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TWUSUPER - Transuper (Corporate Division)

TWUSUPER - Transuper (Corporate Division)

No. of members:

109162

Fund size:

$5.9b

Public offer:

Product type:

Industry-Non Public Offer

Target market:

Transport and Logistics Workers

Year started:

1996

- Last updated on 06 Jul 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.84%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

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QSuper terms and conditions

Super summary
Fees & fund features
Performance
Products
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Past 5-year return

4.59%

Admin fee

$78

Calc fees on 50k

$758

SuperRatings awards

Low fees for members with no fees charged for employer groups.

EmployerAccess for online transactions and educational information.

Integrated financial advice options - single issue over the phone to full planning service. Financial planning and workplace education seminars for members.

Regular education communications provided for members/employers.

Customer service team can assist members at work or home.

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 all assessed time periods to 30 June 2019.Fees are higher than the industry average across all 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.

Twusuper Fees and Features

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

THIS FUND

INDUSTRY AVERAGE

Fund past-5-year return vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Investment allocation

INTERNATIONAL SHARES

AUSTRALIAN SHARES

PROPERTY

ALTERNATIVES

FIXED INTEREST

CASH

OTHER

Investment option performance

BALANCED

HIGH GROWTH

SECURE

+ View additional option performance information

Now showing 1 - 4 of 4 superannuation

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features
TWUSUPER - Balanced (MySuper)	4.59%	$78	TWUSUPER - Balanced (MySuper)	$758	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
TWUSUPER - Industry	4.59%	$78	TWUSUPER - Industry	$758	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
TWUSUPER - TransPersonal	4.59%	$78	TWUSUPER - TransPersonal	$758	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
TWUSUPER - Transuper (Corporate Division)	4.59%	$78	TWUSUPER - Transuper (Corporate Division)	$758	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details