Suncorp Brighter Super: Performance, investments and fees

Suncorp Brighter Super offers an extensive range of pre-mixed investment options to choose between, including a top-performing growth option.

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Suncorp Brighter Super investments, performance and fees

You'll automatically be invested in the Lifestage Fund when joining, which means your exact investment mix will depend on your age. You can switch to any of the alternative pre-mixed investment options after joining.

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.)

Suncorp Multi-Manager Growth Fund

Suncorp Multi-Manager Growth Fund
+19.36%
+10.52%
+10.61%
New Fund
$655
The Suncorp Brighter Super Multi-Manager Growth Fund is one of the top-performing growth funds. It invests your super in a pre-mixed, diversified range of asset classes with a focus towards growth assets including shares, property and infrastructure.

Suncorp Multi-Manager Conservative Fund

Suncorp Multi-Manager Conservative Fund
+9.03%
+6.31%
+6.12%
New Fund
$625

Suncorp Multi-Manager Balanced Fund

Suncorp Multi-Manager Balanced Fund
+13.97%
+8.26%
+8.16%
New Fund
$640

Suncorp Morningstar Growth Fund

Suncorp Morningstar Growth Fund
New Fund
New Fund
New Fund
New Fund
$660

Suncorp Multi-Manager High Growth Fund

Suncorp Multi-Manager High Growth Fund
+23.06%
+11.76%
+11.74%
New Fund
$665
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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.

Key features of Suncorp Brighter Super

  • Top-performing fund. The Suncorp Brighter Super Multi-Manager Growth Fund was a top-performing fund in 2020
  • Lots of investment options. There's a large variety of investment options to choose between, and many more options that a lot of other funds.
  • Lifestage investment option. The Suncorp Lifestage Fund is available as an investment option if you want to be more 'hands off' with your super. This fund invests your super in line with your age.
  • Consolidate your super. You can ask Suncorp to search the ATO for any other super you may have, and then roll these over into your Suncorp account.
  • Easy account access. Access your account 24/7 online or via the mobile app to monitor your balance, make additional contributions or change your investments.
  • Suncorp Everyday Super. Suncorp also offers an alternative super product called Suncorp Everyday Super which just offers a simple lifestage product instead of a list of different investment options. Learn more about Suncorp Everyday Super here.

Suncorp Brighter Super pre-mixed investment options

Here's a list of the other investment choices below. The Conservative investment options have a lower level of investment risk and less chance of short-term volatility, as they have less exposure to shares and property. The level of exposure to growth assets like shares is gradually increased with the Moderate and Balanced options, then again with the Growth options. The High Growth options have the highest allocation towards growth investments and, as a result, have the highest level of risk.

The Lifestage Fund will adjust your investment mix based on your age. When joining this option, you'll be placed in the age bracket for your birth year.

Investment optionRisk levelTarget asset allocation
Suncorp Lifestage Fund (1975-1979)

This fund will adjust your investment mix depending on your age. We've used the 1975-79 age bracket as an example.

High
  • Growth: 80%
  • Defensive: 20%
Morningstar Conservative FundLow
  • Growth: 16%
  • Defensive: 84%
Suncorp Multi-Manager Conservative FundLow to Medium
  • Growth: 35%
  • Defensive: 65%
Morningstar Moderate FundLow to Medium
  • Growth: 35%
  • Defensive: 65%
Morningstar Balanced FundMedium
  • Growth: 53%
  • Defensive: 47%
Suncorp Multi-Manager Balanced FundMedium to High
  • Growth: 55%
  • Defensive: 45%
Morningstar Growth FundMedium to High
  • Growth: 74%
  • Defensive: 26%
Suncorp Multi-Manager Growth FundMedium to High
  • Growth: 75%
  • Defensive: 25%
Morningstar High Growth FundHigh
  • Growth: 93%
  • Defensive: 7%
Suncorp Multi-Manager High Growth FundHigh
  • Growth: 90%
  • Defensive: 10%

Suncorp Brighter Super fees

Each investment option offered with Suncorp Brighter Super charges different fees. Here are the annual fees for the Suncorp Multi-Manager Growth Fund:

  • Annual admin fee: 0.65% of your balance
  • Investment fee and Indirect Cost Ratio: 0.6% of your balance
  • Total fees on a $50,000 balance: $655 for the year

Suncorp Brighter Super 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.

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 in to add Income Protection cover if you'd like, or you can also opt out of all insurance cover all together.

How do I join Suncorp Brighter Super?

If you've decided to select this fund you can open an account online in less than 15 minutes. You must be an Australian resident to apply for an account.

Make sure you have the following:

  • Your personal details, including your name, address, date of birth and contact information
  • Your Tax File Number (it's not compulsory to give your super fund your TFN, but without it your fund won't be able to accept certain types of contributions from you, and your benefit payments may be taxed at a higher rate than would otherwise apply)
  • Your employer's details
  • If you want to consolidate any other funds, or switch over from your previous fund, make sure you have your old fund details handy
DISCLAIMER: This article may contain general advice. You should consider your own personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long term investment and past performance is not indicative of future performance.

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