StatewideSuper MySuper

Statewide Super was initially established in 1986 for the benefit of South Australian workers, with membership also open to the general public. The fund was the winner of the 2018 Rising Star award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.The fund's MySuper offering comprises a single diversified investment option, MySuper. The MySuper option has outperformed the SuperRatings Index over the short and medium term, while longer term performance history is currently not available. Choice members have access to both Diversified and Single Sector options.Fees are lower than the industry average across all account balances assessed. Members are entitled to one free investment switch per financial year, while an exit fee is charged for full and partial withdrawals.Statewide Super provides a full suite of insurance cover, with eligible members automatically provided with a basic level of insurance cover upon joining the fund, including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover. Income Protection is available with a maximum of 85% of salary with benefit payment periods of 2 years or to age 65 and a 45 day waiting periods. The non-standard IP waiting period of 45 days prevents the premiums from being displayed overleaf.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.