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TWUSUPER - Balanced (MySuper)

Past 5-year return
10.47%
Admin fee
$78
Calculated Fees on 50k
$613
Low fees for members with no fees charged for employer groups.
EmployerAccess for online transactions and educational information.
Integrated financial advice options - single issue over the phone to full planning service. Financial planning and workplace education seminars for members.
Regular education communications provided for members/employers.
Customer service team can assist members at work or home.
TWUSUPER was established in 1984 by the Transport Workers Union to provide superannuation services to workers in the transport industry. As a public offer fund, membership is now open to all Australian residents.The fund's Balanced (MySuper) option is the default offering to members and is a rebadged version of the existing Balanced fund. The Balanced (MySuper) strategy has outperformed the SuperRatings Index over the longer term. Choice members have access to a basic investment menu consisting of Cash Plus, Balanced (MySuper) and Equity Plus.TWUSUPER's fees are rated average across all account balances assessed. No fees are charged for establishing an account or switching investment options, however an exit fee does apply.Members are provided with a full suite of insurance, although the higher risk nature of the transport industry means relatively high premium rates. Members are automatically provided with 2 units of Death and TPD cover upon joining and can apply for additional cover of up to $10 million in Death and $2.5 million in TPD. Income Protection (IP) insurance covers up to 84.5% of salary (which includes superannuation contributions) with a choice of 30 or 90 day waiting periods. Members are required to work at least 15 hours per week to be eligible for IP insurance. TWUSUPER provides members with a good selection of additional benefits, including access to financial planning services through Industry Fund Financial Planning (IFFP) and discounted banking products through ME.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$50
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.07%
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
$78
Exit fee
Exit fee
$50
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.07%
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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