Catholic Super - Default Strategy

Catholic Super is a division of the MyLifeMyMoney Superannuation Fund and was established in 1971 to offer superannuation for the employed and the self-employed. The Fund was a finalist for the 2018 MySuper of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.The fund's MySuper offering, the Default Strategy, is a lifecycle investment option where member's investments are allocated depending on their age into the existing Aggressive (MySuper) option up to age 50, while slowly transitioning into the Balanced (MySuper) option by age 53. Switches between the two MySuper options happen automatically within 3 months of the member's relevant birthdate, and members can opt in or out of the Default Strategy at any time. The Balanced (MySuper) option has outperformed the SuperRatings Index over the short and long term. Fees are higher than the industry average across all account balances assessed. No fees are charged for switching investments; however, withdrawal and exit fees are applied. A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided upon joining the fund. Income Protection is available to a maximum of 85% of salary, with benefit payment periods of 5 years, to age 65 or to age 70, and a choice of a 30 day and a 60 day waiting period.Catholic Super provides members with access to a free seminar program, as well as a range of online fact sheets, calculators and educational videos. The fund's secure online facility, MyLife Online, further allows members to view and update account details and perform transactions.