Maritime Super - Allocated Pension

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 9 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 has underperformed the SuperRatings Index over the short and long term.Fees for this product are higher than the industry average across all assessed account balances. However, fees are not charged for investment switches or withdrawals and the asset administration fee is capped for account balances over $500,000.A reasonable level of pension flexibility and choice are provided, enabling members to select from 4 pension payment frequencies, ranging from monthly to annually. Members can nominate a fixed percentage drawdown order for pension payments or have their pension drawn proportionately across their investment options. A Working Income Support Pension (WISP) is also available to members transitioning to retirement.Maritime Super runs regular seminars in Sydney and at major ports around Australia. Members have access to free phone based advice and comprehensive financial planning services on a fee-for-service basis. Online calculators and personalised video statements can also be accessed through the fund’s new website and enhanced member online portal.