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Quick pension fund review
For VicSuper Flexible Income
These are the benefts of this pension fund.
- Daily unit pricing & investment switching
- Internally administered - better service for our members
- Strong and long term commitment to sustainability
- Access to super and retirement advice usually at no extra cost
Established in 1994 to administer the superannuation of Victorian Government employees, VicSuper is now a division of Aware Super. In July 2020, VicSuper merged into Aware Super and together they are one of Australia’s largest super funds, managing more than $120 billion in savings for more than 1 million members. In addition to the VicSuper Flexible Income account, members can also access the two Guaranteed Income accounts, which are designed to offer a guaranteed, regular income while providing additional protection against inflation and longevity risks. Members have access to 8 Diversified and Single-sector investment strategies, including a Socially Conscious option, as well as Term Deposits. VicSuper's Growth Option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all assessed account balances, with the asset-based administration fee capped at $1,500 pa. The fund does not charge an investment switching fee or a buy-sell spread. VicSuper Flexible Income provides members with a good level of flexibility, with the ability to choose from multiple payment frequencies, ranging from twice monthly to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option or have their payments made proportionately across their account balance. Alternatively, the default order can be chosen to draw payments from the most conservative option first. Additional benefits available include access to seminars, financial advice services, high quality educational programs, interactive tools and calculators, including Beeline, as well as the ability to view account details and perform transactions online.
Pension fund overview
For VicSuper Flexible Income
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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