StatewideSuper Employer Sponsored
- Last updated on 12 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$91
$731
Statewide Super was established in 1986 to provide for the retirement needs of South Australian workers. The fund is a public offer fund and allows members from all industries to apply for membership. The fund was a finalist for the 2020 MyChoice Super of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Statewide Super offers an investment menu of 6 Diversified options and 4 Single Sector options. The MySuper option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2019.Fees are higher than the industry average across all account balances assessed. Members are entitled to one free investment switch per financial year and the fund does not charge buy-sell spreads. Statewide Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years, covering up to 85% of salary, is available following a 60 day waiting period. A great range of additional benefits are provided to members, including financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the Statewide Super's rewards program. Statewide Super Online further allows members to view and update account details, as well as perform transactions.
Admin fee $91 | Health insurance |
Administration fee (%) 0.11% | Binding nominations |
Indirect cost ratio (%) | Anti-detriment payments |
Exit fee $0 | Switching fee $20 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 1.17% | 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 | |
|---|---|---|---|---|---|---|---|---|
4.00% | $91 | StatewideSuper Employer Sponsored | $731 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.00% | $91 | StatewideSuper Personal | $731 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
New Fund | $91 | StatewideSuper MySuper | $731 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details |
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