Statewide Super

StatewideSuper Pension Plan

No. of members: 142749
Fund size: $9.7b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 1999
Past 5-year return
4.34%
Admin fee

$91

Calc fees on 50k

$676

SuperRatings awards
Past 5-year return
4.34%
Admin fee

$91

Calc fees on 50k

$676

SuperRatings awards

Pros and Cons

Pros and Cons

  • 10 investment options including diversified and single sector options.
  • Members have access to free financial planning.
  • Flexible investment switching arrangements available.
  • Member seminars.
  • Real people to answer any member's questions.
  • Secure 24/7 website access via Statewide Super Online.

Summary

Statewide Super was established in 1986 to provide for the retirement needs of South Australian workers, with the Statewide Super Pension Plan commencing in 1999. The fund is a public offer fund and allows members from all industries to apply for membership. The fund was nominated as a finalist for the 2020 MySuper of the Year award and the 2020 MyChoice Super of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Statewide Super offers an investment menu of 6 Diversified options and 4 Single Sector options. The Growth option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees for the pension product are higher than the industry average across all account balances assessed, with the administration fee capped at $1,000 pa. Members are entitled to one free investment switch per financial year and the fund does not charge buy-sell spreads.Statewide Super offers good 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 and non-binding lump sum death benefits.A great range of additional benefits are provided to members, including financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the Statewide Super's rewards program.

Features and Fees

Statewide Super Fees and Features

    Pros and Cons

    • 10 investment options including diversified and single sector options.
    • Members have access to free financial planning.
    • Flexible investment switching arrangements available.
    • Member seminars.
    • Real people to answer any member's questions.
    • Secure 24/7 website access via Statewide Super Online.

    Statewide Super was established in 1986 to provide for the retirement needs of South Australian workers, with the Statewide Super Pension Plan commencing in 1999. The fund is a public offer fund and allows members from all industries to apply for membership. The fund was nominated as a finalist for the 2020 MySuper of the Year award and the 2020 MyChoice Super of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Statewide Super offers an investment menu of 6 Diversified options and 4 Single Sector options. The Growth option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees for the pension product are higher than the industry average across all account balances assessed, with the administration fee capped at $1,000 pa. Members are entitled to one free investment switch per financial year and the fund does not charge buy-sell spreads.Statewide Super offers good 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 and non-binding lump sum death benefits.A great range of additional benefits are provided to members, including financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the Statewide Super's rewards program.

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    Statewide 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
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      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
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