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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Legal fight could change super game8 November 2019, 12:15pmRest, the $57 billion industry fund, continues to battle a legal fight brought by one of its members that could have consequences for the entire superannuation industry. Read more
APRA begins super data transformation efforts8 November 2019, 11:21amAPRA is embarking on a multi-year project to improve the quality of its superannuation data collection that will pave the way for the proper comparison of super products, with choice super set to come ... Read more
Actuaries develop retiree rule of thumb7 November 2019, 12:37pmA group of actuaries have answered the calls of retirees looking for a simpler way to determine how much money they should draw out of their savings in retirement, developing a new three-part rule of ... Read more
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