What the Researchers Say:

An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.

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

  • Other
Fund data valid as of February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $641 $709 -$68
250k $2,456 $3,052 -$596
500k $4,506 $5,781 -$1,275

Investment Allocation

Intl shares 25.0%
Aus shares 27.0%
Property 15.0%
Alternative 12.1%
Fixed interest 14.9%
Cash 6.0%

Fees & Charges

Membership Fee $156
Asset Admin Fee 0.20%
Investment Fee 0.77%
Switching Fee $0
Exit Fee $60
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 31,465
Year Started 2011
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Concept One Pension

The fund provides members with secure online access to their account details.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 10.01%
Growth 10.70%
Capital Stable 6.14%
Cash 2.31%
  • 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

Established in 1986, Concept One is a not-for-profit fund sponsored by IEUWA and the Association of Independent Schools of Western Australia. The fund provides a simple and easy to understand structure, focusing on providing personal service to members.

With a minimum investment of $50,000, the Concept One Account Based Pension launched on the 1st of July 2011. This product caters to retirees looking for an income stream. A transition to retirement pension is also available for those members wanting to supplement their income while working.

Members have a limited choice of 3 Multi-Sector investment options and a Cash option. Returns for the default Balanced option for 2015 are currently unavailable and historically, the option underperformed the industry median.

The fee structure is competitive and lower than the industry average across all account balances assessed. The member fee is fixed at $156 pa and the administration fee is capped at $250 pa. However, the fund charges an establishment fee of $300. Members can make unlimited free switches but withdrawal fees do apply.

Members can choose from 4 payment frequencies and can make lump sum withdrawals at any time. However, flexibility is somewhat limited due to the $10 fee for monthly pension payments. The fund offers non-binding and reversionary death benefit options.

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