Helping make sure your business is MySuper compliant
MySuper is one of a range of government reforms to superannuation in recent years – aimed at making super simpler, cheaper and more efficient.
MySuper is intended to be a superannuation product (or investment option) for people who aren’t actively involved in their super.
The Suncorp Lifestage Fund – our MySuper investment option
Suncorp’s MySuper product is the Suncorp Lifestage Fund – which has been designed to meet all of the government’s MySuper requirements.
Designed with our investment partner Morningstar (formerly called Ibbotson), a worldwide leader in investing, the Suncorp Lifestage Fund brings together the skill and expertise of a number of quality investment managers from Australia and around the world. It takes a ‘lifestage’ approach to investing – which means we’ll allocate a diversified investment mix determined by age and automatically change the mix over time.
When a new employee joins your business super plan and does not make an investment selection, their super contributions will be automatically invested in the ‘MySuper’ default– the Suncorp Lifestage Fund.
Details of the employee’s investment and the full range of investment options for their plan, along with how to make a new investment selection, will be available via their online account and we’ll send them details on how to access it shortly after joining.
To learn more about the Suncorp Lifestage Fund and its ‘lifestage’ approach to investing, or the benefits of Suncorp Brighter Super™ or Suncorp Everyday Super for you and your employees, download the Brighter Super Product Disclosure Statement and Product Guide or the Everyday Super Product Disclosure Statement and Product Guide. Both Suncorp Brighter Super and Everyday Super are approved MySuper products.