Maritime Super - Accumulation Advantage
- Last updated on 06 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$78
$813
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. Effective December 2019, the fund changed the default MySuper option from the Moderate option to the new MySuper Lifecycle investment strategy. The fund's Balanced option underperformed the SuperRatings Index over the 10 year period to 30 June 2019.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 at no cost. 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 90 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, mobile application and enhanced member online portal.
Admin fee $78 | Health insurance |
Administration fee (%) 0.28% | Binding nominations |
Indirect cost ratio (%) 0.86% | 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 0.33% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
4.40% | $78 | Maritime Super - Seafarers Contributory Accumulation | $813 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.40% | $78 | Maritime Super - Accumulation Advantage | $813 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.40% | $78 | Maritime Super - Stevedores Accumulation Basic | $813 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.40% | $78 | Maritime Super - Stevedores Accumulation PLUS | $813 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
3.38% | $78 | Maritime Super - MySuper | $853 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details |
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