QSuper - Accumulation

A finalist for the 2019 MyChoice Super of the Year award, QSuper was established in 1990 to provide for the retirement needs of members employed within the Queensland Government and related entity employees. The fund is now a public offer fund and allows members from all industries to apply for membership.QSuper offers an investment menu of 4 Diversified options and 4 Single Sector options, as well as Self Invest, which provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The QSuper Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. Administration fees paid in excess of $900 are refunded to the member in July of the following financial year. The fund does not charge a switching fee, an exit fee, or a buy-sell spread.QSuper's insurance offering allows eligible members to apply for up to $3 million of Death cover and up to $3 million of Total and Permanent Disability (TPD) cover. Income Protection with a benefit period of 3 years, 5 years or to age 65, covering up to 87.75% of salary, is available following a 14, 30, 60 or 90 day waiting period. The fund offers high quality educational material, interactive tools and calculators, as well as free seminars and subsidised financial planning services. Further, members are able to view and update account details, as well as perform transactions through secure Member Online portal.