Previously known as First state Super, Aware Super is an industry fund that has been the fund for people who value community as well as personal gain since 1992. In July 2020, Aware Super merged with VicSuper and together they are one of Australia’s largest super funds, managing more than $120 billion in savings for more than 1 million members. The fund was the winner of the 2021 Momentum award and was also nominated as a finalist of the 2021 MyChoice Super of the Year and 2021 Smooth Ride awards. The fund's MySuper Life Cycle Strategy automatically adjusts members’ investment mix as they get older, with members aged 55 and under invested in the High Growth option and then gradually shifted to the Growth and Balanced Growth options when reaching age 56. The Growth option outperformed the relevant SuperRatings Index over each assessed time period to 30 June 2020. Choice members have access to an investment menu comprising 5 Diversified and 7 Single sector options, including 2 Socially Responsible options.Fees are lower than the industry average across all assessed account balances. The fund does not charge an investment switching fee or a buy-sell spread. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Members can apply for unlimited Death cover and up to $5 million of TPD cover and can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection (IP) is available up to 85% of salary and with a choice of 14, 30, 60- or 90-day waiting periods and benefit payment periods of 2 years, 5 years or to age 65. Additional benefits available include access to expert financial advice services, high quality educational programs, interactive tools and calculators, including Explorer, as well as the ability to view account details and perform transactions online.

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