TWUSUPER - Balanced (MySuper)

TWUSUPER Balanced (MySuper) was established to service 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 MySuper Balanced (MySuper) 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 the 5 years to 30 June 2018.Fees are competitive across smaller account balances, but remain higher than the industry average across larger account balances assessed. The fund does not charge a buy-sell spread, although an exit fee will be charged on transfers from the account. The Direct Expense Recovery fee of 0.25% is also capped at $750 per annum. TWUSUPER Balanced (MySuper)'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.