UniSuper | Performance, features and fees
UniSuper is an industry super fund and one of Australia's largest super funds with more than 450,000 members. It offers a range of low-cost, high-performing investment options.
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UniSuper performance and fees
When joining the fund you'll be placed in the Balanced option initially, however you can switch to another investment option at any time.
Key features of UniSuper
- High-performing fund. UniSuper has been among the top performing Growth super funds in recent years. Although past performance isn't a reliable indicator of future performance.
- Low fees. The Balanced option has lower annual fees in comparison to many other balanced super options in the market.
- Originally designed for those working in higher education. UniSuper was originally designed for Australians working in the higher education and research sector, however it is now open to everyone to join.
- MySuper product. The UniSuper Balanced investment option is an approved, low-cost, no-frills MySuper option for members.
- Seven pre-mixed investment options. Members can choose between seven different pre-mixed investment options that each have a different risk level and asset allocation.
UniSuper pre-mixed investment options
Members can choose between seven 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 Balanced options, which is UniSuper's default MySuper investment product.
|Investment option||Risk level||Target asset allocation|
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.
This option has an even balance between growth and defensive assets. 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 to High|
This is the default investment option and is designed to suit the majority of members. It has around two thirds of your balance invested in growth assets like Australian and international shares and property.
This option has the same high level of exposure to shares as the Balanced option, however the investments are selected on the basis of sustainable investment criteria.
This option provides more allocation to growth assets than the Balanced option, and may suit members looking for a bit more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years.
This option invests entirely in growth assets, with almost 90% of your balance invested in shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term.
|Sustainable High Growth|
This option has the same high level of exposure to shares as the High Growth option, however the investments are selected on the basis of sustainable investment criteria.
Sector investment options
If you want to be a bit more hands on with your super, you can create your own investment mix by selecting from one or more of the following individual sector options.
Note that these sector options are designed to be mixed together to form a diversified portfolio, rather than invest your whole balance in one individual sector.
- Australian bond
- Australian Equity Income
- Australian Shares
- Global Companies in Asia
- Global Environmental Opportunities
- International Shares
- Listed Property
- Diversified Credit Income
UniSuper 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.
You'll get a default 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 also apply for Income Protection cover at an additional cost to you, which would provide regular payments if you hurt yourself and are unable to work for a period of time.
How to join UniSuper
You can join online by completing the application form on UniSuper'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.
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