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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. 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 and 7 year periods to 30 June 2020.Fees for the pension product are lower than the industry average across all account balances assessed, with the administration fee capped at $750 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.
Statewide Super Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Past 5-year return
Calc fees on 50k
Variety of options
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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.