RetireSelect Super

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Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$620
Low fees, simple fee structure
Simple online application form
Simple core investment options, plus Self-Managed Investment Options
Competitive group and retail insurance offers
Easy to use online member portal; Comprehensive financial advice available
RetireSelect Super was established in November 2013 through the MAP Superannuation Plan Division II. It is a public offer superannuation fund, which offers a low cost solution to individuals wanting greater flexibility in investment choices. The RetireSelect Super investment menu consists of five Diversified and Single-Sector strategies. Furthermore, direct access to ASX300 Shares, Term Deposits, Managed Funds and Managed Account Portfolios is also provided through the Super Wrap investment option. The Balanced option has underperformed the SuperRatings Index over the past three years, while long-term returns are not currently available. Fees for this product are lower than the industry average across small and medium account balances assessed, with higher than average fees charged on large account balances. We note a minimum administration fee of $120 pa applies to small account balances. Exit fees and switching fees are also applicable, with members entitled to 2 free switches each year. Moreover, an ongoing advice fee may also apply, however, this can be negotiated with the financial adviser. RetireSelect Super offers flexible insurance solutions with a choice of group life cover or retail insurance. Automatic Death and TPD cover is provided to members upon joining the fund. Members can also apply for unlimited Death only cover and up to $3 million of Death & TPD cover. Income Protection (IP) insurance is optional, covering 85% of a member's salary over a 2 year or to age 65 benefit period, with a choice of 30 or 90 day waiting period. Members have access to a quick and simple application process and can track their account information or vary insurance cover via an easy to use online portal.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.10%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$25
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
$0
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.10%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$25
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
+ View additional option performance information
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