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What the Researchers Say:

A 'best value for money' superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • Infinity Recognised
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $518 $706 -$188
250k $2,278 $3,047 -$769
500k $4,478 $5,779 -$1,301

Investment Allocation

Intl shares 27.0%
Aus shares 25.0%
Property 10.0%
Alternative 23.0%
Fixed interest 6.0%
Cash 9.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.29%
Investment Fee 0.59%
Switching Fee $0
Exit Fee $0
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 78,372
Total Assets $5,322,417,259
Year Started 2000
Target Market
Offered to Public?
Fund Type Government-Allocated Pension

Fund Highlights - provided by Retirement Benefits Fund - Account Based Pension

Free face to face interviews.
Free over the counter member support.
Competitive full and limited financial planning fees and services.
Single fee cost for services.
Annual member expo.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.99%
3.99%
10.72%
14.00%
19.00%
1.21%
Fund
Benchmark
Diversified Fixed Interest 6.03%
5.02%
6.03%
5.02%
6.23%
4.29%
7.93%
6.40%
7.68%
4.74%
12.68%
9.58%
Fund
Benchmark
Growth 4.05%
2.80%
4.05%
2.80%
11.17%
11.50%
16.08%
15.91%
23.29%
19.45%
-0.89%
-1.21%
Fund
Benchmark
Australian Shares -0.60%
2.22%
-0.60%
2.22%
6.61%
6.75%
20.08%
18.31%
28.18%
23.30%
-4.94%
-6.67%
Fund
Benchmark
Overseas Shares 0.96%
-2.72%
0.96%
-2.72%
20.12%
20.36%
19.69%
19.88%
30.31%
29.76%
-1.57%
-3.07%
Fund
Benchmark
Capital Stable 4.51%
3.64%
4.51%
3.64%
7.22%
6.35%
8.84%
8.17%
11.80%
9.14%
6.24%
4.79%
Fund
Benchmark
Property 14.47%
13.83%
14.47%
13.83%
12.07%
10.92%
7.14%
10.68%
Fund
Benchmark
Cash 2.61%
2.25%
2.61%
2.25%
2.93%
2.61%
3.78%
2.78%
5.08%
3.48%
4.81%
4.76%
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

The Retirement Benefits Fund (RBF) Account Based Pension was established in 2000 and provides a flexible income stream for employees of the Tasmanian public sector and their spouses. The fund has consistently improved its offering to provide the best value for money to its members. This has resulted in the fund securing the SuperRatings Platinum rating for 2016.

Members have access to a solid investment menu consisting of Multi and Asset Specific options, including a Socially Responsible Investment option for the ethical investor.

The rated Balanced option's performance was well positioned against the SuperRatings Index in 2015, and long term returns remain strong. A similar trend is evident across other core options.

The fee structure is competitive across all member account balances assessed and the asset based administration fee is capped at $1,500 per annum, while no transaction fees are charged.

No minimum initial investment is required to commence a pension account and members can choose from 5 payment frequencies. Additionally, death benefit options include non-binding nominations and a reversionary pension for dependants.

RBF offers a transition to retirement pension, as well as financial planning assistance through RBF TAS Planning. The fund's website incorporates an enhanced navigation facility, secure online access to personal account details and additional educational material including calculators on retirement and budget planning.


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