TWUSUPER - Transuper (Corporate Division)

TWUSUPER Transuper (Corporate Division) was established in 1996 to provide for the retirement needs of members employed within the transport and logistic industries. This product is only available to current and former employees of participating employer groups.TWUSUPER offers members three investment options: Balanced (MySuper), Equity Plus and Cash Plus. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are higher than the industry average across all 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 Transuper (Corporate Division)'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.