Aware Super

Aware Super (previously First State Super) - Retirement Income Stream

Past 5-year return
6.42%
Admin fee

$52

Calc fees on 50k

$587

SuperRatings awards
Platinum10 Year Platinum PerformancePension of the Year FinalistSmooth Ride FinalistInfinity Recognised
Past 5-year return
6.42%
Admin fee

$52

Calc fees on 50k

$587

SuperRatings awards
Platinum10 Year Platinum PerformancePension of the Year FinalistSmooth Ride FinalistInfinity Recognised

Pros and Cons

Pros and Cons

  • Excellent value for money with outstanding investment performance
  • The largest member-owned financial planning network in Australia
  • Regular, targeted communication from fund via newsletters, seminars and online learning

Summary

Previously known as First state Super, Aware Super is an industry fund that has been the fund for people who value community as well as personal gain since 1992. In July 2020, Aware Super merged with VicSuper and together they are one of Australia’s largest super funds, managing more than $120 billion in savings for more than 1 million members. The fund was the winner of the 2021 Momentum award and was also nominated as a finalist of the 2021 Pension of the Year and the 2021 Smooth Ride awards. The Retirement Income Stream commenced in 2006, with a minimum initial investment of $20,000 required to commence membership.Members have access to an investment menu comprising 5 Diversified and 7 Single sector options, including 2 Socially Responsible options. The Growth option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all assessed account balances. The fund does not charge an investment switching fee or a buy-sell spread. Aware Super Retirement Income Stream offers a good level of flexibility to members, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the order in which payments are to be drawn or have payments drawn from each investment option in proportion to the balance in each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. Additional benefits available include access to expert financial advice services, high quality educational programs, interactive tools and calculators, including Explorer, as well as the ability to view account details and perform transactions online.

Features and Fees

Aware Super Fees and Features

    Pros and Cons

    • Excellent value for money with outstanding investment performance
    • The largest member-owned financial planning network in Australia
    • Regular, targeted communication from fund via newsletters, seminars and online learning

    Previously known as First state Super, Aware Super is an industry fund that has been the fund for people who value community as well as personal gain since 1992. In July 2020, Aware Super merged with VicSuper and together they are one of Australia’s largest super funds, managing more than $120 billion in savings for more than 1 million members. The fund was the winner of the 2021 Momentum award and was also nominated as a finalist of the 2021 Pension of the Year and the 2021 Smooth Ride awards. The Retirement Income Stream commenced in 2006, with a minimum initial investment of $20,000 required to commence membership.Members have access to an investment menu comprising 5 Diversified and 7 Single sector options, including 2 Socially Responsible options. The Growth option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all assessed account balances. The fund does not charge an investment switching fee or a buy-sell spread. Aware Super Retirement Income Stream offers a good level of flexibility to members, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the order in which payments are to be drawn or have payments drawn from each investment option in proportion to the balance in each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. Additional benefits available include access to expert financial advice services, high quality educational programs, interactive tools and calculators, including Explorer, as well as the ability to view account details and perform transactions online.

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    Aware Super Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information