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What the Researchers Say:

A "best value for money" fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 7 Year Platinum Performance
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $360 $700 -$340
250k $1,800 $3,016 -$1,216
500k $3,600 $5,720 -$2,120

Investment Allocation

Intl shares 17.0%
Aus shares 29.0%
Property 12.0%
Alternative 16.0%
Fixed interest 13.0%
Cash 4.0%
Other 9.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.00%
Investment Fee 0.72%
Switching Fee $0
Exit Fee $30
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 85,484
Total Assets $3,543,781,434
Year Started 2002
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by BUSSQ Pension Choice

Exceptional client service provided to members.
Members have access to financial advice about their super at no extra cost.
Strong investment track record.
Low fees.
Dedicated Pension Hotline 1800 PENSION (1800 736 746).
A choice of 11 investment options available, each with a distinctly different investment objective and strategy.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 5.14%
10.65%
14.52%
18.74%
2.21%
10.56%
Fund
Benchmark
Diversified Fixed Interest 2.21%
3.10%
3.65%
4.29%
5.33%
6.40%
3.91%
4.74%
9.37%
9.58%
7.84%
6.56%
Fund
Benchmark
Growth 4.93%
1.40%
11.38%
11.50%
16.39%
15.91%
22.41%
19.45%
0.01%
-1.21%
13.29%
11.20%
Fund
Benchmark
Australian Shares 6.22%
1.67%
6.76%
6.75%
19.69%
18.31%
25.02%
23.30%
-6.69%
-6.67%
16.73%
12.47%
Fund
Benchmark
Overseas Shares 0.43%
-3.54%
20.95%
20.36%
20.25%
19.88%
31.67%
29.76%
5.69%
-3.07%
6.11%
7.44%
Fund
Benchmark
Capital Stable 4.37%
2.20%
7.15%
6.35%
9.24%
8.17%
10.90%
9.14%
4.87%
4.79%
8.68%
7.97%
Fund
Benchmark
Cash 1.89%
1.89%
2.61%
2.61%
2.81%
2.78%
3.88%
3.48%
5.41%
4.76%
5.95%
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 Pension Choice division of BUSSQ opened in 2000 to provide a retirement income product for members. As BUSSQ achieved public-offer status in 2006, membership is now open to all Australian residents. A minimum initial investment of $10,000 is required to join this product.

The investment menu offers members access to 11 investment options consisting of 3 Diversified and 8 Single Sector options. Performance of the default Balanced Growth option has outperformed the SuperRatings Index over the longer term, whilst returns across the fund's other options are generally good.

The fee structure is straightforward and competitive. No fees are charged for establishing an account, switching investments or regular pension payments; however fees do apply for lump-sum withdrawals.

The BUSSQ Allocated Pension provides good levels of flexibility for members. They are able to select from 4 pension payment periods and are able to nominate a drawdown strategy if they don't want their payments to be drawn proportionately from their account. All pension payments are made directly to the member's nominated bank account, and members are able to make lump sum withdrawals of up to $10,000 online.

Financial advice is offered at no cost to members. A range of educational materials, including calculators and fact sheets are available to members online.


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