Sunsuper

Sunsuper for Life - Income Account

No. of members: 1406647
Fund size: $65.4b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2001
Past 5-year return
6.48%
Admin fee

$78

Calc fees on 50k

$453

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
6.48%
Admin fee

$78

Calc fees on 50k

$453

SuperRatings awards

Pros and Cons

Pros and Cons

  • Sunsuper for Life provides a solution to serve you for the whole of your life.
  • Today and tomorrow investment strategy and disciplined investment philosophy.
  • Top-up facility and award winning Retirement Bonus.

Summary

Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2020 Fund of the Year Award and was also nominated as a finalist for the 2020 Pension of the Year Award. 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 outperformed the SuperRatings Index over each time period assessed to 30 June 2019.Fees are lower than the industry average across all assessed account balances, with the asset administration fee charge 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.

Features and Fees

Sunsuper Fees and Features

    Pros and Cons

    • Sunsuper for Life provides a solution to serve you for the whole of your life.
    • Today and tomorrow investment strategy and disciplined investment philosophy.
    • Top-up facility and award winning Retirement Bonus.

    Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2020 Fund of the Year Award and was also nominated as a finalist for the 2020 Pension of the Year Award. 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 outperformed the SuperRatings Index over each time period assessed to 30 June 2019.Fees are lower than the industry average across all assessed account balances, with the asset administration fee charge 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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    Sunsuper 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
      PROPERTY
      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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