Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was nominated as a finalist for the 2021 Pension of the Year and the 2021 Momentum awards. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement. Members have access to an investment menu comprising 19 Diversified and Single Sector options, including both actively managed and index investment strategies. The Balanced option underperformed the SuperRatings Index over the year to 30 June 2020; however, outperformed over the longer term.Fees are lower than the industry average across all assessed account balances, with the asset administration fee charged on account balances up to $800,000 only. Members are able to switch investment options at no cost. Sunsuper for Life's Income Account provides members with a good level of flexibility, with the ability to choose from multiple payment frequencies, ranging from fortnightly to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option or have their payments made proportionately across their account balance. Members can also choose the Today and Tomorrow Strategy at commencement, which allocates twice the nominated income payment amount in the Cash option and the remaining account balance in the Retirement option. Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online. The fund's Retirement Bonus further provides eligible new members with a payment of up to $4,800.

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