Highlighted results for search term

Choosing Your Default Fund

Superannuation builds up throughout your employees’ working lives and may need to last them over 20 years, so choosing the right default fund for your business is important.

We've put together our top 5 things to consider when choosing your business' default superannuation fund.

When choosing your business' default fund, you may wish to consider what system the fund has in place to ensure you don’t spend too much time on administration. Your default fund should be quick and easy.

Virgin Super has an easy to use online system is available 24/7, so you can reduce your time spent on admin. Super. Solved.

Small differences in fees and costs can have a substantial impact on your employees’ savings when they retire. So when considering your default fund you should compare fees and costs across a number of funds.

Rest assured Virgin Super's still saying a big fat NO to complexity and unnecessary fees that eat away at your savings. Super. Solved.

It's important to look at what investment options are available for your employees as they may have different needs.

Virgin Super has two options:

  • Virgin Super Essentials (default) does the hard work for your employees with our LifeStage® Tracker which manages the investment mix as an employee gets older.
  • Virgin Super Plus allows employees to take more control by mixing and matching from a choice of pre-determined investment mixes.

Super. Solved.

Being protected is important, that’s why for Aussie residents aged 15 - 64 Virgin Super adds pre-approved Automatic Insurance cover for Death & Total and Permanent Disablement (TPD) Insurance based on your employees age. We also offer Tailored Insurance cover for those who might want tailor cover to suit their needs. For more information about insurance refer to the Insurance Guide.

We know there have been a lot of changes for Super and it can be confusing. So we've put together a handy eBook, just download to learn more about MySuper and what it means for you and your business.

final_badge_red One of the key changes is that by 1 January 2014, all employers must pay contributions into a MySuper authorised product for any employee who has not made a choice of fund.

A MySuper product must be authorised by APRA and include:

  1. A single diversified investment option.
  2. Same fees for all – fees must be the same for all members and there must be no entry fees, adviser fees or commissions.
  3. Automatic Insurance – to ensure all members are protected, Automatic Death and Total & Permanent Disablement Insurance will be added to every account which members can tailor or opt-out completely.
Virgin Super Essentials is an authorised MySuper compliant product.

Join Virgin Super

Contact us.

Call 1300 652 770

8am-6pm AEST,


This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don’t know your financial needs we can’t advise if Virgin Super will suit you. Please consider the Product Disclosure Statement and Financial Services Guide before making a decision about the product.


Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395, AFSL 286869. The Trust Company (Superannuation) Limited ABN 49 006 421 638, AFSL 235153 is Trustee for Virgin Superannuation ABN 88 436 608 094.Virgin Superannuation ABN 88 436 608 094.