From how we invest, the returns we deliver and our approach to customer service, everything we do is designed to help your employees build a better financial future
We’re proud to be chosen by thousands of employers across Australia for our ongoing dedication to your employees and our commitment to putting members first. We’re proud to be able to provide a comprehensive suite of support, tools and information that can help your employees get more from their contributions. Our award-winning app^1 also enables them to keep up-to-date and manage their super on the go. They’ll also benefit from our seminars and webinars that are designed to make super simple to understand and help them prepare for a quality retirement.
As one of Australia’s largest industry funds, our core focus has always been to provide superannuation, advice and retirement solutions to those who teach, nurse, care, respond and help others in our communities. We welcome all Australians who want to make a difference to their super from a fund that invests in for performance with integrity .
Your employees will appreciate our low cost, low maintenance super options
Aware Super is a MySuper authorised fund – one of a select group of funds authorised to be your default super fund. When you register to use our clearing house, you’ll know you’re making contributions in a way that’s quick, efficient and fully government compliant.
As a MySuper authorised fund we’re able to offer a competitively priced and low-maintenance way for Australians’ to manage their retirement savings with our default MySuper Life Cycle strategy. This Life Cycle strategy helps our members transition their superannuation savings as they approach retirement by switching them out of a growth-oriented strategy (MySuper Growth) into one that balances growth with risk management at age 60 (MySuper Balanced Growth). This means your employees who are nearing retirement and don’t make an investment choice are automatically moved into an option which aims to reduce the impact of large market falls.
We’re very conscious of the impact of fees and costs on member accounts. We continuously challenge ourselves to keep our costs as low as possible, so members can enjoy low fees^2 and more of their contributions stay in their accounts to fund a better retirement.
How we invest your employee’s money
At Aware Super, we do our best to make super simple. If your employee doesn’t actively choose an investment approach for their superannuation, we’ll invest it automatically our Default MySuper Life Cycle strategy.
This dynamic strategy tailors the investment mix to the employees’ stage of life. So, as our members get nearer to needing their super for retirement, we automatically shift away from longer-term investment options to protect their money from any unforeseen market fluctuations. This helps to ensure your employees have the optimum investments without worrying about making investment choices – something they may unfamiliar in doing.
We understand that all workforces are made up of people with a range of needs and financial understanding. To ensure all your employees receive an approach that suits them, Aware Super provides a range of investment choices – including Socially Responsible Investment choices, which blend investments that are highly focused on ethical, social and environmental factors.
Additionally, if your employees would prefer to choose their own investment strategy, we provide them with a range of investment choices that are designed for different time frames and individual preferences.
Furthermore, if your employees want an even higher level of control, they can mix single assets with a range of high and low growth choices.
Cost-effective insurance options
With Aware Super, we help to protect your employees by offering affordable and appropriate insurance cover with the flexibility to tailor their insurance as their needs change.
Your employees may be eligible to receive Death and Total and Permanent Disability (TPD) insurance automatically, without providing medical evidence.
To make it easy for your employees to make informed decisions about their insurance needs, we provide a range of online resources, including calculators and information sheets, plus our advisers can assist with simple advice relating to their insurance arrangements within the fund at no additional charge.
Employees can also tailor their cover which they can do online by increasing, reducing or cancelling their cover. Employees apply to upgrade their cover through:
- Additional death only or death and TPD cover
- Start-up bonus cover
- Income protection
- Transfer of cover
- Life events
You and your employees can have confidence that they are receiving cover that is amongst the best in market. As a large fund, we use our size and strength to negotiate with our insurers to obtain competitive terms and premiums for our members that in most cases they wouldn’t ordinarily be able to access through normal retail channels.
Access to our financial advice service^3, guidance and financial education
Super and finance in general can often leave people confused and unsure of their options and choices. This can lead many to avoid making decisions, some of which can make a huge difference over the long-term.
We believe good advice changes lives. Our members can access simple advice at no extra cost which can help with making choices about investments, insurance, income stream, contributions and withdrawals. We also provide a comprehensive fee-for-service financial advice service for more complicated financial needs including aged care needs.
Aware Super members can also access our estate planning services^4, for things like creating a will, power of attorney and planning for the management of their financial affairs.
To ensure our members get the most from their super and feel empowered to make decisions that benefit them, we provide a range of high-quality financial education seminars and webinars. We regularly communicate with members to ensure they’re getting the most from their super and building their understanding of a constantly changing sector.
Sydney Design Awards 2019 ↩
The total annual fee (inclusive of admin and investment fees) for our Growth option is 1.10% p.a., the industry average is 1.43% p.a., Chant West Super Fund Fee Survey, March 2020, based on a $50,000 balance in a Growth option given the circumstances has been approved previously and would be the most recent available. ↩
Financial planning services are provided by our financial planning business, Aware Financial Services Australia Limited, ABN 86 003 742 756 AFSL No. 238430. Estate planning services are provided by - Aware Super Legal Pty Ltd (ABN 91 606 835 170) ↩
Aware Super Legal Pty Ltd(ABN 91 606 835 170). ↩