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Default fund selection
A default fund (or employer fund) is the fund to which you pay your employee's Superannuation Guarantee (SG) contributions if they do not exercise choice.
By law, you must nominate a default fund on the Choice of Fund form you provide to your employees. The default fund you nominate must also be a compliant super fund; and offer a 'minimum' level of insurance cover for death.
What makes a good fund?
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ASIC's Consumer-Friendly Fund checklist:
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Clear, meaningful information about investment strategy, long-term performance, investments and managing investment risk (how we do this)
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A clear explanation of the relationship between the trustee and fund managers (how we do this)
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On-time annual reports, performance updates and newsletters (how we do this)
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Experience how easy super can be with us
Call us on (03) 9911 3222 (regional callers 1300 300 820) or Join us now.
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