Aware Super

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

No. of members: 733579
Fund size: $95.7b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2006
Past 5-year return
6.42%
Admin fee

$52

Calc fees on 50k

$612

SuperRatings awards
Past 5-year return
6.42%
Admin fee

$52

Calc fees on 50k

$612

SuperRatings awards

Pros and Cons

Pros and Cons

  • Excellent value for money
  • Sound historical investment performance
  • Run only to profit members
  • iPhone application
  • Fee for service financial planning available specifically tailored to First State Super members
  • Regular, targeted communication from fund via newsletters, seminars and online learning

Summary

First State Super is an industry fund that has been providing superannuation services to NSW public sector employees since 1992, with membership also open to the general public. The fund was nominated as a finalist for the 2020 Best New Innovation award for Explorer. 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 2019.Fees are lower than the industry average across all assessed account balances. Members are able to switch investment options at no cost. First State 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 from each option 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 free simple advice, comprehensive 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
    • Sound historical investment performance
    • Run only to profit members
    • iPhone application
    • Fee for service financial planning available specifically tailored to First State Super members
    • Regular, targeted communication from fund via newsletters, seminars and online learning

    First State Super is an industry fund that has been providing superannuation services to NSW public sector employees since 1992, with membership also open to the general public. The fund was nominated as a finalist for the 2020 Best New Innovation award for Explorer. 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 2019.Fees are lower than the industry average across all assessed account balances. Members are able to switch investment options at no cost. First State 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 from each option 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 free simple advice, comprehensive 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
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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