Home
Pension Funds
Suncorp Bank
Suncorp Everyday Super - Pension

Suncorp Everyday Super - Pension

No. of members:

117575

Fund size:

$6.3b

Public offer:

Product type:

Master Trust-Allocated Pension

Target market:

Year started:

2013

- Last updated on 02 Jun 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.54%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

Go to site

QSuper terms and conditions

Pension summary
Fees & fund features
Performance
Products
Similar

Past 5-year return

New Fund

Admin fee

$78

Calc fees on 50k

$498

SuperRatings awards

Suncorp Everyday Super pension is a new, straightforward, low cost superannuation account that speaks your language. Incorporating a transition to retirement or pension account, it's visible alongside your banking accounts and helps provide a clear path by tailoring your investment strategy to your lifestage. You can also choose your own investment mix from a selection of five single sector investment options. You'll also have access to online and phone advice as well as regular communications with tools and tips to help manage your savings.

Suncorp is one of Australia's largest banking and general insurance groups, with over $96 billion in assets. Suncorp Everyday Super is part of the Suncorp Master Trust and is a whole of life offer comprising Business Super, Personal Super, Transition to Retirement and Account Based Pension.The fund offers Suncorp Lifestage Funds which are tailored to suit the investment needs and risk profile of investors within specified age groups. Members can also build their own investment portfolio from five Single Sector investment options. Limited performance data is currently available for this product; however, the Suncorp Lifestage Fund 1960-1964 underperformed the relevant SuperRatings index over the 12 months to 30 June 2019. Fees are lower than the industry average across all account balances assessed. No administration fee is charged on balances in the Suncorp Cash Fund. Members are not charged an investment switching fee, although a buy/sell spread may apply.Suncorp Everyday Super offers good flexibility, with members having the ability to receive payments twice monthly through to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options include non-lapsing binding death benefit nomination and reversionary pensions.A range of online tools, calculators and educational resources are available through the fund's website. Online account access and transaction facilities are available through the secure online facility, while members' account balances are also visible via Suncorp's Internet Banking and Mobile Banking App.

Suncorp Bank Fees and Features

Admin fee $78	Health insurance
Administration fee (%) 0.65%	Binding nominations
Indirect cost ratio (%) 0.01%	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.18%	Long term income protection
Account size discount

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

AUSTRALIAN SHARES

INTERNATIONAL SHARES

PROPERTY

CASH

+ View additional option performance information

Now showing 1 - 2 of 2 pension funds

Sort by

Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Suncorp Brighter Super - Pension	New Fund	$0	Promoted Suncorp Brighter Super - Pension	$420	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details
Suncorp Everyday Super - Pension	New Fund	$78	Promoted Suncorp Everyday Super - Pension	$498	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details

Data last updated on 2 Jun 2020

Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Past performance is not a reliable indicator of future performance. More detailed performance data is available by clicking on the details button.

Popular pension funds products

netwealth Super Accelerator Plus - Standard Income Stream

$175

$748

Consolidated reports covering all superannuation investments.
Simplicity of dealing with only one contact for all investment transactions.
Selected term deposits offered by authorised deposit taking institutions.

Alcoa - Pensions

$113

$558

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.

netwealth Super Wrap - Standard Income Stream

$859

Wide range of investment options including managed funds, direct equities, international shares, term deposits.
Free switching between managed funds.
Access to international shares.
Selected term deposits offered by authorised deposit taking institutions.