AustralianSuper

Established in 2006, AustralianSuper is a public offer multi-industry superannuation fund that manages over $120 billion in assets. It offers a low fee structure and continues to deliver excellent returns to over two million members. The fund's strong performance across key assessment criteria has contributed to the achievement of a 15th consecutive Platinum rating. AustralianSuper members have access to a range of Diversified and Single Sector investment strategies, with a Socially Aware option available to members who are concerned about environmental, human and labour rights issues. Furthermore, access to Term Deposits, ETFs and ASX300 shares is provided via the Member Direct option, however, additional costs may be incurred. The default Balanced option has delivered consistently strong outperformance over the short and long term, providing members with top-quartile returns. Fees for the Balanced option are lower than the industry average across all assessed account balances. No switching fees are charged, however exit fees do apply. AustralianSuper offers a full suite of insurance cover, which includes Death only, Death/TPD and Income Protection (IP). Members are provided with up to $600,000 of Death and/or TPD cover without any health checks, and up to $1 million worth of cover with a few health questions. IP covers up to 85% of a member's salary, with a benefit payment period of 2 or 5 years or to age 65, following a waiting period of 30 or 60 days.