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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, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $825 $707 $118
250k $2,685 $3,049 -$364
500k $5,010 $5,783 -$773

Investment Allocation

Intl shares 23.6%
Aus shares 16.4%
Property 10.0%
Alternative 1.0%
Fixed interest 15.0%
Cash 19.0%
Other 15.0%

Fees & Charges

Membership Fee $360
Asset Admin Fee 0.06%
Investment Fee 0.87%
Switching Fee $20
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 134,739
Total Assets $8,211,546,045
Year Started 2013
Target Market
Offered to Public?
Fund Type Government-Allocated Pension

Fund Highlights - provided by Commonwealth Superannuation Corporation retirement income

A retirement and transition to retirement product specifically for Australian Government employees
Access to fee-for-service financial planning from Industry Fund Services, with no hidden commissions
Free Holistic retirement education, retirement planning Seminars and workshops
Comprehensive online member access and information
Fees are fully transparent and competitive
All APS members can use external monies to establish a CSCri account
Members can add additional money via the 'Restart option'

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.76%
17.87%
14.72%
Fund
Benchmark
Conservative Balanced 2.70%
3.85%
13.60%
8.25%
12.92%
11.01%
Fund
Benchmark
Capital Stable 6.04%
3.63%
7.61%
6.35%
6.82%
8.17%
Fund
Benchmark
Cash 2.01%
2.08%
2.51%
2.61%
2.51%
2.78%
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

Commonwealth Superannuation Corporation retirement income (CSCri) was introduced in April 2013 to provide members of the Public Sector Superannuation accumulation plan (PSSap) with a retirement service. A minimum initial investment of $20,000 is required to commence membership.

A menu of 4 investment options is available including 3 Diversified options and a Cash option. While limited performance history is available for this product, the Balanced option outperformed the SuperRatings Index over the 12 months to 30 June 2015.

Fees are lower than the industry average across medium and large account balances, while less competitive for those with small account balances. Members are entitled to 2 free switches between investment options each financial year, while an exit fee applies for lump sum payments.

CSCri provides reasonable levels of flexibility with a choice of 4 payment frequencies. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions and child nominations. A transition to retirement income stream is also available to members.

CSCri provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.


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