Aware Super Overview of Services and Features

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Aware Super is a great option for those looking to invest in their future. With a wide range of services and features, they cater to various needs and goals.

Their superannuation products are designed to help Australians achieve financial security and stability. They offer a range of investment options, including diversified funds and sector-specific investments.

Aware Super's fees are competitive, with some options offering no account-keeping fees. This can be a significant cost-saver for members.

Their online platform is user-friendly and allows members to easily access and manage their accounts.

Pension Options

Aware Super offers a range of pension options to suit different needs.

One option is the TTR pension, which allows you to gradually transition into retirement while still earning a regular income.

Aware Super's pension investment options are designed to help you achieve your retirement goals.

Expand your knowledge: Australian Retirement Trust

Offers TTR Pension

Aware Super offers a range of pension options, including the transition-to-retirement (TTR) pension.

This type of pension allows you to access a portion of your superannuation savings while still working, which can be a great way to supplement your income.

Aware Super also offers TTR pension investment options, giving you more control over how your money is invested.

Broaden your view: Bcbs Aware Network

Aussie Funds Seek Edge

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Australia's superannuation market is becoming increasingly concentrated, prompting fund managers to seek a competitive edge. Aware Super and UniSuper, two of the country's largest asset owners, are looking to enhance their advantage.

Aware Super's CIO Damian Graham notes that their venture capital investment in tech unicorn Canva has been a good value for money, but it's an unusual move in the pension investing space. The $175 billion fund is looking to make the most of its investments.

Aussie funds are under pressure to perform well, and Aware Super and UniSuper are no exception. By investing in venture capital, they're trying to stand out from the crowd and deliver better returns for their members.

For more insights, see: Venture Capital Funds in Singapore

Current Ratings and Awards

Aware Super has received numerous awards and ratings in recent years.

Aware Super was named Super Fund of the Year and Pension Fund of the Year by Chant West in 2024, in addition to being recognized as Best Fund for Investments and Best Fund for Insurance.

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Finder Awards also recognized Aware Super in 2024, naming it Provider of the Year and Best Low Fee Super Fund, as well as Best Conservative Super Fund.

Aware Super's retirement offering, Aware Super Retirement Income, was awarded Retirement Offering of the Year 2024 by SuperRatings.

In 2025, Aware Super received a 5 Apple super rating from Chant West for its Aware Super Future Saver product.

SuperRatings also recognized Aware Super in 2025, naming it Super Fund of the Year, Best Digital Offering, Smooth Ride award, and MyChoice Super of the Year.

Aware Super's ultra-long-term performance earned it a Money Magazine award in 2025.

Insurance

Aware Super offers a range of insurance options to help protect your financial future. You can choose from life insurance, total and permanent disablement (TPD) cover, and income protection cover.

With Aware Super, you can opt in for default insurance cover when you become a member, which includes death cover and TPD cover. Your level of cover will depend on your age and occupation, and you can adjust or cancel it at any time.

Aware Super's insurance options provide financial support in various situations: death, disability, and income loss. You can reduce your level of cover or cancel it altogether if needed.

Expand your knowledge: China Pacific Insurance Company

USI Numbers

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Aware Super has several USI numbers associated with their different superannuation products.

One of these USI numbers is for the Aware Super Defined Benefit, which is 53226460365003.

Aware Super also has a USI number for their Future Saver product, which is 53226460365001.

Their Lifetime Pension product has a USI number of 53226460365004.

The Retirement Income product from Aware Super has a USI number of 53226460365002.

Aware Super's Term Allocated Pension product has a USI number of 53226460365014.

Their Guaranteed Income product has a USI number of 53226460365013.

Here are the USI numbers for Aware Super's products in a list:

  • Aware Super Defined Benefit: 53226460365003
  • Aware Super Future Saver: 53226460365001
  • Aware Super Lifetime Pension: 53226460365004
  • Aware Super Retirement Income: 53226460365002
  • Aware Super Term Allocated Pension: 53226460365014
  • Guaranteed Income: 53226460365013

Insurance Options

Aware Super offers a range of insurance options to protect your financial future. You can opt in for death, total and permanent disablement (TPD), and income protection insurance cover.

Death cover is paid to your beneficiaries in the event of your unexpected death. TPD cover is paid to you if you become disabled to the point you cannot work. Your level of cover will depend on your age and occupation.

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You can reduce your level of cover or cancel your cover altogether at any time. You also have the option of adding income protection insurance cover at any point.

Here are the default insurance options available with Aware Super:

  • Death: Paid to your beneficiaries in the event of your unexpected death.
  • TPD: Paid to you if you become disabled to the point you cannot work.

Administration

Aware Super is administered by Aware Super Pty Ltd, which is the RSE licensee of the fund. This company is structured as a public sector entity.

The fund is open to the general public, making it a public offer super fund. Aware Super's expenses ratios are lower than the average, with an investment expenses ratio of 0.3% and an operating expenses ratio of 0.2%.

Here's a breakdown of Aware Super's board structure:

Abn

The Aware Super ABN number is 53226460365. This unique identifier is essential for administrative purposes. It's a good idea to keep track of your ABN number, especially if you're dealing with financial institutions like Aware Super.

The best fund offered by Aware Super, according to Chant West, is the Integrity fund.

Administration Details

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Aware Super has a public offer status, meaning it's open to the general public. Its fund type is Public Sector.

The RSE licensee, Aware Super Pty Ltd, is owned by entities with equal representation required by governing rules, and it operates as a not-for-profit organization. The board structure is described as "Other ownership type".

Aware Super's investment expenses ratio is 0.3%, which is higher than the average of 0.18%. Its operating expenses ratio is 0.2%, lower than the average of 0.49%.

The fund's board consists of 7 female directors (73% of the total) and 3 male directors (27% of the total). This gender ratio is higher than the average for super funds.

The total remuneration of the directors on the trustee board is $1,439,000, which is higher than the average of $743,412. The average remuneration per director is $144,000, higher than the average of $102,069.

Investment Options

Aware Super offers a range of investment options to suit different needs and goals.

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If your fund isn't performing well, you can check its ranking in Aware Super's pension fund rankings to see how it compares to others.

Aware Super also offers transition-to-retirement (TTR) pension investment options, which can help you manage your finances during this stage of your life.

The fund's CIO, Damian Graham, has mentioned that its venture capital investment in tech unicorn Canva has been a good value for money, although it's an unusual investment for a pension fund.

Pension Investment Options

Aware Super offers a range of pension investment options, including Aware Super pension investment options that are ranked among the top performers.

If your fund isn't performing well, it's worth checking where it ranks in Aware Super's pension fund rankings.

Aware Super also offers transition-to-retirement (TTR) pension investment options, which can be a great option for those nearing retirement.

You can choose from a variety of investment options within the TTR pension, to suit your needs.

Aware Super's Conservative Balanced fund won the best conservative fund award this year, with reasonable fees and solid performance compared to other conservative funds.

This fund is a great option for those who want to minimize risk and maximize returns.

Balanced Indexed

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If you're looking for a balanced investment option, consider Aware Super Balanced Indexed. It won the best low fee super fund award, which is a testament to its strong performance and low fees.

This fund had some of the lowest fees on the market, making it an attractive option for those who want to save on costs without sacrificing returns.

International Shares

International Shares can be a great investment option for those looking to diversify their portfolio. Aware Super International Shares ranked in highly commended for the shares super fund category.

Investing in international shares can provide access to a broader range of companies and markets, potentially leading to more opportunities for growth. However, it's essential to do your research and consider the associated risks.

Aware Super International Shares offer a way to invest in international shares within a super fund, which can be beneficial for those looking to save for retirement.

Fund Information

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Aware Super is a superannuation fund that offers a range of investment options to its members.

Aware Super was established in 2014 as a merger between three separate super funds.

It has over 1 million members and more than $180 billion in funds under management.

Aware Super offers a range of investment options, including a Balanced option that aims to provide a stable return over the long term.

The Balanced option has a mix of different asset classes, including shares, property, and bonds.

Aware Super also offers a range of other investment options, including a Conservative option for more cautious investors.

For your interest: Ethical Super Funds

Key Features Explained

Aware Super offers a range of investment options, with 15 choices available, including 9 pre-mixed portfolios and 6 single asset class options.

You can choose to invest in a high growth option through Aware Super's MySuper option, which will gradually change to a growth option with slightly less exposure to shares once you turn 55.

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Aware Super also provides an option to invest in a pre-mixed portfolio of socially conscious options across super, giving you the chance to make a positive impact with your investments.

Eligible members receive automatic death and total permanent disablement (TPD) cover, with the option to increase, reduce or cancel cover at any time.

Aware Super offers tailored insurance cover for some higher risk professions, such as police and ambulance.

You can easily consolidate your existing super into your new Aware Super account online, either when you join or at any time after.

Aware Super members can get free access to general advice about their super account, insurance and investment options, as well as access to personal financial advice and planning for an additional fee.

Here are the key features of Aware Super at a glance:

  • Investment options: 15 choices, including 9 pre-mixed portfolios and 6 single asset class options
  • MySuper option: high growth option that changes to a growth option with slightly less exposure to shares at age 55
  • Ethical investments: pre-mixed portfolio of socially conscious options available
  • Default insurance cover: automatic death and TPD cover for eligible members
  • Consolidation: easily consolidate existing super into Aware Super account online
  • Advice: free general advice and personal financial advice and planning available

Frequently Asked Questions

Is Aware a good super fund?

Aware Super has received 3 out of 5 stars from 515 genuine reviews on ProductReview.com.au, indicating a mixed level of customer satisfaction. Read reviews to learn more about Aware Super's strengths and weaknesses.

What does Aware Super do?

We're a large Australian super fund that invests in a wide range of quality investments to grow your retirement savings over the long term. Our goal is to help you achieve the retirement you're planning for.

What is the average return on Aware Super?

The average return on Aware Super's MySuper Lifecycle Grow Age 55 and under product is 8.82% per annum over 10 years, with a 5-year average return of 8.21% p.a. and a 1-year return of 11.02% as of 30 June 2024.

Who has Aware Super merged with?

Aware Super has merged with the Victorian Independent Schools Superannuation Fund (VISSF). The merger was finalised through a successor fund transfer.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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