Commonwealth Superannuation Corporation

Commonwealth Superannuation Corporation retirement income

No. of members: 140439
Fund size: $15.3b
Public offer:
Product type: Government-Allocated Pension
Target market: -
Year started: 2013
Past 5-year return
6.94%
Admin fee

$240

Calc fees on 50k

$840

SuperRatings awards
Past 5-year return
6.94%
Admin fee

$240

Calc fees on 50k

$840

SuperRatings awards

Pros and Cons

Pros and Cons

  • A retirement and transition to retirement product specifically for Australian Government employees .
  • Access to fee-for-service financial planning from Industry Fund Services, with no hidden commissions.
  • Free Holistic retirement education, retirement planning Seminars and workshops.
  • All APS members can use external monies to establish a CSCri account.
  • Members can add additional money via the 'Restart option'.

Summary

Commonwealth Superannuation Corporation retirement income (CSCri) was established in 2013 to provide for the retirement needs of employees of the Australian Government and other participating employers. A minimum initial investment of $20,000 is required to commence membership. CSC PSSap was nominated as a finalist for the 2020 Smooth Ride Award. CSCri offers an investment menu of 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2019.Fees are higher than the industry average across small account balances assessed, however remain competitive for larger account balances. The fund allows members two free investment switches per financial year before charging a switching fee, although a buy/sell spread may apply.CSCri offers a reasonable level of pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination, non-binding lump sum death benefits and child nominations.The fund provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.

Features and Fees

Commonwealth Superannuation Corporation Fees and Features

    Pros and Cons

    • A retirement and transition to retirement product specifically for Australian Government employees .
    • Access to fee-for-service financial planning from Industry Fund Services, with no hidden commissions.
    • Free Holistic retirement education, retirement planning Seminars and workshops.
    • All APS members can use external monies to establish a CSCri account.
    • Members can add additional money via the 'Restart option'.

    Commonwealth Superannuation Corporation retirement income (CSCri) was established in 2013 to provide for the retirement needs of employees of the Australian Government and other participating employers. A minimum initial investment of $20,000 is required to commence membership. CSC PSSap was nominated as a finalist for the 2020 Smooth Ride Award. CSCri offers an investment menu of 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2019.Fees are higher than the industry average across small account balances assessed, however remain competitive for larger account balances. The fund allows members two free investment switches per financial year before charging a switching fee, although a buy/sell spread may apply.CSCri offers a reasonable level of pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination, non-binding lump sum death benefits and child nominations.The fund provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.

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    Commonwealth Superannuation Corporation 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
      CAPITAL STABLE
      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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