#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
Due to required maintenance, QSuper Member Online will be unavailable from 9pm Friday, 27th November to 9am Saturday, 28th November 2020. We apologise for any inconvenience caused.
Our transition plan
QSuper has adopted the Insurance in Superannuation Voluntary Code of Practice.
The following insurance arrangements within the QSuper Accumulation account product will be covered by the Code:
QSuper already meets over 70% of the individual Code standards and we are currently working towards full compliance by 1 July 2021.
As a result of the Protecting Your Super (PYS) and Putting Members’ Interests First (PMIF) legislation, the Code is being reviewed by its owners – the Association of Superannuation Funds of Australian (ASFA), the Australian Institute of Superannuation Trustees (AIST), and the Financial Services Council (FSC). As the Code changes, we will continue to work towards full compliance by 1 July 2021.
QSuper’s transition plan will be subject to any statutory obligations and may need to be amended accordingly.
To protect the financial wellbeing of our members, QSuper offers some of the highest levels of default insurance cover amongst industry funds. Due to this, we have opted out of section 4.9 of the Code. Section 4.9 states that the cost of automatic insurance benefits should not exceed 1% of the estimated level of salary for our membership generally.
We have opted out of this section because:
On this basis, opting out of this section of the Code is in our members’ best interests.
We are continually looking at ways to make our superannuation product insurance services even better for our members and are proud to be helping more than 400,000 members protect their future via insurance cover.
Log in to Member Online or check your latest benefit statement to see your current insurance level.
Use our insurance needs calculator to determine how much insurance you might need.
Log in to Member Online to change your insurance or use our insurance premium estimator to get an idea on costs.