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.
Total Expense Ratio
ANZ Staff Super - Employee
ANZ SCS Emp
Virgin Super Employer
CBA Group Super AP
Industry average (median)
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.
New super fund targets millennials21 January 2020, 12:27pmA newly launched sub-plan of Aracon Super has officially launched, marketed to millennials with a PDS revealing relatively high fees, expensive insurance and big ambitions. Read more
Opt-out super to hit workers: ISA21 January 2020, 12:09pmNew Industry Super Australia research claims to show plans to make superannuation optional for low-income workers is nothing more than a tax grab. Read more