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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.

  • Other
Awards
Fund data valid as of February 28, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $995 $687 $308
250k $4,975 $2,937 $2,038
500k $9,950 $5,571 $4,379

Investment Allocation

Intl shares 16.0%
Aus shares 28.0%
Property 7.0%
Alternative 14.0%
Fixed interest 31.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.10%
Investment Fee 1.89%
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 30,419
Total Assets $1,845,091,231
Year Started 1995
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by BT Lifetime - Flexible Pension

No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.99%
1.88%
9.94%
10.58%
12.35%
-0.18%
Fund
Benchmark
Diversified Fixed Interest -2.58%
0.96%
5.75%
5.02%
3.29%
4.29%
4.61%
6.40%
0.63%
4.74%
11.55%
9.58%
Fund
Benchmark
Growth 7.29%
8.70%
-0.40%
2.80%
6.00%
11.50%
10.41%
15.91%
17.11%
19.45%
-3.94%
-1.21%
Fund
Benchmark
Australian Shares 11.46%
11.62%
-2.34%
2.22%
8.77%
6.75%
17.00%
18.31%
22.71%
23.30%
-7.97%
-6.67%
Fund
Benchmark
Overseas Shares 9.06%
10.19%
-3.74%
-2.72%
24.56%
20.36%
19.18%
19.88%
33.86%
29.76%
-2.02%
-3.07%
Fund
Benchmark
Capital Stable 1.63%
3.54%
2.09%
3.64%
1.48%
6.35%
4.58%
8.17%
6.77%
9.14%
1.77%
4.79%
Fund
Benchmark
Property -3.39%
4.42%
22.27%
13.83%
18.07%
10.92%
8.50%
10.68%
20.70%
12.91%
10.34%
7.92%
Fund
Benchmark
Cash 0.42%
1.30%
0.78%
2.25%
1.15%
2.61%
0.99%
2.78%
1.65%
3.48%
2.88%
4.76%
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 30/06/2016, 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.

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

BT Lifetime Flexible Pension was established in 1995 by the BT Financial Group, which is part of Westpac. A minimum initial investment of $25,000 is required to be eligible to join this product. The fund offers a range of features, one being their intuitive Wealth Review program, which aims to help members reach their financial and personal goals. The Wealth Review program is a 2017 Best New Innovation of the Year Finalist.

Members have access to an investment menu across a variety of asset classes, risk profiles and individual managers. The BT Balanced Returns CF option has underperformed the SuperRatings Index over the short and long term.

Fees are high when compared to the industry average across all account balances. No fees are charged for switching investments or exiting the fund, although a Buy/Sell spread will apply.

Reasonable pension flexibility is provided by BT Lifetime Flexible Pension. Members can choose from 3 pension payment frequencies, with all pension payments made to the member's bank account on a date specified by the fund. Pension payments can be automatically increased in line with CPI each year.

Financial planning services are accessible to members and the fund's website caters to advisers and members with a range of educational materials, calculators and reporting capabilities. Members also have access to the BT Benefits Now program, which offers discounts on a range of services including travel, entertainment and gym membership.