Australia Post Superannuation Scheme - Allocated PensionInformation shown is for the rated option.
What the Researchers Say:
An Other rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.00%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Corporate-Allocated Pension|
Fund Highlights - provided by Australia Post Superannuation Scheme - Allocated Pension
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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 30/06/2016, 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.
Percentage of Growth Assets
What the researchers say
The Australia Post Superannuation Scheme Allocated Pension opened in 1997 as a superannuation offering for current and former employees of Australia Post and Australian Air Express, together with their spouses. The Australia Post Allocated Pension is designed for previous members of the defined benefit Australia Post Superannuation Scheme and is not open to the public.
A limited selection of investment strategies is offered consisting of a Growth style option (called Market Return Member Savings) and a Cash option. Returns of the Cash Return Member Savings option are protected by a capital guarantee. Returns of the Market Return Member Savings are expected to return more than Cash Return Member Savings over the long term, but without a capital guarantee. The Market Return Member Savings option has undperformed the SuperRatings Index over the short and longer term.
Fees associated with this product are lower than the industry average for small and medium account balances assessed. Ongoing investment management costs are paid for by the member.
The Australia Post Allocated Pension provides average product flexibility, with monthly, quarterly or annual pension payment frequencies available. Members have little extra in the way of additional features on offer, although a transition to retirement pension (called Pre-Retirement Pension) is available for member's wanting to top up their salary in the lead up to retirement.