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What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.

  • Gold
  • Rising Star Finalist
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $440 $700 -$260
250k $2,200 $3,016 -$816
500k $4,100 $5,720 -$1,620

Investment Allocation

Intl shares 27.0%
Aus shares 30.0%
Property 10.0%
Alternative 15.0%
Fixed interest 13.0%
Cash 5.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.25%
Investment Fee 0.63%
Switching Fee $0
Exit Fee $55
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 116,000
Total Assets $1,911,749,452
Year Started 2001
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by AustSafe Super Account Based Pension

Free retirement planning and information seminars.
Field staff licensed to provide limited personal advice.
Access to financial planning through partnership organisation Industry Fund Services.
Free yearly pension 'Health Check' with financial planners.
Members can nominate to drawdown from their Cash option.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.87%
11.55%
13.17%
17.95%
0.08%
10.02%
Fund
Benchmark
Diversified Fixed Interest 3.27%
3.10%
4.91%
4.29%
7.87%
6.40%
7.92%
4.74%
9.22%
9.58%
9.43%
6.56%
Fund
Benchmark
Growth 1.67%
1.40%
14.31%
11.50%
15.38%
15.91%
21.11%
19.45%
-1.51%
-1.21%
9.86%
11.20%
Fund
Benchmark
Australian Shares 4.75%
1.67%
8.11%
6.75%
16.82%
18.31%
18.17%
23.30%
-7.86%
-6.67%
11.80%
12.47%
Fund
Benchmark
Overseas Shares -5.60%
-3.54%
19.79%
20.36%
19.85%
19.88%
30.63%
29.76%
-2.79%
-3.07%
7.27%
7.44%
Fund
Benchmark
Capital Stable 3.88%
2.20%
7.20%
6.35%
10.85%
8.17%
-0.04%
9.14%
Fund
Benchmark
Property 10.23%
10.54%
9.99%
10.92%
3.73%
10.68%
10.07%
12.91%
8.81%
7.92%
10.43%
11.91%
Fund
Benchmark
Cash 2.34%
1.89%
3.13%
2.61%
3.62%
2.78%
4.58%
3.48%
5.37%
4.76%
5.91%
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

The AustSafe Super Account Based Pension was established in 2001 to provide a pension product to workers in rural and associated industries. Today AustSafe Super is a public-offer fund, meaning membership is open to all Australian residents. A minimum initial investment of $50,000 is required to be eligible to join this product.

A selection of nine investment options is offered to members, covering both Diversified and Single Sector investments. Performance has been above the SuperRatings' Index over the long-term.

AustSafe Super's fees are competitive across all account balances assessed. Ongoing fees are low and members are entitled to free investment switches; however, an exit fee does apply.

The AustSafe Super Account Based Pension provides reasonable product flexibility. Members are able to select from 5 pension payment frequencies with payments made directly to the member's bank account or by cheque, however cheque payments incur a fee. Members can choose to have their pension payments made from their cash account exclusively or drawn proportionately from their account.

A suite of member educational tools and ancillary benefits are offered to members, including financial planning services through Industry Fund Services and discounted banking products and health insurance through ME.


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