Under Construction
Insurance Rating
0
/100
OmniLife
QSuper has received a 55/100 insurance rating by Omnilife. To compare insurers that can be funded through super please click below.
Fund Information
ABN: 60 905 115 063
USI: 60905115063001
Address: GPO Box 200 Brisbane QLD 4001
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QSuper Reviews
About
Founded in 1913, QSuper is a super fund and linked primarily to employees of the Queensland Government.
As of 30 June 2020 QSuper has over 594,000 members with $117 Billion in assets under management.
QSuper Investment Options
QSuper has 8 ‘Lifetime’, 4 ‘Diversified’ and 4 ‘Single Sector’ investment options.
Lifetime:
Outlook, Aspire 1, Aspire 2, Focus 1, Focus 2, Focus 3, Sustain 1 and Sustain 2.
Diversified:
Moderate, Balanced, Socially Responsible and Aggressive.
Single Sector:
Cash, Diversified Bonds, International Shares and Australian Shares.
In addition to the above, QSuper allows members to access a range of listed securities and term deposits through their ‘Self Invest’ option.
Insurance
QSuper offers death and TPD insurance cover to their members.
Whilst most members are offered default Death and Total and permanent Disablement Cover, they can also apply for Income Protection Cover.
Additional cover is available with the following limits:
Death – $3 million
TPD – $3 million.
Income protection – up to 87.75% of your income with a maximum of $50,000 per month.
Insurance is provided by QInsure Limited. You can compare the wider market and have the premiums paid via your super. Compare insurers here.
Frequently Asked Questions
QSuper’s Balanced and Growth options have had mixed performance compared with the median over 1, 3 and 5 years.
The Conservative option has under performed the median over 1, 3 and 5 years.
Fees are close to the median across these options.
Based on this evidence, It would be it would be difficult to declare QSuper a good super fund. However, it’s not one of the worst performers either.
Yes, it is an APRA fund.
No, it is a public sector fund.
Previously it was a safe fund with regular low growth but has this year it has performed very badly. No growth, in fact negative growth.
ok
I will get out of QSuper. Your fees are ridiculously high and your performance is so bad…
The Self Invest portal is separate and very clunky. Needs major revision.