Statewide Super

Statewide Super: Performance, investments and fees

Statewide Super is a South Australian Industry Super Fund open to members in all states.

2.0 ★★★★★ (1 review) Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Statewide Super performance and fees

When joining the fund you'll be placed in the MySuper Growth option initially which is the default option, however you can switch to another investment option at any time.

1 - 7 of 7
Name Product Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)

Statewide International Shares

Statewide International Shares
+17.44%
+15.95%
+11.96%
+14.27%
$476
This is a high-risk investment option that aims to deliver higher returns over the long term.

Statewide High Growth

Statewide High Growth
+16.53%
+12.03%
+10.19%
+11.02%
$606
This is a high-risk investment option that aims to deliver higher returns over the long term.

Statewide Conservative

Statewide Conservative
+5.51%
+5.35%
+5.15%
New Fund
$481

Statewide Conservative Balanced

Statewide Conservative Balanced
+8.96%
+7.61%
+6.87%
New Fund
$531

Statewide Aust Shares

Statewide Aust Shares
+19.68%
+14.86%
+11.02%
+11.86%
$481
This is a high-risk investment option that aims to deliver higher returns over the long term.

Statewide Diversified Bonds

Statewide Diversified Bonds
-1.02%
+3.69%
+3.44%
+4.61%
$406

Statewide MySuper

Statewide MySuper
+13.44%
+10.08%
+8.76%
New Fund
$576
loading

Compare up to 4 providers

The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

Facts and features of Statewide Super

  • Industry Super Fund. Statewide Super is an industry fund originally designed for South Australian employees, however it is now open to everyone to join.
  • Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
  • MySuper product. The MySuper Growth investment option is the default investment option for all members when joining the fund, unless you choose otherwise.
  • Pre-mixed investment options. Members can choose between a range of different pre-mixed investment options that each have a different risk level and asset allocation.
  • Sustainable option. One of the pre-mixed investment options, Sustainable Diversified, has an ethical investment focus.
  • Mobile app. Statewide Super offers a mobile app for members to check your balance and make contributions on the go.

Statewide Super pre-mixed investment options

Members can choose between these pre-mixed, diversified investment options depending on the level of risk you want to take on. If you don't make an investment choice, you'll be placed in the Growth option, which is the default MySuper investment product designed to suit most members.

Investment optionRisk level
Conservative

This option has the lowest level of investment risk and invests largely in fixed interest and cash. It's designed for members looking to protect their balance, with some growth over the medium term.

Low to Medium
Conservative Balanced

This option has a more even balance between growth and defensive assets compared to the Conservative option. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth.

Medium
Active Balanced

This option has more allocation to growth assets than the Conservative and Conservative Balanced options, and is designed for members looking for medium to long term growth with less volatility in the short term.

Medium to High
Sustainable Diversified

This option has a High level of investment risk, similar to the Growth and High Growth options. It aims for higher returns over the long term, and investments in this fund are based on a set of ethical criteria.

High
MySuper Growth

This is the default investment option designed to suit most members. It's where you'll be invested if you don't make an investment preference. It has a focus on growth over the medium to long term.

High
High Growth

This option invests almost entirely in growth assets, with the majority of your balance invested in Australian and international shares, property and infrastructure. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth.

High

Sector investment options

If you want more control over super, you can put together your own investment mix using one or more of the following individual sector options.

  • Australian Shares
  • International Shares
  • Diversified Bonds
  • Cash

Statewide Super default insurance cover

Eligible members will receive the following default insurance cover when joining:

  • Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
  • Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
  • Income Protection: This cover is paid out in the even you can't work and lose your income.

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.

How to join Statewide Super

You can join online by completing the application form on Statewide 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:

  • Your full name, date of birth and contact information
  • Your Australian residential address
  • Your phone number and email address
  • Your tax file number (TFN)
  • Your chosen investment option (if you want to invest in something other than the Balanced option) and insurance cover
  • Details of your existing super fund if you'd like to consolidate your super

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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

  1. Default Gravatar
    JohnMarch 17, 2020

    How do I join up

    • Default Gravatar
      NikkiMarch 18, 2020

      Hi John,

      Thanks for your comment and I hope you are well.

      You are able to join the Statewide Super by going to their website and clicking JOIN on the top portion of the page. You can easily apply online. You can also download an application from the Statewide website and send the completed form across by mail. Please read carefully the information above that says “Easy steps to apply or switch to Statewide” to read about the basic eligibility criteria

      Also, please read the terms and conditions and product disclosure statements of the product that can be found at the lower bottom part of the Statewide Super website. I hope this helps and feel free to reach out to us again for further assistance.

      Cheers,
      Nikki

Go to site