Meat Industry Employees Superannuation Fund
- Last updated on 04 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$122
$397
MIESF is an accumulation superannuation fund that was established over 30 years ago to provide superannuation to employees in the meat industry.The fund offers a limited choice of 2 Diversified investment options. The MIESF MySuper option (where data has been available) has underperformed the relevant SuperRatings Index over the long term with outperformance over the shorter term.The fund’s fees are lower than the industry average across all assessed account balances. Members are not charged an investment switching fee or a buy/sell spread. MIESF provides Death and Total and Permanent Disablement (TPD) insurance cover to all eligible members. New members will have their death cover restricted to $100,000 until one year after the fund receives their first employer contribution. Income Protection (IP) insurance is not available through this fund. Due to limited information and the linked nature of the Death and TPD cover in the fund SuperRatings is unable to complete a comparative analysis of the insurance cover provided. Refer to the insurance guide for more detailed information on the insurance provided.The fund provides occasional newsletters to members and has some education tools available on the website. Overall this is a low cost fund that provides relatively limited additional benefits to members.
Admin fee $122 | Health insurance |
Administration fee (%) 0.1% | 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 0.45% | 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 | |
|---|---|---|---|---|---|---|---|---|
New Fund | $122 | Meat Industry Employees Superannuation Fund - MySuper | $397 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
New Fund | $122 | Meat Industry Employees Superannuation Fund | $397 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details |
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