Maritime Super

Maritime Super - Allocated Pension

No. of members: 24550
Fund size: $5.3b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 1996
Past 5-year return
4.76%
Admin fee

$78

Calc fees on 50k

$733

SuperRatings awards
Past 5-year return
4.76%
Admin fee

$78

Calc fees on 50k

$733

SuperRatings awards

Pros and Cons

Pros and Cons

  • Member services and education program available designed to help members make informed retirement decisions.
  • Added benefits through associated providers, such as home loans and other banking products.
  • Interactive online member site allowing members to switch and update personal details.

Summary

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.

Features and Fees

Maritime Super Fees and Features

    Pros and Cons

    • Member services and education program available designed to help members make informed retirement decisions.
    • Added benefits through associated providers, such as home loans and other banking products.
    • Interactive online member site allowing members to switch and update personal details.

    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

    Maritime 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
      SECURE
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
      Go to site