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.
Pension funds sue Allianz Global Investors29 September 2020, 12:36pmSeveral pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. Read more
Corporate fund overhauls admin fees, premiums28 September 2020, 11:42amA $1.5 billion corporate superannuation fund has reduced death, total and permanent disability (TPD) premiums and administration fees - but income protection premiums will rise. Read more
SMSF changes unlikely to mushroom new funds25 September 2020, 12:47pmAllowing more members in SMSFs is unlikely to spur their establishment rates, according to a submission by University of Sydney's Susan Thorp. 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.
