UniSuper

UniSuper - Flexi Pension

No. of members: 496145
Fund size: $77.5b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 1998
Past 5-year return
7.25%
Admin fee

$96

Calc fees on 50k

$396

SuperRatings awards
Past 5-year return
7.25%
Admin fee

$96

Calc fees on 50k

$396

SuperRatings awards

Pros and Cons

Pros and Cons

  • Relatively low cost personalised, professional and easily accessible "fee-for-service" financial advice in-house facility.
  • Locally provided free general advice seminars covering a wide range of topics.
  • Significant web based member information an online facility.
  • In-house service and call centre functions complemented by state based education and personal advice staff.

Summary

UniSuper is an industry fund established for those working in the Australian higher education and research sector and their families. The fund was nominated as a finalist for the 2020 Pension of the Year and 2020 Net Benefit awards.UniSuper offers a range of 16 investment options to choose from, providing members with access to 7 Pre-Mixed and 9 Single Sector options. The Balanced option has provided strong investment returns to members, outperforming the SuperRatings Index over each time period assessed to 30 June 2019.Fees are competitive and lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $1,250 pa. The first investment switch each financial year is free of charge, with a fee charged for subsequent switches.UniSuper provides excellent flexibility, with members having the ability to receive pension payments fortnightly through to annually which can be allocated to up to four financial institutions. Members with more than one investment option can nominate the order in which payments are to be drawn from each option, pro-rata against their investments or use the fund's default drawdown order. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.UniSuper provides members with access to a range of online fact sheets, calculators, educational videos and on-demand webcasts and podcasts. The fund's MemberOnline further allows members to view and update account details, as well as perform transactions. Additionally, members are now able to apply for a Flexi Pension via an online application.

Features and Fees

UniSuper Fees and Features

    Pros and Cons

    • Relatively low cost personalised, professional and easily accessible "fee-for-service" financial advice in-house facility.
    • Locally provided free general advice seminars covering a wide range of topics.
    • Significant web based member information an online facility.
    • In-house service and call centre functions complemented by state based education and personal advice staff.

    UniSuper is an industry fund established for those working in the Australian higher education and research sector and their families. The fund was nominated as a finalist for the 2020 Pension of the Year and 2020 Net Benefit awards.UniSuper offers a range of 16 investment options to choose from, providing members with access to 7 Pre-Mixed and 9 Single Sector options. The Balanced option has provided strong investment returns to members, outperforming the SuperRatings Index over each time period assessed to 30 June 2019.Fees are competitive and lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $1,250 pa. The first investment switch each financial year is free of charge, with a fee charged for subsequent switches.UniSuper provides excellent flexibility, with members having the ability to receive pension payments fortnightly through to annually which can be allocated to up to four financial institutions. Members with more than one investment option can nominate the order in which payments are to be drawn from each option, pro-rata against their investments or use the fund's default drawdown order. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.UniSuper provides members with access to a range of online fact sheets, calculators, educational videos and on-demand webcasts and podcasts. The fund's MemberOnline further allows members to view and update account details, as well as perform transactions. Additionally, members are now able to apply for a Flexi Pension via an online application.

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    UniSuper 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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