BUSSQ - Premium Choice

BUSSQ Premium Choice was established in 2006 to provide for the retirement needs of members employed within the building and construction industry. The fund is a public offer fund and allows members from all industries to apply for membership. BUSSQ offers an investment menu of 3 diversified options and 8 single sector options. The Balanced Growth option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees for BUSSQ Premium Choice are lower than the industry average across all account balances assessed. The fund does not charge a buy-sell spread, an investment switching fee or an exit fee.BUSSQ Premium Choice's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years or to age 65, covering up to 85% of salary, is available following a 30 or 60 day waiting period. The fund provides access to a range of educational tools, as well as advisory and planning services through Skylight Financial Solutions. The fund regularly conducts information sessions to ensure members are well informed on their retirement needs.