Sunsuper for Life - MySuper

Winner of the 2018 Fund of the Year and a finalist for the MySuper of the Year Award, Sunsuper is a Queensland based industry fund servicing the needs of employees across all industries. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes helping members from the beginning of their working life all the way through retirement. Sunsuper's MySuper Lifecycle investment strategy reduces investment risk by transitioning members 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, providing members with top quartile returns. A wide selection of investment options is also available to Choice members. Fees for the Balanced option are lower than the industry average across all assessed account balances. No establishment, contribution or investment switching fees are applicable, although an exit fee does apply. Sunsuper for Life provides a full suite of insurance cover, with automatic Death & TPD Assist cover and Opt In IP available to eligible members upon joining the fund. New members can also increase their Death & TPD Assist cover or White Collar cover by 50% for an increase in premium of 50% without underwriting within 120 days of joining. Opt In 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.