Statewide Super Review
Returns to June 30 2021
|Investment Option||1 Year||3 Year||5 Year|
|Conservative VS Median||-0.70%||0.20%||0.51%|
|MySuper VS Median||0.54%||-0.29%||0.30%|
|Investment Option||Flat Fee||Percentage Based Fee||Fee Based on 50k|
ABN: 54 145 196 298
Address: GPO Box 1749 Adelaide SA 5001
About Statewide Super
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’s MySuper Growth investment option performance over 5 years was above the median fund and the fees are above the median for funds on Review My Super for a balanced/MySuper risk profile.
Statewide Super offers life, TPD and income protection insurance. You can see their overall insurance rating to the left.
When Reviewing Super funds it’s a good idea to learn more about choosing a super fund. Consider the following:
Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year.
Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.
Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.
Fourthly, and most importantly, make sure you review Energy Super against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.
In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.
In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.
Frequently Asked Questions
Is Statewide Super an Industry Fund?
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
Who Owns Statewide Super?
Statewide Super is a not-for-profit fund with an industry membership base
Can Anyone Join Statewide Super?
Yes, anyone can join Statewide Super