Brighter super: Performance and fees
Brighter Super is a large super fund created from the merger of Energy super and LGIAsuper. Anyone is welcome to join. It offers an extensive list of investment options for members.
![Brighter Super Brighter Super](https://www.finder.com.au/niche-builder/6358a3ad3c8ba.png)
When joining the fund you'll be placed in the MySuper option initially which is the default option, however you can switch to another investment option at any time.
Brighter Super Balanced claimed the second position in the conservative balanced category. The fund charges an annual fee of $495 on a $50,000 balance. It has maintained stable and consistent performance, with an annual return of 7.31% over the past 10 years and 5.97% over the past 5 years.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.
*Past performance data and fee data is for the period ending Apr 2024
Members can choose between a large range of pre-mixed fund options and single sector options. The Brighter option is the default product for member when they join and don't make an investment choice.
Eligible members will receive the following default Life insurance cover when joining:
You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.
You can join online by completing the application form on Brighter Super's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:
Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.
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