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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 July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $686 $705 -$19
250k $2,806 $3,036 -$230
500k $5,456 $5,756 -$300

Investment Allocation

Intl shares 26.0%
Aus shares 21.0%
Property 12.0%
Alternative 30.0%
Fixed interest 6.0%
Cash 5.0%

Fees & Charges

Membership Fee $156
Asset Admin Fee 0.20%
Investment Fee 0.86%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
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 247,728
Total Assets $11,164,345,030
Year Started 2007
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by CareSuper Pension

13 easy to understand investment options including the Direct Investment option
Consistent and strong historical investment returns
Access to discounted banking and healthcare products
Extensive services provided to members including online education and free financial and retirement seminars
Run only to profit members
Transparent and simple fee structure
Limited financial advice at no extra cost
Minimum initial investment of $10,000

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.60%
4.89%
11.64%
14.03%
18.19%
2.77%
Fund
Benchmark
Conservative Balanced 2.02%
2.30%
3.76%
3.46%
8.85%
8.25%
10.92%
11.01%
14.97%
12.60%
4.48%
3.18%
Fund
Benchmark
Secure 0.25%
2.30%
2.66%
3.46%
3.22%
8.25%
3.24%
11.01%
4.15%
12.60%
5.07%
3.18%
Fund
Benchmark
Diversified Fixed Interest 0.63%
0.85%
4.68%
5.02%
5.44%
4.29%
5.84%
6.40%
6.93%
4.74%
12.74%
9.58%
Fund
Benchmark
Growth 3.15%
3.46%
3.88%
2.80%
12.84%
11.50%
16.77%
15.91%
22.18%
19.45%
0.22%
-1.21%
Fund
Benchmark
Australian Shares 6.59%
6.22%
1.27%
2.22%
8.18%
6.75%
19.39%
18.31%
23.10%
23.30%
-4.69%
-6.67%
Fund
Benchmark
Overseas Shares 3.06%
3.02%
-0.45%
-2.72%
21.85%
20.36%
19.88%
19.88%
35.04%
29.76%
-1.66%
-3.07%
Fund
Benchmark
Capital Stable 1.55%
1.54%
4.08%
3.64%
7.55%
6.35%
8.95%
8.17%
11.74%
9.14%
5.76%
4.79%
Fund
Benchmark
Property 1.01%
3.12%
14.86%
13.83%
10.92%
10.92%
9.62%
10.68%
7.02%
12.91%
8.37%
7.92%
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

CareSuper is a public offer industry super fund that was established in 1986 to cater to the professional, managerial and administrative industries. CareSuper Pension opened in 2007.

Members have access to 12 Diversified and Single Sector investment options, which includes a Sustainable option. Furthermore, members can also access Term Deposits, ETFs, ASX300 Shares and a selection of LICs via the Direct Investment option (Use of the Direct Investment option entails additional costs). The Balanced Pension option has exhibited excellent long-term performance, providing members with top-quartile returns.

Fees for the Balanced option are rated as average across all assessed account balances, although we note the transparency of their fee disclosures. No Switching or Exit fees are charged, and the Asset Administration fee is capped at $1,000 p.a.

CareSuper Pension members have the flexibility of receiving their pension payments in a variety of frequencies ranging from twice monthly to annually. Also, Lump-sum withdrawals can be made at any time and members, where eligible, can access CareSuper Transition to Retirement Pension.

Additional benefits such as discounted banking products, health insurance, online tax returns, access to financial planners and SMSF wind-up services are also available to CareSuper members.