VicSuper is MySuper authorised
We can accept all default Superannuation Guarantee (SG) contributions from employers into VicSuper FutureSaver.
VicSuper FutureSaver contains the Growth (MySuper) Option which is the default investment option for members who do not make an investment choice.
What is MySuper
MySuper is a Federal Government initiative that forms part of the Stronger Super reforms. It requires super funds who act as a default super fund for employers to provide a simple, low-cost super product that includes certain features.
To meet the requirements of a MySuper product:
- only certain types of fees can be charged, and the fees must be the same for all members,
and be applied (or deducted) in the same way
- default death and TPD insurance is provided on an opt-out basis to members who have had an account balance of at least $6,000 since and are at least 25 years old unless the member has elected to have cover
- members must have equal access to services (eg call centres, member education, advice
and online account information).
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