TWU Super Performance: Returns to September 30 2021
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| - | - | - | - |
| Median | - | - | - |
| VS Median | - | - | - |
| Balanced (MySuper) | 18.95% | 7.53% | 8.27% |
| Median | 17.70% | 8.00% | 8.60% |
| Balanced (MySuper) VS Median | 1.25% | -0.47% | -0.33% |
| - | - | - | - |
| Median | - | - | - |
| VS Median | - | - | - |
| High Growth | 26.03% | 9.50% | 10.41% |
| Median | 22.10% | 9.30% | 10.10% |
| High Growth VS Median | 3.93% | 0.20% | 0.31% |
TWU Super Fees
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| TWU Super | - | - | - |
| Balanced (MySuper) | 78 | 0.97% | $563 |
| TWU Super | - | - | - |
| High Growth | 78 | 1.00% | $575 |
Asset Allocation
| Rank | Asset | % |
|---|
| Rank | Asset | % |
|---|
Insurance Rating
0
/100
OmniLife
Fund Information
ABN: 77 343 563 307
USI: TWU0101AU
Address: GPO Box 779, Melbourne VIC 3001
About TWU Super
Founded in 1988, TWUSuper (Transport Workers Union Super) is a not-for-profit Industry super fund that is primarily linked to the transport industry.
TWU Super Investment Options
TWU Super has 5 investment options available. These include Cash Plus, Conservative, Moderate, Balanced (MySuper) and High Growth.
TWU Super Performance
TWU Super’s Balanced (Mysuper) investment option has underperformed the median over 3 and 5 years, whilst the High Growth investment option has outperformed the median over 1, 3 and 5 years.
TWU Super Fees
TWU Super’s fees for their Balanced (MySuper) option are above the median compared to other MySuper/Balanced funds listed on Review My Super.
TWU Super Insurance
TWU Super offers basic death and TPD cover to their members. The cover amounts and premiums are age based.
Members are also able to apply for Income protection cover.
You can apply for to increase your cover above the default rates, with the following limits:
Death – $5 million.
TPD – $2.5 million.
Income protection – The lower of 84.5% of your pre-disability income, your agreed value of income protection cover, or $30,000 a month.
Insurance is provided by TAL Life Limited. You can compare the wider market and have the premiums paid via your super. Compare insurers here.
TWU Super Financial Advice
TWU Super can provide General advice at no additional cost.
TWU Super also provide Comprehensive personal advice. This will be provided by a financial adviser and a Statement of Advice issued, this will most likely come at a cost.
Advice is provided by Industry Fund Services Limited (IFS).
A benefit of seeking advice through TWU Super is it is free for general and basic advice and the advisers will be very familiar with TWU Super and all its options.
A downside is they will not likely recommend funds other than TWU Super, even if there are more suitable options.
To speak with an advisor that can consider all available funds and insurers in the market, please fill out the ‘Speak To An Advisor’ form on this page.
Frequently Asked Questions
TWU Super’s Balanced (MySuper) option has out performed over the past 1 year but under performed over 3 and 5 years.
Fees are higher than the median of funds listed on Review My Super.
Based on this evidence, it would be difficult to declare TWU Super a good super fund.
Yes, TWU Super is an APRA fund.
No, TWU Super is not a self-managed super fund. It is regulated by APRA.
TWU Super stands for Transport Workers Union Super.
Yes, TWU Super is an industry fund.
TWU Super is a not-for-profit fund with an industry membership base.
Yes, anyone can join TWU Super.
Very weak
Well the fund is doing good comparing with the others . hope improves next year.