Under Construction
Investment Rating
Morningstar
'Top 22.5%'
4/5
Insurance Rating
0
/100
OmniLife
Sunsuper has received a 68/100 insurance rating by Omnilife. To compare insurers that can be funded through super please click below.
Fund Information
ABN: 98 503 137 921
USI: 98 503 137 921 001
Address: GPO Box 2924 Brisbane QLD 4001
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About
Founded in 1987, Sunsuper is a not-for-profit super fund.
Sunsuper has over 1.4 million members with $85 Billion in assets under management.
Sunsuper Investment Options
In addition to Sunsuper’s Lifecycle Investment Strategy, Sunsuper has 7 investment options. These include Growth, Balanced, Socially Conscious Balanced, Diversified Alternatives, Retirement, Conservative and Balanced – Index.
Insurance
Sunsuper offers death and TPD insurance cover to their members.
Whilst members are offered Basic Death and Basic Total and permanent Disablement Cover, they can apply for additional cover, which can include Lump Sum Death Cover, Lump Sum Death and TPD cover and Income Protection cover.
Additional cover is available with the following limits:
Death – no maximum
TPD – $3 million.
Income protection – up to 85% of your income with a maximum of $30,000 per month.
Insurance is provided by AIA Australia Limited. You can compare the wider market and have the premiums paid via your super. Compare insurers here.
Frequently Asked Questions
Sunsuper’s Growth, Balanced and Conservative options have all outperformed their respective median’s over 1, 3 and 5 years.
Fees are slightly higher than the median of funds listed on Review My Super.
Based on this evidence, although the fees aren’t low, the strong overall performance makes it reasonable to declare Sunsuper a good super fund.
Yes, it is an APRA fund.
Sunsuper are not designated by Industry Super Australia as an Industry fund. However, they are a not for profit fund.
After many years with Sunsuper who I was very happy with and would rate as a 5, after the amalgamation I would now rate as 2 at best. Really frustrating is that it is so difficult to get onto the website often waiting for ages to get my details, plus more important after the downturn in early 2022 my fund is still way down even though the market has mostly recovered. I will be looking for a better fund.
great
Good so far.