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Aware Super

Aware Super - Flexible Income Plan

Growth Fund

Awards

Winner of SuperRatings Platinum 2021 Pension, Smooth Ride Finalist 2022, Infinity Recognised 2022

Past 5-year return
8.55

% p.a

Admin fee

$52

Calc fees on 50k

$537

SuperRatings awards
SuperRatings Platinum 2021 PensionSmooth Ride Finalist 2022Infinity Recognised 2022
Past 5-year return
8.55

% p.a

Admin fee

$52

Calc fees on 50k

$537

SuperRatings awards
SuperRatings Platinum 2021 PensionSmooth Ride Finalist 2022Infinity Recognised 2022

Quick pension fund review

For Aware Super - Flexible Income Plan

These are the benefits of this pension fund.

  • One of Australian's largest profit-to-member super funds
  • The largest member-owned financial planning network in Australia
  • Regular, targeted communication from fund via newsletters, seminars and online learning
  • A tailored data-driven approach to understand members by a comprehensive digital platform

Aware Super, formerly known as First State 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 $148 billion in savings for more than 1.1 million members. The Allocated Pension Fund closed to new accounts effective 1 December 2019. Members have access to an investment menu comprising 5 diversified and 4 single sector options, as well as a Fixed Term Fund option. The Balanced Fund underperformed the relevant SuperRatings Index over each time period assessed to 30 June 2021. We note the option has a lower allocation to growth assets than a typical Balanced (60-76) strategy. Fees associated with this product 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. An excellent level of flexibility is offered, with members able to select from 5 pension payment frequencies from fortnightly to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. If members do not select a drawdown strategy, a default withdrawal order will apply with the more conservative options being drawn down first. A great range of additional benefits are available including financial planning services, educational materials and SuperNews, as well as interactive tools and calculators. The fund’s member online portal and mobile app further enable members to view account details and perform transactions.

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Pension fund overview

For Aware Super - Flexible Income Plan

TMD

    Target Market Determination

    Visit Aware Super to view Target Market Determination.

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    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
    CONSERVATIVE BALANCE
    DIVERSIFIED FIXED INTEREST
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    CAPITAL STABLE
    CASH
    + View additional option performance information

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