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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
  • 10 Year Platinum Performance
Awards
Fund data valid as of March 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $522 $683 -$161
250k $2,402 $2,914 -$512
500k $4,752 $5,526 -$774

Investment Allocation

Intl shares 30.0%
Aus shares 26.0%
Alternative 24.0%
Fixed interest 10.0%
Cash 10.0%

Fees & Charges

Membership Fee $52
Asset Admin Fee 0.40%
Investment Fee 0.54%
Switching Fee $25
Exit Fee $36
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 766,869
Total Assets $59,196,952,200
Year Started 2006
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by First State Super Retirement Income Stream

Excellent value for money
Sound historical investment performance
Run only to profit members
iPhone application
Fee for service financial planning available specifically tailored to First State Super members
Regular, targeted communication from fund via newsletters, seminars and online learning

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 10.68%
1.88%
10.80%
14.74%
17.95%
0.36%
Fund
Benchmark
High Growth 12.84%
12.14%
1.06%
0.82%
12.89%
13.21%
17.32%
17.79%
22.42%
22.59%
-1.97%
-3.09%
Fund
Benchmark
Conservative Balanced 7.88%
6.65%
3.46%
3.46%
8.55%
8.25%
11.93%
11.01%
13.59%
12.60%
2.37%
3.18%
Fund
Benchmark
Diversified Fixed Interest -0.71%
1.17%
7.04%
5.02%
5.69%
4.29%
6.79%
6.40%
4.08%
4.74%
12.47%
9.58%
Fund
Benchmark
Australian Shares 16.52%
14.98%
2.69%
2.22%
6.75%
6.75%
18.10%
18.31%
22.37%
23.30%
-6.88%
-6.67%
Fund
Benchmark
Overseas Shares 11.09%
12.63%
-1.47%
-2.72%
20.37%
20.36%
20.73%
19.88%
29.71%
29.76%
-1.45%
-3.07%
Fund
Benchmark
Capital Stable 4.66%
4.43%
3.89%
3.64%
6.42%
6.35%
8.19%
8.17%
8.60%
9.14%
4.03%
4.79%
Fund
Benchmark
Property 2.03%
4.84%
15.67%
13.83%
12.70%
10.92%
9.22%
10.68%
13.67%
12.91%
8.49%
7.92%
Fund
Benchmark
Cash 1.57%
1.47%
2.32%
2.25%
2.86%
2.61%
2.88%
2.78%
3.43%
3.48%
4.66%
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 30/06/2016, 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

First State Super is an industry fund that has been providing superannuation services to NSW public sector employees since 1992. Retirement Income Stream commenced in 2006 and has secured the SuperRatings Platinum rating for the 10th consecutive year.

Members have access to 12 Single sector and Diversified investment strategies, including 2 Socially Responsible options. The Growth option (known as the Diversified option prior to 15 August 2016) has outperformed the SuperRatings Index over the long term.

Fees for the Growth option are lower than the industry average across all assessed account balances. However, switching fees apply for changing investment options. An exit fee is also charged for full withdrawals or rollovers.

The product delivers a reasonable level of features and flexibility to pension members, with the ability to commence a Transition to Retirement Pension (subject to a minimum initial investment of $20,000). Members are provided with a choice of 5 payment frequencies, ranging from fortnightly to annually, and are able to nominate a specific drawdown order for pension payments. A good selection of death benefit options, including non-lapsing binding nominations and reversionary pensions, is also available. Furthermore, partial or full withdrawals can be made at any time.

First State Super operates several member centres around Australia, allowing members to engage with the fund in their local area. With increased scale following the acquisition of StatePlus, the fund continues to expand its advice capabilities and enhance retirement outcomes for its members.