Maritime Super - Accumulation Advantage

Maritime Super was established in 2009 from the merger between the Seafarers' Retirement Fund (SRF) and Stevedoring Employees Retirement Fund (SERF). The Accumulation Advantage product caters to members not currently employed in the seafaring or stevedoring industries.Members have access to 10 Diversified and Single-Sector investment strategies, including a Growth option with active volatility management, as well as a Fixed Term investment option. The fund's Balanced option underperformed the SuperRatings Index over the 10 year period to 30 June 2018.Fees are higher than the industry average across all account balances assessed; however, the asset-based administration fee does not apply on account balances over $500,000. Members can perform investment switches and withdrawals free of charge. A full suite of insurance cover is provided to eligible members upon joining the fund, including Basic Death and Total & Permanent Disablement (TPD) and Basic Income Protection (IP) cover. Members can apply for up to $2 million of Death & TPD cover. IP cover is provided up to a maximum of 75% of salary, with a 2 year benefit payment period and a 30 or 60 day waiting period. Maritime Super members have access to free phone based advice and comprehensive financial planning services on a fee-for-service basis. Educational videos, calculators and an online rollover tool can also be accessed through the fund’s website and enhanced member online portal.