Sunsuper is a queensland based industry fund providing superannuation services to employees across all industries. Past performance is not a reliable indication of future. Sunsuper also accepts rollovers and transfers of australian superannuation money. Scott pape, the author of the bestselling the barefoot investor books, has. Read on to learn more about the ways you can invest. Find our live sunsuper balanced fund basic information. The fund was the winner of the 2020 fund of the year award and was also nominated as a finalist for the 2020 mysuper of the year award. Sunsuperletterofcompliance sunsuper pty ltd 30 little. Apr 27, 2016 sunsupers new total and permanent disability tpd insurance product will reduce premiums for default members by 15 per cent. That means only a single set of fees, plus easier account management. Find and combine your super sunsuper rollover tool. The balanced option outperformed the superratings index over each time period assessed to 30 june 2019. The chant west data is based on information provided by third parties that is believed to be accurate at 30 june 2019.
Sunsuper for life and has the mysuper product unique identifier of 98 503 7 921 996. The fund was the winner of the 2020 fund of the year award and was also nominated as a finalist for the 2020 pension of the year award. Sunsupers executive general manager, growth and advice michael mulholland said the fund. Outgoing sunsuper investment head backs controversial plan. We support local causes that help improve the lives of many australians and our communities. Product disclosure statements are a standard for financial services products in australia. Sunsuper superannuation funds pds product disclosure. I briefly comment on the need for the changes and provide a summary of the pertinent changes to the tpd insurance cover. Sunsuper has been named superratings 2020 fund of the year for offering the bestvalue endtoend product for our members. Get to know how super fees work and what theyre made up of for our different investment options. Sunsuper wants more coinvest, zero fees investment magazine. Sunsuper is the awardwinning, profitformembers super fund named superratings 2020 fund of the year. To apply, change or cancel your insurance cover, you can. Sunsuper superannuation fund in the spotlight canstar.
Sunsuper sets investment fees to match expected costs. The sunsuper for life corporate plan guide contains information about the insurance and fees in your sunsuper for life corporate plan, including insurance terms and conditions. Investment fees are the fees charged to you for managing each investment option. Superannuation is a financial product, and as a financial product is requires the statement of disclosure regarding the product. Sunsuper for lifes income account provides members with a good. Information and inspiration to help you plan your future, manage your super and enjoy your retirement. By consolidating your super, you put all of it in one place and with one super fund. Contribution and rollover acceptance statement sunsuper accepts all contribution types including superannuation guarantee contributions from employers. Sunsuper is one of the most awarded and fastest growing funds and our sustained growth and focus on our members has increased the complexity that our people deal with every day, which can be interesting, fastpaced and demanding at times.
Sunsuper were ere to elp for life you desere corporate plan guide. Find out how to combine your super into sunsuper account and save thousands on fees in the long term. Apr 27, 2020 compare retail and industry super funds based on annual fees and past performance returns to find the best super fund for your needs, and retire with more. The actual administration fee will be based on your actual account balance. Sunsuper puts money back into the pockets of pensioners by slashing fees on all of its pension products. Refer to the fees and costs section of the sunsuper for life guide, and the sunsuper for life insurance guide. Members are able to switch investment options at no cost. Sunsuper named super fund of the year money management.
These changes mark a radical shift in total permanent disability tpd insurance. If youre unsure about whats best for you, you can access expert financial advice from us. While combining your super into a single account in one fund may mean you pay less in fees and have less paperwork to deal with, it will also mean that any. Sunsuper superannuation fund is required to provide a product disclosure statement to ensure that each customers understands how their superannuation works. Balanced, rest index funds, sunsuper index, and media super.
Before you leave, its a good idea to make sure you understand all your options and the many great benefits of being with sunsuper. Members with life insurance are also automatically covered for total and permanent. Scott pape takes aim at hostplus, unlisted investments. May 05, 2016 sunsuper has overhauled its total and permanent disability tpd insurance cover in a move that will see an average premium reduction of 15% for more than 90% of its one million members. In february 20, sunsuper was awarded a mysuper authority. Complete the online application and, depending on the cover you are applying for, you may receive an immediate approval, or your online application will be forwarded to our underwriter for further assessment.
Sunsuper gives you complete access to your super anywhere, anytime with member online and the sunsuper app. I thought exactly the same thing middle to late 2019. Sunsuper and the financial planning association of australia fpa have today announced the launch of a national advice referral program that is set to benefit many of the funds 1. Sunsuper for life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their. Corporate pds and your sunsuper for life corporate insurance guide for more. Sunsuper waives fee on new advice program investordaily. The estimated investment fees are our best estimates based on recent experience and our current longterm expectations for ongoing investment costs. Consolidate your super merge super accounts australiansuper. Sunsuper and the fpa enter into advice partnership the. The new product, tpd assist, will remove waiting periods for a majority of claims as well as a replace lump sum payments with annual support payments. May 12, 2009 sunsuper is set to offer its members a new advice and retirement planning program that includes free financial planning. In november 2015, sunsuper appointed new cio ian patrick. There will be no additional fees charged to transfer your account from cbh super to sunsuper.
Canstar asked some questions of sunsupers general manager product, andrew nicholson. Sunsuper superannuation fund has 1,6,865 members, which ranks it at number 3 largest of 150 funds. Qsupers accumulation account, balanced option only, ranked fourth. Sunsuper new tpd product reduces premiums by 15 per cent. By paying fees on three accounts, grace pays more each year.
Click below to see how they compare to other funds. Hostplus, over changes to withdrawal rules and funds in general that invest in. Sunsuper superannuation fund had a growth in the number of member accounts in the 2019 financial year of 10%, which is the 24 largest growth of the 150 funds that provided this information. The information in this plan guide forms part of the sunsuper for life corporate product disclosure statement pds issued on 1 july 2015. The full range of fees and costs associated with an investment in sunsuper supersavings accounts. We understand that at the heart of every piece of financial advice is a person like you. The income account request and set up booklet is the separate pullout. Mar 05, 2020 sunsuper life insurance gives you the ability to protect your financial situation at a very competitive cost.
Qsuper award winning, profit for member super fund. Fees and costs in your supersavings account sunsuper. Well, today im going to tell you about a super fund that has zero fees. Use this form to transfer your super out of sunsuper to another super fund. Sunsuper wants more coinvest, zero fees sarah jones october 14, 2019 2. In april 2017, sunsuper and kinetic super announced a merger. Sep 20, 2015 outgoing investment chief of sunsuper david hartley believes the plan to appoint onethird independent directors and independent chairs will be good for the industry. Since 2015, weve also held canstars highest 5stars outstanding value rating for outstanding value superannuation. Consolidate your super to stop paying multiple fees and make it easier to manage.
Sunsuper announced that from 1 july 2016, their superannuation insurance will be changing. Forms and publications downloadable superannuation forms. Investment fees and costs are in addition to the above. If youve moved to new zealand permanently, use this form to transfer your super savings to a kiwi saver. Aug 20, 2015 sunsuper discovers tpd is not permanent for one third of claimants david rowley august 20, 2015 11. Sunsuper members have access to offers and discounts on holidays, experiences and every day items. The new product, called tpd assist, is due to be launched in july and has been developed following an 18month research project that found 36 per cent of tpd claimants had returned to work or were actively seeking employment. Please check with other funds about exit or withdrawal fees or whether youll have any loss of services or benefits such as insurance before you rollover your super. An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs that relate to that administration or operation, other than.
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