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† The market median 5-year return is calculated based on the returns of balanced investment options with a growth assets ratio between 60% and 76% across 50 investment options ranked by SuperRatings in the SuperRatings Fund Crediting Rate Survey 31 August 2021. The Suncorp Multi-Manager Growth Fund has a high risk of negative annual returns over any 20-year period. The recommended minimum length of time to invest in the Fund is 10 years.
Announcement Suncorp Superannuation
On Wednesday, 28 April 2021 Suncorp announced it had entered into an agreement for the sale of its superannuation business, Suncorp Portfolio Services Limited (SPSL) to LGIAsuper.
It is important to note there is no change for members at this time and no action is required relating to this change.
All current SPSL managed products remain open for business. Your product, investments, insurance, how you access your superannuation balance, and the team you call if you have questions remain unchanged.
You can read more about this announcement on the Suncorp Group Website
Check out LGIAsuper online https://www.lgiasuper.com.au/
Things you should know
* Ranking and investment performance based on SuperRatings’ SR50 Balanced (60 -76) Index ranking superannuation fund investment option performances over rolling 5 years to 31 August 2021. Source: SuperRatings Fund Crediting Rate Survey 31 August 2021 (SuperRatings Survey) which is not publicly available. Investment options compared in the SuperRatings Survey are diversified fund options with a growth assets ratio between 60% and 76%. SuperRatings ranks superannuation investment option performances over one month, one quarter, financial year to date and rolling 1, 3, 5, 7, 10, 15 and 20 years. Funds compared are not necessarily representative of Suncorp’s performance against the entire market. Investment performance is calculated as investment returns net of taxes, investment fees and implicit asset-based administration fees but excludes other fees or costs you may incur as a member, such as fixed dollar administration fees and switching fees. This has been done for comparative purposes with the SuperRatings indices. When calculating investment performance, contributions taxes and any discretionary ongoing fees such as insurance fees and personal advice fees or other arrangements you may have in place with your advisor are not taken into account. SuperRatings’ data is sourced directly from participating superannuation funds, as well as through publicly available sources.
^ The Suncorp Multi-Manager Growth Fund is an investment option available in Suncorp Brighter Super for Business and Brighter Super Personal, which are superannuation products issued by Suncorp Portfolio Services Limited ABN 61 063 427 958 AFSL 237905 as trustee for the Suncorp Master Trust ABN 98 350 952 020 RSE Fund Registration No R1056655. It is a high growth/high risk investment option managed by Morningstar Investment Management Australia Limited ABN 54 071 808 501 (Morningstar) which is not part of the Suncorp Group. Before making any decision to acquire or continue to hold Brighter Super, invest in or switch into any investment option including the Fund, please read the relevant Brighter Super Product Disclosure Statement (PDF, 118KB) and Product Guide (PDF, 452KB) for further details about investment options including applicable fees, and speak to a financial adviser.
The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2021 SuperRatings. All rights reserved.
SuperRating’s data is sourced directly from participating superannuation funds, as well as through publicly available sources.