TWUSUPER - Balanced (MySuper)
- Last updated on 04 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$78
$758
TWUSUPER was established in 1984 to provide for the retirement needs of members employed within the transport and logistic industries. The fund is a public offer fund and allows members from all industries to apply for membership.The Balanced (MySuper) option is the fund's default option, whilst choice members may also select from the Equity Plus or Cash Plus investment options. The Balanced (MySuper) option underperformed the relevant SuperRatings Index over all assessed time periods to 30 June 2019.Fees are higher than the industry average across medium and larger account balances assessed; however, the Direct Expense Recovery fee of 0.25% is capped at $750 per annum. The fund does not charge a buy-sell spread or switching fees. TWUSUPER's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $2.5 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection is available covering up to 84.5% of salary with a 2 year benefit period following a 30, 60 or 90 day waiting period. Members receive access to financial advice, as well as a range of educational material and industry related news. The fund offers free retirement seminars, which are held around Australia, to ensure members are well informed on their retirement needs.
Admin fee $78 | Health insurance |
Administration fee (%) 0.31% | Binding nominations |
Indirect cost ratio (%) 0.92% | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.13% | 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 | |
|---|---|---|---|---|---|---|---|---|
4.59% | $78 | TWUSUPER - Industry | $758 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
4.59% | $78 | TWUSUPER - TransPersonal | $758 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.59% | $78 | TWUSUPER - Balanced (MySuper) | $758 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.59% | $78 | TWUSUPER - Transuper (Corporate Division) | $758 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details |
Popular superannuation products
