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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
  • 5 Year Platinum Performance
  • Infinity Recognised
Awards
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $514 $708 -$194
250k $2,154 $3,049 -$895
500k $4,204 $5,778 -$1,574

Investment Allocation

Intl shares 19.0%
Aus shares 29.0%
Property 13.0%
Alternative 19.0%
Fixed interest 12.0%
Cash 3.0%
Other 5.0%

Fees & Charges

Membership Fee $104
Asset Admin Fee 0.19%
Investment Fee 0.63%
Switching Fee $0
Exit Fee $35
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 723,405
Total Assets $32,550,800,000
Year Started 2007
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Cbus Super Income Stream

The major Industry Super fund for people currently employed in or retired from the building and construction industry.
Established over 30 years ago, run to benefit members.
Offer advice services from single issue to referral for full financial plans.
Flexible payments frequency, as well as a transition to retirement facility.

Fund Rating Snapshot

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

Rating Categories Clockwise from top

Performance
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.
Goverance
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 3.23%
11.19%
15.42%
17.97%
1.82%
9.52%
Fund
Benchmark
High Growth 1.58%
-2.60%
12.73%
13.21%
18.80%
17.79%
21.91%
22.59%
-1.33%
-3.09%
10.34%
11.80%
Fund
Benchmark
Conservative Balanced 3.59%
0.81%
8.79%
8.25%
Fund
Benchmark
Capital Stable 3.40%
1.50%
6.71%
6.35%
8.94%
8.17%
10.02%
9.14%
5.78%
4.79%
7.09%
7.97%
Fund
Benchmark
Cash 1.69%
1.66%
2.61%
2.61%
2.78%
2.78%
3.26%
3.48%
4.56%
4.76%
4.91%
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 Cbus Super Income Stream was established in 2007 and is the pension division of Cbus Super, a public offer super fund with origins in the construction, building and allied industries.

Members have access to an investment menu of 3 Diversified options, a Cash option, S&P ASX300 Shares, Term deposits, Property and Infrastructure via Cbus Self Managed. The default Conservative Growth option aims to deliver an after tax return of inflation plus 3.25% a year over rolling 10 years. The Growth option has outperformed the SuperRatings Index over the short and long term.

The fee structure for the fund is competitive across all account balances assessed. No transaction fees are charged for standard switching investments, establishing or terminating an account, although an exit fee applies to both full and partial withdrawals.

The Cbus Income Stream offers a range of features and provides good flexibility in terms of payment options and choice of frequency. Members have the convenience of being able to nominate pension payments to automatically increase by CPI or a specified percentage annually. Additionally, members have the choice between binding lump-sum, non-binding or reversionary death benefit payments.

Members are entitled to a free initial consultation with a financial planner, discounted health insurance and banking products as well as online access, regular newsletters and education materials through the fund.


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