AustralianSuper’s Food & Confectionery Division specialises in providing superannuation for people working in the food and confectionery industry.
Food & Confectionery members benefit from flexible investment and insurance options with a range of other competitive products and services that only a 'run only to profit members' industry fund like AustralianSuper can provide.
Performance
AustralianSuper offers good long term performance that can help you save more over the long term. Over five years, invested in a balanced investment option, AustralianSuper provided higher savings than an average master trust, which is a fund run by a bank or insurance company.
Fees and costs
Using the bulk-buying power of AustralianSuper, the fees and costs for administration, investment management and insurance are low.
Insurance
Food and Confectionery members can take advantage of:
- cover provided 24 hours a day, 7 days week – not just when you’re at work
- premiums at discounted bulk rates, which is less than what you’d pay as an individual
- hassle-free premium payments that are deducted from your super account each month
- an option to increase cover at any time to suit your needs (subject to meeting the insurer’s health evidence requirements).
Eligibility for insurance cover
Insurance cover is available for:
- Death - up to age 70
- Total and Permanent Disablement (TPD) - up to age 65.
- Income Protection - up to age 65 (payments for up to two years).
Maximum cover
The maximum levels of cover for Food & Confectionery members:
| Type of insurance cover |
Maximum cover |
| Death |
No maximum |
| TPD |
$3,000,000 |
| Income Protection |
$50,000 per month |
More information
More information about your insurance options - including costs, forms, beneficiaries and terms and conditions - is available in the Food and Confectionary Division Member Guide.
Investment choices – AustralianSuper’s wide range of 17 investment options provides flexibility and choice. You can review the options in Investment choices.