To learn more about the Your Future, Your Super performance test, click here.
MySuper is simple, cost-effective super accumulation account that can help you take control of your financial future.
What is MySuper?
MySuper is a government initiative to provide low-cost, simple super product as a default super arrangement. This came out of the government’s Stronger Super reforms. The goal is to provide a simple, low-fee investment vehicle that protects and grows your retirement savings.
The benefits of MySuper
- Lower fees – the types of fees that can be charged are restricted, making it easier to compare different funds
- Basic features to ensure that you’re not paying for something that you may not need
- Is designed to ensure members are exposed to the appropriate mix of growth and defensive assets based on their age and investment time horizon.
- Death and Total and Permanent Disablement insurance cover provided once you are at least 25 years old and have an account balance of at least $6,000.
MySuper makes it easier to make informed decisions around your choice of fund and investments.
Our LifetimeOne option is diversified across all major asset classes and is designed to produce high returns over the long-term. Members will be automatically moved between different asset mixes based on their age.
APRA, the superannuation regulator, has notified the Fund that our MySuper option has not passed the annual performance test. Click here for more information.