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BUSSQ - Premium Choice

Past 5-year return
8.13%
Admin fee
$117
Calculated Fees on 50k
$662
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Online services provided for account access, investment information, transaction switching and increasing insurance
All profits returned to members.
Full suite of Death, TPD and Income Protection (IP) on offer as well as access to IP through CIPQ for self-employed persons
Access to advice at no extra cost, either over the phone or in-person.
Free member retirement planning seminars.
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.
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Fees & fund features

Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.09%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.09%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Past 5-year return
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Calculated Fees on 50k
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