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.
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.
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 option||Risk level||Target 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.
|Morningstar Conservative Fund||Low|
|Suncorp Multi-Manager Conservative Fund||Low to Medium|
|Morningstar Moderate Fund||Low to Medium|
|Morningstar Balanced Fund||Medium|
|Suncorp Multi-Manager Balanced Fund||Medium to High|
|Morningstar Growth Fund||Medium to High|
|Suncorp Multi-Manager Growth Fund||Medium to High|
|Morningstar High Growth Fund||High|
|Suncorp Multi-Manager High Growth Fund||High|
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: 0.71% of your balance
- Investment fee and Indirect Cost Ratio: 0.55% of your balance
- Total fees on a $50,000 balance: $710 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
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