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Prime Super Retirement Income Stream

Past 5-year return
9.96%
Admin fee
$68
Calculated Fees on 50k
$623
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No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
Established in 1996, Prime Super is a not-for-profit industry super fund dedicated to servicing the retirement needs of members located in rural and regional Australia. The fund caters to a diverse range of sectors including farming, agricultural, health and aged care as well as recruitment, with membership now open to the general public. A minimum initial investment of $10,000 is required to commence a Retirement Income Stream.Prime Super Retirement Income Stream provides members with access to 5 Pre-Mixed and 5 Single Sector options. The Balanced option outperformed the SuperRatings Index over the 7 year period to 30 June 2018. Fees are lower than the industry average across all account balances assessed, and the asset-based administration fee does not apply on account balances in excess of $100,000. Furthermore, no fees apply for investment switches or withdrawals.Prime Super Retirement Income Stream offers a reasonable level of pension flexibility. Members have the option to receive their pension payments in a variety of frequencies, ranging from twice-monthly to annually. Members can also nominate a particular investment option from which pension payments are to be drawn or have payments drawn pro-rata across investment options. Beneficiary options include non-binding and binding death benefit nominations, as well as reversionary pensions.A range of online resources, including calculators and factsheets are available through the fund's website. Prime Super's secure online facility; MemberOnline, allows members to view and update their account details as well as perform transactions. Full financial planning services are offered by Link Advice on a fee-for-service model.
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Fees & fund features

Admin fee
Admin fee
$68
Administration fee (%)
Administration fee (%)
0.50%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$68
Administration fee (%)
Administration fee (%)
0.50%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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