AustralianSuper is the largest superannuation fund in Australia, and is a not-for-profit fund with an industry membership base. Membership is open to anyone within Australia.
UniSuper is a super fund linked to the higher education and research sector, with membership open to anyone within Australia.
UniSuper vs AustralianSuper: How do fees compare?
When comparing AustralianSuper and UniSuper fees, AustralianSuper has higher annual percentage based fees, with a 0.67% investment based fee, compared to UniSuper percentage based fees of 0.45%. AustralianSuper also has a higher flat fee of $137.80, while UniSuper has a flat fee of $96.
AustralianSuper vs UniSuper: How does performance compare?
|Type of fund||Industry super fund not linked to any specific industry.||Industry super fund linked to the higher education and research industry|
|Management||Not self managed, regulated by APRA.||Not self managed, regulated by APRA.|
|Default Fees (Based on 50K)||$472.80 AUD||$321.00 AUD|
|Asset Allocation (Default Fund)||AustralianSuper Balanced:International Shares - 31% Australian Shares - 21% Alternative - 19.5%||UniSuper Balanced:Australia Shares - 33% International Shares - 27% Fixed Interest- 20%|
|Performance (Default Fund)*||AustralianSuper Balanced: 1 Year: 14.99%3 Year: 12.38%5 Year: 10.29%||UniSuper Balanced: 1 Year: 12.48%3 Year: 12.15%|
*Performance as at 30 September 2021
How does AustralianSuper and UniSuper insurance compare?
Insurance is also an important factor to consider when looking at superannuation options, as some funds may also provide insurance cover – such as life cover and TPD insurance. Insurance fees will affect super balance, so ensuring you’re happy with the deal you have is vital. Based on ratings from Omnilife, AustralianSuper received an insurance rating of 66/100, whilst UniSuper has received a rating of 68/100 for its insurance options.
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