Goldman Sachs JBWere - Account Based PensionInformation shown is for the rated option.
What the Researchers Say:
A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.35%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Corporate-Allocated Pension|
Fund Highlights - provided by Goldman Sachs JBWere - Account Based Pension
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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.
Percentage of Growth Assets
What the researchers say
The Account Based Pension division of Goldman Sachs & JBWere Superannuation Fund opened in 2008 to provide a retirement income product for members. A minimum initial investment of $20,000 is required to join this product.
Goldman Sachs & JBWere Superannuation Funds Account Based Pension offering consists of a single, default option, which aims to generate a total net return of at least 4% above inflation over a 10 year rolling period. The Trustee generally manages their investments internally and has no external investment managers appointed, other than underlying wholesale managed funds in certain assets classes. The fund's Balanced option has performed above the SuperRatings Index over the long term.
Fees are rated as average across all account balances assessed. The fee structure is a combination of a flat dollar and percentage based. There are no fees or charges for establishing or terminating the account but fees do apply for partial withdrawals.
Goldman Sachs & JBWere Superannuation Funds Account Based Pension provides average product flexibility for members. Members are able to select from 3 pension payment periods, consisting of monthly, quarterly and annual payment periods. Members can also choose between binding, non-binding, reversionary and non-reversionary death benefit payment options.
The fund seeks to maximise members??? benefits over the long term, and integrates Environmental, Social and Governance (ESG) considerations. Equity investment decisions are based on cautious stock selection by investing in companies with a long term view, with reference to a number of components including ethical, competent and shareholder-oriented management.