QSuper - Accumulation

A finalist for the 2019 MyChoice Super of the Year award, QSuper is one of Australia's largest and oldest superannuation funds and was originally established to provide for the retirement needs of Queensland Government 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, 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 2 years, 5 years or to age 65, covering up to 87.75% of salary, is available following a 30, 60 or 90 day waiting period. The fund offers high quality educational material, interactive tools and calculators, as well as seminars and financial planning services at no additional cost. Further, members are able to view and update account details, as well as perform transactions through the secure Member Online portal.