in 1997 to provide superannuation services to workers in the child care industry and is part of Guild Super. On 30 June 2010 the Fund's trustee, Guild Trustee Services Pty Limited, transferred the accrued benefits and entitlements of all existing members of the Australian Child Care Super Fund into the Child Care Super sub-plan of the Fund. Child Care Super is MySuper authorised.
The default, MySuper solution is made up of three age-based investment options consisting of Building, Growing and Consolidating, which reduce growth assets as members get older. Child Care Super also offers 4 Diversified and 4 Single Sector options for choice members who prefer to choose their own investment mix.
Fees are competitive across all account balances assessed. The fee structure consists of both member fees and asset based administration charges. An exit fee of $60 and Buy/sell spreads also form part of the fee structure.
A full suite of insurance is available and members are automatically provided with Default Cover of Death and TPD, as well as Income Protection (IP) with a 2-year benefit period and a 90-day waiting period. Members may apply for additional Death only, Death and TPD, and IP (Standard or Long-Term IP) cover if required. IP insurance covers up to 85% of salary with a choice of 3 waiting periods and 2 benefit payment periods.
Child Care Super provides members with access to financial planning services, EFTPOS solutions, super and pension planning calculators, and bi-annual account statements.