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Aware Super

Aware Super - MySuper Lifecycle

Life Cycle Growth

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No. of members: 1091706
Fund size: $147b
Public offer:
Product type: Industry-MySuper
Target market: NSW Government
Year started: 2013
announcement

RateCity Says: A simple, low-cost super option for anyone who doesn't want to choose a specific investment option.

Awards

Winner of SuperRatings Platinum 2021 MySuper, 7 Yr Platinum Performance 2014-2021, Momentum Award 2021, Smooth Ride Finalist 2021, Infinity Recognised 2021

Past 5-year return
9.96

% p.a

Admin fee

$52

Calc fees on 50k

$497

SuperRatings awards
SuperRatings Platinum 2021 MySuper7 Yr Platinum Performance 2014-2021Momentum Award 2021Smooth Ride Finalist 2021Infinity Recognised 2021
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Past 5-year return
9.96

% p.a

Admin fee

$52

Calc fees on 50k

$497

SuperRatings awards
SuperRatings Platinum 2021 MySuper7 Yr Platinum Performance 2014-2021Momentum Award 2021Smooth Ride Finalist 2021Infinity Recognised 2021
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Quick superannuation review

For Aware Super - MySuper Lifecycle

These are the benefits of this superannuation.

  • Excellent value for money with outstanding investment performance
  • Age based MySuper investment option
  • Default Death and TPD cover offered, with IP on an opt-in basis

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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Superannuation overview

For Aware Super - MySuper Lifecycle

TMD

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$52

Administration fee (%)

0.15%

Switching fee

$0

Investment fee

0.74%

Indirect cost ratio (%)

Exit fee

$0

Target Market Determination

Visit Aware Super to view Target Market Determination.

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Fund fees vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Fund past-5-year return vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Investment allocation
INTERNATIONAL SHARES
AUSTRALIAN SHARES
PROPERTY
ALTERNATIVES
FIXED INTEREST
CASH
OTHER
Investment option performance
BALANCED
CONSERVATIVE BALANCE
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