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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.

  • Silver
Awards
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,292 $708 $584
250k $5,992 $3,049 $2,943
500k $10,678 $5,778 $4,900

Investment Allocation

Intl shares 22.0%
Aus shares 23.0%
Property 10.0%
Alternative 15.0%
Fixed interest 12.5%
Cash 5.0%
Other 12.5%

Fees & Charges

Membership Fee $117
Asset Admin Fee 1.50%
Investment Fee 0.85%
Switching Fee $0
Exit Fee $51.25
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 23,001
Total Assets $1,449,267,241
Year Started 1989
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Perpetual's Select Pension Plan

13 multi-manager investment options
Specialist investment managers (with access to some not widely available in the market)
Consistent performance through Perpetual's disciplined and trusted investment process
Generous fee discounts for individual balances
Auto rebalance to automatically keep asset allocation in line with nominated investment strategy
Online account access to review and transact
Anti-detriment payments

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 0.16%
8.50%
11.87%
17.54%
0.02%
8.36%
Fund
Benchmark
High Growth -1.02%
-2.60%
10.35%
13.21%
15.81%
17.79%
20.96%
22.59%
-3.70%
-3.09%
8.61%
11.80%
Fund
Benchmark
Conservative Balanced 5.54%
0.81%
10.51%
8.25%
14.33%
11.01%
0.86%
12.60%
Fund
Benchmark
Diversified Fixed Interest 1.15%
2.74%
2.61%
4.29%
3.11%
6.40%
2.24%
4.74%
8.95%
9.58%
4.96%
6.56%
Fund
Benchmark
Growth -0.22%
-0.32%
9.44%
11.50%
13.52%
15.91%
20.25%
19.45%
-1.10%
-1.21%
8.90%
11.20%
Fund
Benchmark
Australian Shares 0.33%
-1.43%
5.45%
6.75%
18.22%
18.31%
20.84%
23.30%
-5.79%
-6.67%
13.59%
12.47%
Fund
Benchmark
Overseas Shares -4.86%
-5.12%
18.87%
20.36%
16.87%
19.88%
27.93%
29.76%
-6.53%
-3.07%
3.18%
7.44%
Fund
Benchmark
Capital Stable 1.04%
1.50%
5.42%
6.35%
7.53%
8.17%
10.58%
9.14%
3.13%
4.79%
7.22%
7.97%
Fund
Benchmark
Property 9.32%
9.75%
13.81%
10.92%
11.81%
10.68%
19.86%
12.91%
4.24%
7.92%
20.00%
11.91%
Fund
Benchmark
Cash 0.52%
1.66%
1.01%
2.61%
1.15%
2.78%
1.75%
3.48%
3.11%
4.76%
3.27%
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

Established in 1989, Perpetual Select Pension Plan is designed to service the retirement needs of individuals.

Members can access 13 Diversified and Single-Sector investment options. The Balanced option has under-performed the SuperRatings Index over the 5 years to 30 June 2015.

Fees for this product are higher than the industry average across all account balances assessed. However, administration fee rebates are applicable for members with account balances greater than $262,100. Further rebates apply for member account balances over $874,100. Also, no switching fees are charged, although changing investment options may incur transaction costs. An exit fee does apply for partial and full withdrawals.

Perpetual Select Pension Plan provides a good level of flexibility. Pension payments can be received monthly, quarterly, half-yearly or annually into a member's chosen bank account. Payments can be drawn down pro-rata across investments or prioritised by a nominated percentage. The Pension Refresh Facility provides an easy way for members to consolidate their existing pension account balance with any additional accrued superannuation benefits. A Transition to Retirement Pension is also available.

With improved navigation and mobile responsiveness, Perpetual's new look website contains a range of publications, including investment market updates, product news, topical research and other educational information.


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