Commonwealth Bank Group Super - Accumulate Plus

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 5 years to 30 June 2018; however, outperformed over the 10 year period.Fees for Commonwealth Bank Group Super are lower than the industry average across all account balances assessed. The fund does not charge a switching fee, an exit 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.