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
  • Infinity Recognised
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $585 $708 -$123
250k $2,685 $3,049 -$364
500k $5,310 $5,778 -$468

Investment Allocation

Intl shares 22.0%
Aus shares 38.0%
Property 8.0%
Fixed interest 25.0%
Cash 7.0%

Fees & Charges

Membership Fee $60
Asset Admin Fee 0.55%
Investment Fee 0.50%
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 488,125
Total Assets $7,882,317,042
Year Started 2007
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by BT Super for Life - Retirement Account

One of the main features of BT Super for Life is that you can see and manage your superannuation every time you log in to internet banking. You won't have to wait for a statement to arrive to see how your superannuation is tracking.
You can change your arrangements whenever you like by simply logging into your account on internet banking. Other transactions can be performed online such as withdrawals, switching, updating beneficiary details, obtaining standard insurance, and updating personal details. Nearly all communications and correspondence are online, including annual statements.
Easy online application process that takes just 10 minutes.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -1.21%
High Growth -5.23%
Conservative Balanced 0.36%
Capital Stable 1.59%
  • 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

BT Super for Life is an online, low-cost product that was established in October 2007. Designed as an easy-to-access fund, BT Super for Life offers unique benefits to members.

Members are provided with a choice of 6 investment options. The default, actively-managed 'Lifestage' options are based on the decade the member was born in, with growth assets automatically declining with age. The Moderate Growth option has outperformed the SuperRatings Index over the last three financial year periods.

The fee structure of BT Super for Life is straightforward with fees lower than the industry average. No fees are charged for establishing or terminating an account, investment switches, lump-sum withdrawals or regular pension payments.

BT Super for Life provides good flexibility to members. 4 pension payments are made available and members can choose the date of their payments, which is a feature most funds do not provide. Pension payments are made directly to the member's nominated bank account and are drawn proportionately across the member's account; however members can nominate where lump sum withdrawals are taken from.

Access to the BT Benefits Now program is offered to all members of BT Super for Life together with financial planning services. Members can carry out all account-related transactions online.

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