NSF Super - Pension DivisionInformation shown is for the rated option.
What the Researchers Say:
A "reasonable value for money" superannuation fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
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||0.00%|
|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||Industry-Allocated Pension|
Fund Highlights - provided by NSF Super - Pension Division
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 Nationwide Super Fund was established in 1987 as a regional superannuation scheme for members based in Newcastle, NSW, although its membership is now open to all members.
The investment menu consists of four Multi Sector options, including a Socially Responsible Investment option, and a Cash option. Members have the option of implementing a 'Cash top-up' facility, which automatically switches two years' worth of the members' nominated pension amount into the Cash option from which payments are made. The default Diversified option outperformed the SuperRatings Index in 2016, but underperformance over the longer term remains evident.
NSF Super's fees are lower than the industry average across all account balances assessed. Switching fees do apply, however members are entitled to one free investment switch each year.
Members can choose between 5 payment frequencies, with the added flexibility of choosing from a number of set dates. Estate planning options also include reversionary pensions, binding nominations and non-binding nominations.
The fund website is simple and well designed, with segmented areas providing easy access to tools and relevant information. Members and employers are offered a secure online facility which allows various online transactions.