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For Media Super MySuper
These are the benefits of this superannuation.
- Low fees
- Advice for members on a fee for service basis; free super and retirement seminars
- Interactive and informative website
Media Super, a public offer industry fund established in 2008 from the merger of Print Super and JUST SUPER, continues to service members in the print, media, entertainment, arts and creative industries. Media Super and Cbus Super will commence due diligence on a joint arrangement to be in operation in 2021.Media Super's MySuper offering comprises a single diversified investment option, the Balanced option. The Balanced option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020. Choice members have access to a wide variety of Diversified and Single Sector investment strategies, which include a Sustainable Future Shares option. Furthermore, the Direct Investment Option provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits.Fees are lower than the industry average across all assessed account balances, with the asset-based administration fee capped at $600 pa. The fund charges a switching fee when members change investment options.Media Super provides a full suite of insurance cover, with eligible members automatically provided with insurance cover upon joining the fund, including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover. Members can apply for up to $5 million of Death cover and up to $3 million of TPD cover. Income Protection covers up to 87% of salary (including SG contributions), with a maximum benefit payment of $30,000 per month. Members have a choice of benefit payment periods of 2 years, 5 years or up to age 65, with a selection of 30, 60- or 90-day waiting periods. Additional benefits available include access to ME’s Member Benefits Program for special banking offers, financial advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.
For Media Super MySuper
- Insurance Cover
Account size discount
Financial planning service
Non-lapsing binding nominations
Employer size discount
Insurance life event increases
Total and permanent disability cover
Long term income protection
Administration fee (%)
Indirect cost ratio (%)
Target Market Determination
Visit Media Super to view Target Market Determination.