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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 July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $518 $674 -$156
250k $2,278 $2,880 -$602
500k $4,478 $5,462 -$984

Investment Allocation

Intl shares 25.0%
Aus shares 24.0%
Property 10.0%
Alternative 24.0%
Fixed interest 6.0%
Cash 11.0%

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 81,749
Total Assets $5,481,152,569
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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.99%
10.72%
14.00%
19.00%
Fund
Benchmark
Diversified Fixed Interest 6.03%
5.02%
6.23%
4.29%
7.93%
6.40%
7.68%
4.74%
Fund
Benchmark
Growth 4.05%
2.80%
11.17%
11.50%
16.08%
15.91%
23.29%
19.45%
Fund
Benchmark
Australian Shares -0.60%
2.22%
6.61%
6.75%
20.08%
18.31%
28.18%
23.30%
Fund
Benchmark
Overseas Shares 0.96%
-2.72%
20.12%
20.36%
19.69%
19.88%
30.31%
29.76%
Fund
Benchmark
Capital Stable 4.51%
3.64%
7.22%
6.35%
8.84%
8.17%
11.80%
9.14%
Fund
Benchmark
Property 14.47%
13.83%
12.07%
10.92%
7.14%
10.68%
Fund
Benchmark
Cash 2.61%
2.25%
2.93%
2.61%
3.78%
2.78%
5.08%
3.48%
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 Retirement Benefits Scheme (RBF) was established in 1904 and is a Government fund providing superannuation services for employees of the Tasmanian public sector and their spouses. RBF's Account Based Pension has achieved a Platinum rating for the past 4 consecutive years. The fund is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.

RBF offers a range of 10 investment options to choose from, providing members with access to 5 Diversified and 5 Asset Class options, including a Socially Responsible Investment option for the ethical investor. The RBF Balanced option has outperformed the SuperRatings Index over the short and long term.

Fees are competitive and lower than the industry average across all member account balances assessed and the asset based administration fee is capped at $1,500 pa. Members are able to switch investment options and make withdrawals at no cost.

RBF provides good flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.

A range of online tools, calculators and educational resources are available through the fund's website. The fund's Member Online further allows members to view and update account details and perform transactions.