Prime super

Prime Super Retirement Income Stream

No. of members: 131615
Fund size: $5.1b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2006
Past 5-year return
7.37%
Admin fee

$80

Calc fees on 50k

$604

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
7.37%
Admin fee

$80

Calc fees on 50k

$604

SuperRatings awards

Pros and Cons

Pros and Cons

  • 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

Summary

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 6 Pre-Mixed and 5 Single Sector options. The Balanced option outperformed the SuperRatings Index over the 10 years to 30 June 2019. 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.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 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.

Features and Fees

Prime super Fees and Features

    Pros and Cons

    • 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 6 Pre-Mixed and 5 Single Sector options. The Balanced option outperformed the SuperRatings Index over the 10 years to 30 June 2019. 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.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 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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    Prime 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
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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