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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.

  • Gold
  • Infinity Recognised
Awards
Fund data valid as of December 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $585 $696 -$111
250k $2,685 $2,999 -$314
500k $5,310 $5,691 -$381

Investment Allocation

Intl shares 23.0%
Aus shares 36.0%
Property 6.0%
Alternative 13.0%
Fixed interest 18.0%
Cash 4.0%

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 492,846
Total Assets $7,842,830,769
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.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 5.14%
2.05%
10.94%
13.06%
18.00%
0.28%
Fund
Benchmark
High Growth 10.50%
8.62%
-3.48%
0.82%
19.07%
13.21%
19.71%
17.79%
28.94%
22.59%
-1.89%
-3.09%
Fund
Benchmark
Capital Stable 1.02%
2.73%
3.59%
3.64%
2.76%
6.35%
6.03%
8.17%
10.20%
9.14%
3.27%
4.79%
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 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 the 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.