| Superannuation Product Phase Type | Accumulation |
|---|---|
| Superannuation Product Type | Choice Product |
| Open to Public? | No |
| Open to New Members? | No |
| Open to New Employers Superannuation? | No |
| Superannuation Product Inception Date | 2023-06-01 |
| Superannuation Product End Date | 0 |
| Member Accounts (rounded to nearest 10) | 790 |
|---|---|
| Member Assets | 62492000 |
| Lifecycle Investments? | No |
|---|---|
| Multi-Sector Investments? | No |
| Single Sector Investments? | No |
| Direct Investments? | No |
| RSE Name | Brighter Super Fund |
|---|---|
| RSE ABN | 23053121564 |
| Fund Type | Public Sector |
| Estimated median account balance | 16213 |
|---|---|
| Median member age | 47 |
| <25 | 3.98 |
|---|---|
| 25 to 29 | 5.11 |
| 30 to 34 | 8.1 |
| 35 to 39 | 11.73 |
| 40 to 44 | 13.88 |
| 45 to 49 | 13.02 |
| 50 to 54 | 13 |
| 55 to 59 | 10.74 |
| 60 to 64 | 8.66 |
| 65 to 69 | 5.54 |
| 70 to 74 | 2.92 |
| 75 to 84 | 2.7 |
| 85+ | 0.61 |
| <25 | 0.47 |
|---|---|
| 25 to 29 | 1.48 |
| 30 to 34 | 3.17 |
| 35 to 39 | 5.84 |
| 40 to 44 | 8.9 |
| 45 to 49 | 10.69 |
| 50 to 54 | 14.55 |
| 55 to 59 | 16.01 |
| 60 to 64 | 15.39 |
| 65 to 69 | 11.06 |
| 70 to 74 | 6.24 |
| 75 to 84 | 5.55 |
| 85+ | 0.64 |
| Members' Benefits : Female | 11295871000 |
|---|---|
| Members' Benefits : Male | 24793789000 |
| Number of member accounts at beginning of period | 246556 |
|---|---|
| Number of new member accounts | 103887 |
| Of which: Rollovers | 7872 |
| Of which: Successor funds transfers | 79421 |
| Number of closed member accounts | 34679 |
| Number of member accounts at the end of period | 315764 |
| Net movement in the number of member accounts | 69208 |
| Growth in the number of member accounts | 28% |
| Employer contributions | 1526321 |
|---|---|
| Member contributions | 544403 |
| Defined benefit contributions | 24070 |
| Contribution tax and surcharge | 237205 |
| Other members’ benefits flows in | 0 |
| Total Members' benefit flows in | 1857589 |
| One-year rate of return | 10.3% |
|---|---|
| Five-year rate of return | 7.1% |
| Ten-year rate of return | 6.6% |
| Insurance Claims Received Count | 225 |
|---|---|
| Insurance Claims Withdrawn Count | 6 |
| Insurance Claims Undetermined Count | 5 |
| Insurance Claims Declined Count | 0 |
| Insurance Claims Finalised - Other Count | 23 |
| Insurance Claims Admitted Count | 211 |
| Insurance Claims Admitted Amount | 73882.17 |
|---|---|
| Claims Admittance Rate (1 year) | 97.7% |
| Claims Admittance Rate (5 years) | 97.8% |
| Insurance Average Claim Duration Number (Admitted claims) | 35.73 |
| RSE Licensee | Brighter Super Trustee |
|---|---|
| RSE Licensee Ownership Type | Public sector organisation ownership |
| RSE Licensee Profit Status | Not for profit status |
| RSE licensee board structure | Equal representation required by governing rules |
| Number of female directors on trustee board | 4 |
|---|---|
| Number of male directors on trustee board | 6 |