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What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

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

  • Silver
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $526 $705 -$179
250k $2,422 $3,036 -$614
500k $4,792 $5,756 -$964

Investment Allocation

Intl shares 27.0%
Aus shares 23.0%
Property 4.0%
Alternative 38.0%
Fixed interest 5.0%
Cash 3.0%

Fees & Charges

Membership Fee $52
Asset Admin Fee 0.36%
Investment Fee 0.59%
Switching Fee $0
Exit Fee $67
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 9,264
Total Assets $783,285,076
Year Started 2001
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Combined Super - Allocated Pension

Strong emphasis on personal service - no call centre.
Free member seminars.
Can have different investment mixes for account balance and contributions.
High quality, educational newsletters.
Targeted correspondence to members.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.83%
2.70%
9.15%
12.95%
16.80%
1.17%
Fund
Benchmark
Growth 3.63%
3.46%
3.86%
2.80%
9.20%
11.50%
11.98%
15.91%
18.12%
19.45%
-0.27%
-1.21%
Fund
Benchmark
Australian Shares 6.41%
6.22%
4.27%
2.22%
5.14%
6.75%
17.81%
18.31%
26.25%
23.30%
-7.23%
-6.67%
Fund
Benchmark
Overseas Shares 3.43%
3.02%
-0.64%
-2.72%
18.26%
20.36%
18.77%
19.88%
31.75%
29.76%
-1.60%
-3.07%
Fund
Benchmark
Capital Stable 1.68%
1.54%
2.59%
3.64%
5.89%
6.35%
7.37%
8.17%
7.71%
9.14%
4.23%
4.79%
Fund
Benchmark
Property 1.75%
3.12%
14.09%
13.83%
12.51%
10.92%
10.97%
10.68%
11.69%
12.91%
10.59%
7.92%
Fund
Benchmark
Cash 0.22%
0.18%
2.39%
2.25%
3.04%
2.61%
3.68%
2.78%
4.67%
3.48%
5.07%
4.76%
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

Combined Super Pension was established in 2001 and is the pension division of Combined Super, a provider of superannuation and pension products to the private education sector, charities, non-profit groups and associations.

A simple investment menu of 4 Diversified and 4 Single Sector options is offered to members, including a SRI Balanced option. The Fund's Balanced option has underperformed the SuperRatings Index over the short and long term.

Fees are lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost; however, an exit fee applies when making lump sum withdrawals.

Combined Super's members have a choice of 2 pension payment frequencies and can nominate the investment option(s) from which pension payments are to be taken. Members can commence drawdown of their pension on approach to retirement, via the Transition to Retirement Pension and have a choice of nominated lump-sum and reversionary death benefit payments.

A number of additional features are available to members including a free limited advice service, financial planning, regular newsletters and online calculators. Member Access allows members to view and update account details online, as well as, switch investment options.