AMIST MySuper

Originally established for serving members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is today a public offer industry fund with all profits generated by the fund distributed to members.The fund's MySuper product is a re-badged version of its Balanced option, which has underperformed the SuperRatings Index over the 5 years to 30 June 2017. Choice members can access 5 additional Diversified and Single-Sector investment strategies. Fees for the MySuper option are lower than the industry average across all assessed account balances. No Switching fee is charged for changing investment options and the Indirect Cost Ratio (ICR) is capped at 0.10% p.a. However, exit fees apply for withdrawals. Eligible members under age 70 automatically receive Death only, TPD and Income Protection (IP) insurance. Members can also increase their existing Death & TPD cover upon the occurrence of certain Life Events, with no health questions required. IP covers up to 75% of salary, or a maximum monthly benefit of $50,000, with a 2 year benefit payment period and a 30 day waiting period. A range of ancillary benefits are available to members, including discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Link Advice, and can request rollovers through the online MemberAccess portal.