Advertisement
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
  • Fund of the Year
  • Pension of the Year
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $498 $700 -$202
250k $2,178 $3,016 -$838
500k $4,278 $5,720 -$1,442

Investment Allocation

Intl shares 35.0%
Aus shares 23.0%
Property 10.0%
Alternative 14.0%
Fixed interest 6.0%
Cash 5.0%
Other 7.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.11%
Investment Fee 0.73%
Switching Fee $0
Exit Fee $35
Account Size Discount Yes
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 2,125,213
Total Assets $96,231,783,000
Year Started 2008
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by AustralianSuper Choice Income Account

Strong investment returns and low fees
Flexible investment choice - 13 options including the Member Direct option
Award winning communication and investor education
Free retirement seminars and webcasts
Full online account access at any time via PensionOnline
Flexible pension payment options
Access to home loans, banking products, health insurance, non-super investment products and commission-free financial advice

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.28%
12.60%
15.93%
17.17%
1.49%
11.00%
Fund
Benchmark
Conservative Balanced 3.70%
1.92%
10.59%
8.25%
12.98%
11.01%
14.50%
12.60%
3.27%
3.18%
10.59%
9.13%
Fund
Benchmark
Secure 2.05%
1.92%
5.34%
8.25%
2.74%
11.01%
4.14%
12.60%
5.77%
3.18%
5.73%
9.13%
Fund
Benchmark
Diversified Fixed Interest 3.02%
3.10%
6.70%
4.29%
6.98%
6.40%
7.01%
4.74%
14.24%
9.58%
9.14%
6.56%
Fund
Benchmark
Growth 2.72%
1.40%
14.52%
11.50%
18.35%
15.91%
19.12%
19.45%
-0.91%
-1.21%
11.91%
11.20%
Fund
Benchmark
Australian Shares 3.83%
1.67%
7.30%
6.75%
20.11%
18.31%
24.65%
23.30%
-5.22%
-6.67%
12.89%
12.47%
Fund
Benchmark
Overseas Shares -2.06%
-3.54%
25.83%
20.36%
19.65%
19.88%
27.75%
29.76%
-3.07%
-3.07%
3.93%
7.44%
Fund
Benchmark
Capital Stable 4.03%
2.20%
8.47%
6.35%
9.59%
8.17%
10.21%
9.14%
5.91%
4.79%
8.81%
7.97%
Fund
Benchmark
Property 9.78%
10.54%
10.51%
10.92%
8.91%
10.68%
6.70%
12.91%
7.97%
7.92%
9.99%
11.91%
Fund
Benchmark
Cash 2.14%
1.89%
2.87%
2.61%
3.02%
2.78%
3.73%
3.48%
5.06%
4.76%
5.41%
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

Established in 2006, AustralianSuper is a public offer industry fund that manages over $96 billion in assets. AustralianSuper Choice Income Account was established in 2008. It is assessed as one of the best Pension products in the industry, made evident by winning the 2016 Pension of the Year Award.

AustralianSuper Choice Income Account members have access to 12 Diversified and Single Sector investment strategies, which includes a Socially Aware option. Furthermore, access to Term Deposits, ETFs and ASX300 shares is provided via the Member Direct option (Use of the Member Direct option entails additional costs). The AustralianSuper Pension Balanced option has exhibited excellent short-term and long-term performance, providing members with top quartile returns.

Fees for this product are rated as excellent across all assessed account balances. No switching fees are charged and the Asset Administration fee is capped at $750 p.a. However, exit fees are applicable.

AustralianSuper Choice Income Account members receive an excellent level of flexibility. Members can elect to receive their pension payments in a variety of frequencies, ranging from fortnightly to annually. Members can also automatically increase pension payments by a nominated percentage or by CPI annually.

Free retirement seminars are held Australia-wide and members have access to a range of educational aids such as commission free financial planning, online calculators and live webcasts.


Other Funds Promoted