Best fee deals for Workplace Super products used by employers
This table describes the best overall fees payable, where overall fees are calculated for a member earning $50,000 p.a. with $50,000 in the MySuper or default investment option.
Rank
Product Name
Segment
Can
anyone join?
Total Expense Ratio
TER %
TER $
1
Oracle Super
Corporate
No
0.60%
$300
2
ANZ Staff Super - Employee
Corporate
No
0.65%
$325
3
Bendigo SSSE
Retail
Yes
0.67%
$334
4
GSJBWere Super
Corporate
No
0.69%
$345
5
ANZ SCS Emp
Retail
Yes
0.69%
$345
6
Virgin Super Employer
Retail
Yes
0.72%
$358
7
UniSuper
Industry
Yes
0.73%
$366
8
QSuper Accumulation
Government
Yes
0.79%
$395
9
MIESF
Industry
No
0.79%
$397
10
CBA Group Super AP
Corporate
No
0.83%
$413
Industry average (median)
1.17%
$587
Note these Workplace Super products are the lowest fee products used by employers, whether public or private sector. Not all employers can join all these products, i.e. some are restricted to only selected employers. To avoid these restrictions, employers should look for products that are public offer, where anyone can join.
For details on how SelectingSuper makes sense of fees, please click here.
This table represents the Top 10 out of 122 Workplace Super products, covering all market segments.
This table was last updated on 30 October 2019.
News
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Bigger balances, bigger blow: Elia2 April 2020, 12:44pmSpeaking to Financial Standard, Hostplus chief executive David Elia has said it's the super funds with higher average account balances that should be worried about the impact of the early release scheme. Read more
Super fund transfer delayed amid COVID-192 April 2020, 12:40pmAMP has delayed the successor fund transfer of one of its superannuation clients, who previously decided to switch to another fund, citing current market volatility. Read more
Super fighting a war on three fronts: KPMG2 April 2020, 12:20pmAustralia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite. Read more
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