AustralianSuper Choice Income Account

Established in 2006, AustralianSuper is a public offer multi-industry superannuation fund that manages over $120 billion in assets. AustralianSuper Choice Income Account was established in 2008 and was nominated for the 2018 Pension of the Year Award for the fifth consecutive year.AustralianSuper Choice Income Account members have access to a range of Diversified and Single Sector investment strategies, which includes a Socially Aware option. Furthermore, access to Term Deposits, ETFs and ASX300 shares is provided via the Member Direct option, however, additional costs may be incurred. The Balanced option has delivered consistently strong performance over the short and long term, providing members with top-quartile returns. Fees for the Balanced option are lower than the industry average across all assessed account balances. No switching fees are charged and the Asset Administration fee is capped at $750 p.a. However, exit fees are applicable. Members receive an excellent level of pension features and flexibility, with the ability to select their pension payments in a variety of frequencies, ranging from fortnightly to annually. Automatic annual increases for pension payments are also available by either a nominated percentage or by CPI. Free retirement seminars are held Australia-wide and members have access to a range of educational aids such as commission free financial planning, online calculators and live webcasts.