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What the Researchers Say:

A "best value for money" fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 7 Year Platinum Performance
  • Pension of the Year Finalist
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $470 $700 -$230
250k $1,630 $3,016 -$1,386
500k $3,080 $5,720 -$2,640

Investment Allocation

Intl shares 15.0%
Aus shares 15.0%
Property 9.0%
Alternative 20.0%
Fixed interest 36.0%
Cash 5.0%

Fees & Charges

Membership Fee $180
Asset Admin Fee 0.00%
Investment Fee 0.58%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 71,234
Total Assets $9,180,069,880
Year Started 1997
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by AUSCOAL Super - Account Based Pension

A fundamental commitment to understanding and meeting the needs of coal miners and their families.
Fees well below the industry and not for profit average.
Free face to face interviews and personal telephone service through an inhouse call centre.
Above median long term investment returns.
Choice of 11 investment options, 5 Diversified and 6 Single Sector.
Regional member information seminars held on a regular basis throughout NSW and Queensland.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
High Growth 1.68%
-0.36%
11.01%
13.21%
17.29%
17.79%
19.67%
22.59%
-0.75%
-3.09%
12.59%
11.80%
Fund
Benchmark
Conservative Balanced 2.21%
1.92%
7.91%
8.25%
12.56%
11.01%
13.08%
12.60%
4.34%
3.18%
11.58%
9.13%
Fund
Benchmark
Diversified Fixed Interest 1.83%
3.10%
4.37%
4.29%
7.47%
6.40%
5.97%
4.74%
9.91%
9.58%
9.36%
6.56%
Fund
Benchmark
Growth 2.03%
1.40%
9.39%
11.50%
14.88%
15.91%
16.10%
19.45%
2.27%
-1.21%
12.63%
11.20%
Fund
Benchmark
Australian Shares 3.56%
1.67%
5.38%
6.75%
19.56%
18.31%
20.70%
23.30%
-9.09%
-6.67%
13.56%
12.47%
Fund
Benchmark
Overseas Shares -3.31%
-3.54%
20.27%
20.36%
20.00%
19.88%
28.46%
29.76%
1.14%
-3.07%
11.56%
7.44%
Fund
Benchmark
Capital Stable 2.23%
2.20%
6.37%
6.35%
9.86%
8.17%
9.83%
9.14%
5.62%
4.79%
10.25%
7.97%
Fund
Benchmark
Property 8.98%
10.54%
9.84%
10.92%
10.36%
10.68%
9.64%
12.91%
4.66%
7.92%
11.93%
11.91%
Fund
Benchmark
Cash 2.03%
1.89%
2.90%
2.61%
3.19%
2.78%
3.89%
3.48%
5.00%
4.76%
5.09%
5.05%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Formed in 2005 Mine Wealth + Wellbeing Super today continues to provide superannuation services and financial advice to employees in the coal mining industry and their families. The Mine Wealth + Wellbeing Pension is a Pension of the Year finalist in 2016.

The fund offers a straightforward choice of 11 investment options, including a new Capital Guarded option designed to better meet the needs of retirement members. The Balanced option has historically performed closely in line with the SuperRatings Index, while the other investment options have also provided good historical returns.

The Mine Wealth + Wellbeing Pension provides a low cost fee structure across all account balances assessed and members are entitled to free investment option switches.

Mine Wealth + Wellbeing Super provide a free superannuation information service to all members and hold regular information seminars in major mining areas throughout NSW and Queensland. The fund releases member statements twice yearly and members also have access to in-house financial advisers.

Mine Wealth + Wellbeing Pension offers average product flexibility. A Transition to Retirement Pension is available for members to top up their income as they approach retirement.

Mine Wealth + Wellbeing Super has shown its commitment to environmental, social and governance concerns as a cornerstone investor in the Sustainable Agriculture Fund (SAF).


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