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Russell iQ Super - MySuper

Past 5-year return
6.83%
Admin fee
$78
Calculated Fees on 50k
$693
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Significant member education functions and online learning centre.
Free employer seminars.
Flexible insurance options.
External financial advice solution.
Specialist general advice call centre team.
Data mining tool updated daily for better segmentation and client relationship management.
Russell iQ Super is offered by Russell Investments, a leading global asset manager. Russell iQ Super Employer caters for people who are in an employer-sponsored plan. Employer plans may have certain features that differ from employer to employer, including the availability of investment choice, fees and insurance needs. Russell MySuper is the fund's default option, whilst choice members may also select from a range of Diversified and Single Sector investment options. The Russell MySuper option underperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees for iQ Super Employer are difficult to assess, as they are tailored to each employer plan and may vary substantially (and in some cases fees may be paid for by the employer). Based on publicly available information, fees are lower than the industry average across small and medium account balances assessed.Russell offers a full suite of insurance cover, including unlimited Death Only cover, Total & Permanent Disablement (TPD) cover up to a maximum of $3 million and Income Protection up to 75% of salary. Insurance cover and design is also tailored to meet employers' needs and may vary from plan to plan, therefore premium rates provided here are indicative only. A range of online tools, calculators and educational resources are available through the fund's website. Further, members are able to view and update account details, as well as perform transactions through secure online account access.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.58%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.29%
Exit fee
Exit fee
$99
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.36%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
$78
Administration fee (%)
Administration fee (%)
0.58%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.29%
Exit fee
Exit fee
$99
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.36%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
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FAQs

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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