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Virgin Money Super

Past 5-year return
New fund
Admin fee
$58
Calculated Fees on 50k
$353
One of the lowest fees in the market.
Simple and straightforward investment options including a LifeStage Tracker® option.
Automatic Insurance cover with a pre-approved level of Death and TPD cover based on your age.
Access to your super 24/7 with the ability to make changes instantly to your investment mix; plus online consolidation in less than 10 minutes.
Established in December 2016, Virgin Money Super is designed to provide a default structure for superannuation investments with competitive fees to optimise retirement incomes for members. The fund was a finalist for the 2018 Rising Star award, in recognition of consistent improvements to its product offerings which have significantly enhanced value for its members.Members have access to a default Lifestage investment strategy, LifeStage Tracker, which reduces a member's exposure to growth assets as they get older. Access to 7 Diversified and Single-Sector investment options is also provided, allowing members to create their own portfolio. As this is a new product, performance history is currently not available.Fees associated with this product are lower than the industry average across all assessed account balances. Eligible members can receive reduced asset based administration fees via the 'Virgin Money Super Baby Break' program for a maximum of 12 months. However, exit fees do apply.Automatic Death & TPD cover is provided to members upon joining the fund. Members can also apply for up to $5 million of Death cover and $2 million of Death & TPD cover. Increases in existing cover upon the occurrence of certain Life Events are also available without medical evidence required. Income Protection (IP) insurance is offered over a 2 year benefit payment period, covering up to $30,000 a month or 75% of salary, following a 90 day waiting period. Members have access to phone based simple super advice service at no additional cost, as well as comprehensive financial planning through Mercer Financial Advice.

Fees & fund features

Admin fee
Admin fee
$58
Administration fee (%)
Administration fee (%)
0.39%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.08%
Exit fee
Exit fee
$100
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.12%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$58
Administration fee (%)
Administration fee (%)
0.39%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.08%
Exit fee
Exit fee
$100
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.12%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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