Statewide Super Review
Statewide Super has received a 65/100 insurance rating by Omnilife. To compare insurers that can be funded through super please click below.
ABN: 54 145 196 298
Address: GPO Box 1749 Adelaide SA 5001
Statewide Super Reviews
Founded over 30 years ago, Statewide Super is a super fund and isn’t linked to a particular industry.
As of 30 June 2020 Statewide Super has over 138,000 members with $9.7 Billion in assets under management.
Statewide Super Investment Options
Statewide Super has 6 ‘Diversified’ and 4 ‘Single asset’ investment options.
Diversified: Conservative, Conservative Balanced, Active Balanced, Sustainable Diversified, MySuper (super default) / Growth (pension option) and High Growth
Single asset: Cash, Diversified Bonds, Australian Shares and International Shares.
We have compared Statewide Super v Australian Super to help you better understand your investment options. Visit our blog to read more.
Statewide Super 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 – $5 million
TPD – $3 million.
Income protection – $30,000 per month.
Insurance is provided by MetLife Insurance Limited. You can compare the wider market and have the premiums paid via your super. Compare insurers here.
Frequently Asked Questions
StatewideSuper’s StatewideSuper Pers – MySuper option has Out performed the median over 5 years.
Fees for this option are slightly above the median out of Balanced/MySuper funds listed on Review My Super.
Based on this evidence, it would be unreasonable to declare StatewideSuper a good super fund. However, there are many factors which determine whether a super fund is good or bad and it can differ depending on personal requirements. We recommend you speak to a qualified adviser in order to work out which is the best super fund for you.
Statewide Super are not designated by Industry Super Australia as an Industry fund. However, they are a not for profit fund and refer to themselves as an industry fund.