Money reveals the Best-Value MySuper Products for 2022


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QSuper is the best-value MySuper product for the second year in a row with its one low fee across all balance levels.

"As a profit-for-members fund, we work hard to keep our fees low so more money goes towards our members' retirement savings," says Charles Woodhouse, QSuper's acting chief executive officer.

Smart, cost-effective MySuper solutions have never been more important given another year of disruption due to COVID-19. Woodhouse says the fund's purpose - to make members confident they can look forward to their best years - remains the same, despite recent challenges in the economic environment.

best of the best 2022 best value mysuper products

"This year we continued to focus on delivering market-leading, intuitive investment strategies while providing the services and support our members need," he says.

Recognising that people's needs change over their lifetime, QSuper gives members a lifetime option that provides a personal, tailored solution based on age and balance and is reviewed every six months.

QSuper has been a pioneer in offering lifetime options for its members and has eight solutions based on age and retirement balance.

Anyone under 40 is placed in the Outlook option with a medium to high risk profile. Then 40- to 49-year-olds are placed in either Aspire 1 or Aspire 2 depending on whether they have more or less than $50,000 in super. Aspire will have a more aggressive or conservative investment strategy depending on the member's balance.

The next age group - 50- to 57-year-olds - are placed in Focus 1, 2 or 3, depending on whether they have less than $100,000, between $100,000 and $250,000 or more than $250,000 in super.

The investment strategy of this cohort moves away from growth and more towards protection, depending on balance size.

The last options are Sustain 1 or 2 for over 57-year-olds with balances of more or less than $300,000. Across the eight solutions, the lower-balance options tend to have a higher allocation to growth assets, such as equities.

Woodhouse says this approach held up strongly through the pandemic.

EISS Super came second in this category, for the second year in a row, while a newcomer to the top five, Mercy Super, came third.

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