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
Rest launches low-cost SRI option20 April 2021, 12:49pmThe $59 billion super fund has launched the responsible investment option Financial Standard revealed it was working on late last year, introducing one of the lowest cost SRI vehicles in the market. Read more
Two Aussie CIOs on top 100 list16 April 2021, 12:37pmTwo Australian chief investment officers made the annual Power 100 list published by Chief Investment Officer. Read more
Vanguard Super appoints board15 April 2021, 12:23pmVanguard has appointed a four-person board for its forthcoming superannuation product, to be chaired by Peggy O'Neal. Read more
Super fund liquidity could be better: RBA14 April 2021, 12:49pmWhile the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) ... Read more
When comparing super funds and considering what is right for you, look for funds displaying the AAA Quality Assessment and Rainmaker SelectingSuper Award logos.
