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Top 10 Super Funds in Australia


Superannuation companies are financial institutions that offer super funds. Sometimes, the institution’s sole offering is to be a superfund, like AustralianSuper. Other times, superannuation is an offering of a financial institution’s portfolio, such as the Commonwealth Bank of Australia.

According to the latest superannuation statistics by the Association of Superannuation Funds of Australia (ASFA), there are 23.2 million superannuation accounts in Australia, with more than $3.3 trillion in assets under management.

Different types of super funds serve different purposes. The most common types of super funds are industry and retail. However, there are also public sector funds, and private, individual funds, called self-managed super funds.

The following lists detail Australia’s industry super funds and retail super funds, as these are available for membership to the highest population of Australians:


Our Top 10 Best Super Funds Companies in Australia:

A Closer Look at the Top 10 Best Super Funds in Australia


1

AustralianSuper

Super Funds

One of the largest industry super funds in Australia, AustralianSuper caters to a diverse range of members and offers various investment options.

Size and Membership: AustralianSuper is one of the largest industry super funds in Australia, with millions of members. It caters to a diverse range of members across various industries and occupations.

Investment Options: AustralianSuper offers a variety of investment options to suit different risk profiles and preferences. These options may include diversified investment strategies, sector-specific choices, and more.

Performance: The fund’s performance can vary based on market conditions and investment decisions. It’s important to regularly check the fund’s performance updates and consider its historical performance, though past performance is not indicative of future results.

Fees: Like all superannuation funds, AustralianSuper charges fees for its services. These fees can include administration fees, investment fees, and other costs. It’s crucial to understand the fee structure and how it may impact your overall returns.

Insurance Options: Superfunds often provide members with the option to purchase insurance coverage, such as life insurance and income protection. AustralianSuper may offer various insurance options for its members.

Online Tools and Resources: AustralianSuper typically provides members with online tools and resources to manage their superannuation accounts, including features for checking balances, making contributions, and accessing educational materials.

For more detailed information about the Australian Super Fund, you can visit their website https://www.australiansuper.com/.


2

Hostplus

Super Funds

Known for its strong performance and competitive fees, Hostplus is an industry super fund with options tailored to different risk profiles.

Industry Focus: Hostplus primarily serves members in the hospitality, tourism, recreation, and sport industries. However, eligibility criteria may allow individuals from other industries to join.

Membership: Hostplus is open to employees and employers in eligible industries, as well as the self-employed. It caters to a broad membership base.

Investment Options: Hostplus offers a range of investment options to its members. These options typically include diversified portfolios with various asset allocations to suit different risk profiles.

Performance: The performance of Hostplus, like any superannuation fund, can vary based on market conditions and investment decisions. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. Hostplus has been known for competitive fee structures, but it’s essential to review the specific fees associated with different investment options.

Insurance: Hostplus typically offers insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: Hostplus provides online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

For more detailed information about the Hostplus, you can visit their website https://hostplus.com.au/.


3

REST Industry Super

Super Funds

REST is an industry super fund that primarily serves employees in the retail sector. It offers a range of investment options.

Industry Focus: REST primarily serves employees in the retail and associated industries. It is an industry super fund designed to provide retirement benefits to workers in this sector.

Membership: REST is open to employees in the retail industry, including those working in supermarkets, department stores, and other retail-related occupations. Eligibility criteria may allow some individuals outside the retail industry to join.

Investment Options: REST typically offers a range of investment options to its members. These options may include diversified portfolios with different asset allocations to accommodate various risk preferences.

Performance: Like any superannuation fund, the performance of REST can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. It’s essential for members to review the specific fees associated with different investment options and account management.

Insurance: REST generally offers insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: REST provides online services to its members, allowing them to manage their superannuation accounts, view account balances, make contributions, and access information about their investments.

For more information about REST Industry Super, you can visit their website at https://rest.com.au/.


4

Sunsuper

Super Funds

Sunsuper is a profit-for-members fund with a variety of investment choices. It caters to a wide range of industries and professions.

Membership: Sunsuper is open to a broad range of members, including employees from various industries, the self-employed, and businesses looking for superannuation solutions for their employees.

Investment Options: Sunsuper typically offers a variety of investment options to its members. These options may include diversified portfolios with different asset allocations to suit varying risk tolerances and investment preferences.

Performance: Like any superannuation fund, the performance of Sunsuper can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. It’s important for members to review the specific fees associated with different investment options and account management.

Insurance: Sunsuper generally provides insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: Sunsuper offers online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

Mergers: Sunsuper had announced plans to merge with QSuper, another major Australian superannuation fund. Mergers in the superannuation industry are not uncommon and can impact the services and offerings of the funds involved.

For more information about the Sunsuper, you can visit their website at https://www.australianretirementtrust.com.au/.


5

Cbus Super

Super Funds

Cbus focuses on the construction and building industry, providing superannuation services to workers in these sectors.

Industry Focus: Cbus Super is designed to provide retirement benefits to employees in the construction and building industry. It covers a broad range of occupations within these sectors.

Membership: Cbus Super is open to workers in the construction and building industry, including builders, tradespeople, and associated professionals. Eligibility criteria may allow some individuals outside these industries to join.

Investment Options: Cbus Super typically offers a range of investment options to its members. These options may include diversified portfolios with different asset allocations to accommodate various risk preferences.

Performance: Like any superannuation fund, the performance of Cbus Super can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. It’s important for members to review the specific fees associated with different investment options and account management.

Insurance: Cbus Super generally provides insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: Cbus Super offers online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

For more information about the Cbus Super, you can visit their website at https://www.cbussuper.com.au/.


6

UniSuper

Super Funds

Designed for employees in the higher education and research sector, UniSuper offers a variety of investment options.

Industry Focus: UniSuper primarily serves employees in the higher education and research industry, including universities and related institutions.

Membership: UniSuper is open to employees working in the higher education and research sector, including academic staff, researchers, and administrative staff. Eligibility criteria may also allow some individuals associated with the sector to join.

Investment Options: UniSuper typically offers a range of investment options to its members. These options may include diversified portfolios with different asset allocations to suit various risk tolerances and investment preferences.

Performance: Like any superannuation fund, the performance of UniSuper can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. Members should review the specific fees associated with different investment options and account management.

Insurance: UniSuper generally provides insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: UniSuper offers online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

For more information about the UniSuper, you can visit their website at https://www.unisuper.com.au/.


7

HESTA

Super Funds

HESTA is a super fund specifically for employees in the health and community services sector.

Industry Focus: HESTA primarily serves employees in the health and community services industry, including those working in healthcare, aged care, and related fields.

Membership: HESTA is open to individuals working in the health and community services sector. This includes a wide range of occupations, such as doctors, nurses, allied health professionals, and workers in community services organizations.

Investment Options: HESTA typically offers a variety of investment options to its members. These options may include diversified portfolios with different asset allocations to suit various risk tolerances and investment preferences.

Performance: Like any superannuation fund, the performance of HESTA can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. Members should review the specific fees associated with different investment options and account management.

Insurance: HESTA generally provides insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: HESTA offers online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

For more information about the HESTA, you can visit their website at https://www.hesta.com.au/members.


8

Colonial First State (CFS)

CFS

While Colonial First State is known for its platform and investment products, it also offers superannuation solutions.

Investment Products: Colonial First State provides various investment products, including managed funds and investment platforms, catering to both retail and institutional investors.

Superannuation: CFS offers superannuation products and services, including retirement savings and investment options. These may include a range of investment choices with different risk profiles.

Wealth Management: Colonial First State is involved in wealth management services, providing financial planning, investment advice, and other wealth-related services.

Platform Services: CFS offers investment platforms that allow investors to access and manage their investments online. These platforms often provide a consolidated view of various investments.

Ownership: As of my last update, Colonial First State is part of the Commonwealth Bank of Australia (CBA) Group. Please note that corporate structures and ownership can change over time, so it’s a good idea to verify the current status.

Fees and Performance: Like any financial institution, CFS charges fees for its services. Investors should review the specific fees associated with different products and platforms. Additionally, they should consider the historical performance of the investment options.

Regulation: As a financial institution operating in Australia, Colonial First State is subject to regulatory oversight by the Australian Securities and Investments Commission (ASIC) and compliance with relevant financial regulations.

For more information about the Colonial First State (CFS), you can visit their website at https://www.cfs.com.au/.


9

BT Super

Super Funds

BT Super is part of the Westpac Group and provides superannuation products and services.

Superannuation Products: BT Super offers various superannuation products designed to help individuals save for retirement. These products may include different investment options to cater to varying risk appetites.

Investment Options: BT Super typically provides a range of investment options, allowing members to choose how their superannuation contributions are invested. These options may include diversified portfolios with different asset allocations.

Wealth Management: BT Financial Group, which includes BT Super, is involved in providing wealth management services. This may include financial planning, investment advice, and other financial services.

Fees: Superannuation funds generally charge fees for managing accounts and providing services. Members of BT Super should review the specific fees associated with their chosen investment options and account management.

Insurance: BT Super may offer insurance options, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: Like many superannuation providers, BT Super likely offers online services that allow members to manage their superannuation accounts, view balances, make contributions, and access information.

Regulation: As a superannuation provider in Australia, BT Super is subject to regulatory oversight by the Australian Prudential Regulation Authority (APRA) and must comply with the relevant superannuation regulations.

For more information about the BT Super, you can visit their website at https://www.bt.com.au/.


10

QSuper

Super Funds

Originally established for Queensland government employees, QSuper has expanded its membership eligibility and offers various investment choices.

Membership: QSuper is open to a broad range of members, including current and former Queensland government employees, employees of related entities, and members of the general public.

Investment Options: QSuper typically offers a variety of investment options to its members. These options may include diversified portfolios with different asset allocations to suit various risk profiles and investment preferences.

Performance: Like any superannuation fund, the performance of QSuper can vary based on market conditions and investment strategies. Members can usually find information about the fund’s historical performance on its official website.

Fees: Superannuation funds charge fees for managing accounts and providing services. Members should review the specific fees associated with different investment options and account management.

Insurance: QSuper generally provides insurance options for members, including life insurance and total and permanent disability (TPD) insurance. Members may have the flexibility to adjust their insurance coverage based on their needs.

Online Services: QSuper offers online services to its members, allowing them to manage their superannuation accounts, check balances, make contributions, and access educational resources.

Mergers: QSuper had announced plans to merge with Sunsuper, another major Australian superannuation fund. Mergers in the superannuation industry are not uncommon and can impact the services and offerings of the funds involved.

For more information about the Q Super, you can visit their website at https://qsuper.qld.gov.au/.


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Nirad Chirejo

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