Sunsuper for Life - MySuper

Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was a finalist for the 2019 MySuper of the Year Award and the winner of the 2019 Best New Innovation Award for Sunsuper BEAM. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.Sunsuper’s MySuper Lifecycle investment strategy reduces investment risk by transitioning the member to more conservative strategies as they get older, with investments gradually switched from the Balanced Pool to the Retirement and Cash Pools from age 55 to 65. The Balanced option has outperformed the SuperRatings Index over the short and long term. Choice members have access to a wide selection of investment options. Fees are lower than the industry average across all assessed account balances, with the asset administration fee charge on account balances up to $800,000 only. Members are able to switch investment options at no cost. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Members can apply for unlimited Death cover and up to $3 million of TPD cover through Tailored Death and TPD cover. Opt In Income Protection (IP) provides eligible new members with a benefit payment period of 2 years following a 90 day waiting period, covering up to 85% of salary, while 5 year or to age 65 benefit periods with 30, 60 or 180 day waiting periods can also be accessed through the Tailored IP cover. Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.