Important information

Important information

At Super SA we’re committed to helping you grow your super so you can live your best life in retirement.

This page provides a summary of key information about our Flexible Rollover Product (FRP), to help you on your super journey with us. Please read this information along with the following documents.

SSA1573_100X100_Product Disclosure Statement PDS.pngProduct Disclosure Statement (PDS)

Contains important information about your Flexible Rollover Product account.
Contact us if you'd like to request a paper copy. 
Download PDS >

SSA1573_100X100_Investment Guide.pngInvestment Guide

The Investment Guide forms part of the Flexible Rollover Product PDS.
Download Investment Guide >

SSA1573_100X100_Reference guide.pngReference Guide

The Reference Guide forms part of the Flexible Rollover Product PDS.
Download Reference Guide >

SSA1573_100X100_Insurance.pngInsurance

This insurance information forms part of the Flexible Rollover Product PDS.

Your investment options

As an FRP investor, you can choose to invest in one – or a combination – of seven investment options. 

Check your Welcome Letter to see which option(s) you are invested in.

FRP investment options include:

  • High Growth
  • Socially Responsible
  • Balanced
  • Moderate
  • Stable
  • Capital Defensive
  • Cash


For more information, please see the FRP Investment Guide.

Consider seeking financial advice when deciding on the investment options that are right for you. 


Understanding fees and costs

There are various fees and costs that may be charged on your Flexible Rollover Product account. 

 

Administration fees and costs

$1.35 a week. This is deducted from your account balance, weekly.

Plus, an asset-based fee of 0.05% p.a. of your FRP account balance (to a maximum of $325 p.a.). This is deducted from your account balance, monthly.

Plus, a 0.05% p.a. fee is deducted from investment returns before they are allocated to your account to support the Operational Risk Reserve (ORR). The purpose of the ORR is to maintain adequate financial resources to protect members from operational failures.

Investment fees and costs

Between 0.05 and 0.75% p.a. of your FRP account balance. This is deducted from the investment returns before they are allocated to your account.

Transaction costs

Between 0 and 0.09% p.a. of your FRP account balance. This is deducted from the investment returns before they are allocated to your account.

 

Insurance premiums

If you have applied for and been provided with Death and Total and Permanent Disablement or Death Only insurance cover through FRP, your premiums will be deducted from your FRP account. For more information, refer to the insurance section below or the Flexible Rollover Product insurance fact sheet.

Low account balance protection

If your FRP account balance is less than $6,000 at the end of the financial year (or on closing your account), the total combined amount of administration fees and costs, investment fees and costs, and transaction costs charged to you are capped at 3% of the account balance.

Other fees may apply

Other fees that may be deducted from your account could include activity fees, financial advice fees or Family Law fees, if applicable. These will depend on the nature of the activity or advice chosen by you.

For more information about FRP fees and costs, please see the Flexible Rollover Product PDS and the Flexible Rollover Product Reference Guide

 

Insurance through super

While insurance is not automatically issued with FRP, you have the option to add it (or transfer your Triple S insurance, if applicable) to your FRP account. As an FRP investor, you can apply for either Death and Total and Permanent Disablement (TPD) insurance or Death Only insurance cover, subject to eligibility. Spouse Members can only have Death Only insurance cover.

The table below provides a summary of the two types of insurance an FRP investor and their spouse (or putative spouse) can apply for.

 

Your insurance options with FRP

 

Death and TPD insurance

Death Only insurance

Description

Can provide you with an insured benefit, payable in the event of your total and permanent disablement, or to your spouse or estate in the event of your death.

This is payable in addition to your FRP account balance.

Can provide you with an insured benefit, payable to your spouse/putative spouse or estate in the event of your death.

This is payable in addition to your FRP account balance.

Eligibility to apply for cover

Available to FRP investors under age 70. Spouse members can only apply for Death insurance.

Available to FRP investors including spouse investors under age 70. 

Key Benefit

A lump sum insurance entitlement payable in the event of your total and permanent disablement or suffering a terminal illness, or to your spouse or estate in the event of your death.

Cover of up to $1,500,000 is available to investors.

A lump sum insurance entitlement payable to your spouse/putative spouse or estate in the event of your death.

Cover of up to $1,500,000 is available to investors and spouse investors.

Type of cover

Both Standard and Fixed Benefit Insurance is available.

Both Standard and Fixed Benefit Insurance is available.

 

For full details, including conditions, restrictions, limitations, increasing or decreasing your cover, or switching your type of insurance, see the Flexible Rollover Product Insurance fact sheet.


Learn more about your super

Your entitlement, including eligibility for any insured benefit, is and shall always remain that which is determined in accordance with the Southern State Superannuation Act 2009 and Regulations.
The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information in this publication is of a general nature only and has been prepared without taking into account your objectives, financial situation, or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation, and needs, read the Product Disclosure Statement (PDS), and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.