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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.

  • Gold
Awards
Fund data valid as of May 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $765 $672 $93
250k $2,385 $2,874 -$489
500k $4,210 $5,441 -$1,231

Investment Allocation

Intl shares 27.5%
Aus shares 50.0%
Alternative 5.0%
Fixed interest 12.5%
Cash 5.0%

Fees & Charges

Membership Fee $360
Asset Admin Fee 0.23%
Investment Fee 0.58%
Switching Fee $0
Exit Fee $180
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 1,892
Total Assets $420,489,057
Year Started 2008
Target Market
Offered to Public?
Fund Type Corporate-Allocated Pension

Fund Highlights - provided by Goldman Sachs JBWere - Account Based Pension

No information was provided by the fund to SuperRatings.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Growth 10.13%
13.22%
5.74%
2.80%
12.87%
11.50%
18.68%
15.91%
27.35%
19.45%
-1.79%
-1.21%
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

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.