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VicSuper

VicSuper Growth (MySuper)

Growth (MySuper)

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

RateCity Says: VicSuper's default investment option allocates the majority of your super towards growth assets. This could appeal to Australians with some time to go before retirement, or who have some tolerance for higher investment risk.

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
9.78

% p.a

Admin fee

$52

Calc fees on 50k

$492

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
9.78

% p.a

Admin fee

$52

Calc fees on 50k

$492

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 VicSuper Growth (MySuper)

These are the benefits of this superannuation.

  • Daily unit pricing & investment switching
  • Diversified MySuper Growth investment option
  • Responsible investments
  • No commissions. Advice to members usually at no extra cost

Established in 1994 to administer the superannuation of Victorian Government employees, VicSuper is now a division of Aware Super. In July 2020, VicSuper merged into Aware Super 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 Smooth Ride awards. The MySuper offering comprises a single diversified investment option, the Growth (MySuper) option. The Growth (MySuper) option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020. Choice members have access to an additional 7 Diversified and Single Sector options, as well as Term Deposits. Fees are lower than the industry average across all assessed account balances, with the asset-based administration fee capped at $750 pa. The fund does not charge an investment switching fee or a buy-sell spread. VicSuper provides members with a full suite of insurance cover, with eligible members automatically provided with six units of Death and TPD cover and six units of Income Protection cover with a 90-day waiting period and benefit payment period of 2 years. Members can apply for unlimited Death cover and up to $5 million of TPD cover. Income Protection (IP) is available up to 85% of salary and with a choice of 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 seminars, financial advice services, high quality educational programs, interactive tools and calculators, including Beeline, as well as the ability to view account details and perform transactions online.

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Superannuation overview

For VicSuper Growth (MySuper)

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

0.73%

Indirect cost ratio (%)

Exit fee

$0

Target Market Determination

Visit VicSuper to view Target Market Determination.

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Embed

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
+ View additional option performance information