BT Super for Life - Retirement AccountInformation shown is for the rated option.
What the Researchers Say:
A "good value for money" 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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.55%|
|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||Master Trust-Allocated Pension|
Fund Highlights - provided by BT Super for Life - Retirement Account
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
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. The fund continues to demonstrate a strong commitment to environmental and social principles and is Infinity recognised.
The fund offers a 7 stage actively-managed 'Lifestage' investment option which is based off the decade the member was born. This feature automatically reduces the members growth assets with age. Members who wish to choose their investment can also select from Growth, Moderate, Conservative and Cash. The Moderate Fund option has returned similar results as the SuperRatings Index over the longer term.
The fee structure of BT Super for Life is straight forward 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. 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.
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.