Maritime Super was established in 2009 from the merger between the Seafarers' Retirement Fund (SRF) and Stevedoring Employees Retirement Fund (SERF). A minimum initial investment of $30,000 is required to join the fund’s Pension Division. Members have access to 10 Diversified and Single-Sector investment strategies, including a Growth option with active volatility management, as well as a Fixed Term investment option. The fund's Balanced option underperformed the SuperRatings Index over the 10 year period assessed to 30 June 2019.Fees are higher than the industry average across all assessed account balances; however, the asset-based administration fee does not apply on account balances over $500,000. Members can perform investment switches at no cost. A reasonable level of pension flexibility and choice is provided, enabling members to select from 4 pension payment frequencies, ranging from monthly to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option or have pension payments drawn proportionately across their investment options. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.Maritime Super members have access to free phone based advice and comprehensive financial planning services on a fee-for-service basis. Educational videos, calculators and an online rollover tool can also be accessed through the fund’s website, mobile application and enhanced member online portal.

Read More