FINANCIAL FREEDOM FOR RETIREES IS THE AIM

We considered over 180 pension products and found that the Sunsuper for Life

income account provided strong retirement outcomes on a cost-effective basis with suitable product flexibility. Sunsuper was the first fund to launch the retirement bonus, which is currently a payment of up to $4800 made to eligible members, emphasising the fund's focus on giving back to members.

“We are proud to be the first superannuation fund that offered a retirement bonus to eligible members as they transitioned into a pension product,” says CEO Scott Hartley “Our aim is to help our members achieve financial freedom and our retirement bonus demonstrates our commitment to improving member outcomes and helping them live the retirement of their dreams. To date we have rewarded over 2000 members with a retirement bonus.”

Sunsuper's pension product delivered strong investment returns over a range of time frames. This resulted in substantial value for money for members and outstanding member outcomes over the short and long term. Specifically, as at June 30, 2017, the fund's balanced option in income accounts returned 5.9%pa over 10 years for pension members, which was well above the industry average of 5.1%.

Sunsuper's pension product is competitively priced. Pension members paid $4 a week plus a low 0.10% of their account balance a year in administration fees, while the fund's investment management fee for its balanced option was 0.48%pa (inclusive of performance fees). There are no establishment, contribution or investment switching fees, although a withdrawal fee does apply.

Pension product flexibility and support for members through advice structures is particularly important as they move into the retirement phase of their lives. Sunsuper provides access to a team of qualified member advice specialists who can give advice over the phone, at no additional cost, for all pension members.