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Commonwealth Bank Group Super
Commonwealth Bank Group Super - Accumulate Plus

Commonwealth Bank Group Super - Accumulate Plus

No. of members:

Fund size:

$12.6b

Public offer:

Product type:

Corporate

Target market:

Commonwealth Bank employees

Year started:

1996

- Last updated on 09 Aug 2020

First State Super

SuperRatings awards

Past 5-year return

5.83%

Excellent value for money; Sound long term historical investment performanceBenefits associated with a large scale super fund

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First State Super terms and conditions

Past 5-year return

4.63%

Admin fee

$78

Calc fees on 50k

$413

SuperRatings awards

Solid investment returns

Low administration fees (no fees to join, contribute, switch or withdraw).

Simple investment structure with a choice of 8 options.

Best practice administration platform.

Online access 24/7.

No commissions to financial advisers.

Ability to have 3rd party employers contribute.

Commonwealth Bank Group Super was established in 1996 to provide for the retirement needs of employees of Commonwealth Bank Group. The fund is only available to current and former employees, as well as their spouses. Commonwealth Bank Group Super offers an investment menu of 4 Diversified options and 4 Single Sector options. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees for Commonwealth Bank Group Super are lower than the industry average across all account balances assessed. The fund does not charge an investment switching fee or a buy-sell spread.Commonwealth Bank Group Super's insurance offering is based on individual members' salary and can be increased and decreased if required. It 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 75% of salary, is available following a 30 or 90 day waiting period. A range of online tools, calculators and educational resources are available through the fund's website. Online access and transaction facilities are available through the member account tool FirstNet, while members' account balances are also visible within Commonwealth Bank's NetBank and Mobile App.

Commonwealth Bank Group Super Fees and Features

Admin fee $78	Health insurance
Administration fee (%) 0.17%	Binding nominations
Indirect cost ratio (%)	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.5%	Long term income protection
Account size discount

Fund fees vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Fund past-5-year return vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Investment allocation

INTERNATIONAL SHARES

AUSTRALIAN SHARES

PROPERTY

ALTERNATIVES

FIXED INTEREST

CASH

OTHER

Investment option performance

BALANCED

CONSERVATIVE BALANCE

DIVERSIFIED FIXED INTEREST

GROWTH

AUSTRALIAN SHARES

INTERNATIONAL SHARES

CAPITAL STABLE

CASH

+ View additional option performance information

Now showing 1 - 2 of 2 superannuation

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Commonwealth Bank Group Super - MySuper	4.63%	$78	Commonwealth Bank Group Super - MySuper	$413	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details
Commonwealth Bank Group Super - Accumulate Plus	4.63%	$78	Commonwealth Bank Group Super - Accumulate Plus	$413	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details