MySuper products often have low fees and simple features. They also automatically include a Life and Total and Permanent Disability (TPD) insurance policy. For these reasons they are the default super fund product that employers must provide employees who do not select their own fund. 

Check your PDS
You pay a premium for your MySuper Life and TPD insurance policy that is in addition to the fees to management your super account and investments. You should check the Product Disclosure Statement (PDS) to ensure you want life insurance with your MySuper fund, and that you are happy with your level of insurance cover and the policy premium costs.

What type of investment is MySuper?
Your MySuper account will either be a single investment option, typically a growth or balanced investment or a life-stage investment.

The life-stage investments in MySuper automatically reduce the amount of your super invested in growth assets such as shares or property the older you get. This life-stage strategy assumes that you are happy to forego potentially higher investment returns to reduce the risk of investment losses the closer you get to retirement. 

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General advice disclaimer
This is general information only and does not take into account your personal objectives, financial situation or needs. You should assess whether the information is appropriate for you having regard to your objectives, financial situation and needs and consider obtaining independent professional advice before making an investment decision. If information relates to a specific financial product you should obtain a copy of the product disclosure statement for that product and consider that statement before make a decision whether to acquire the product.

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