BT SuperWrap - Allocated Pension PlanInformation shown is for the rated option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.87%|
|Account Size Discount||Yes|
|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||Master Trust-Allocated Pension|
Fund Highlights - provided by BT SuperWrap - Allocated Pension Plan
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
Established in 1999, BT SuperWrap was the first pension wrap platform offered in Australia. The fund is designed for investors with at least $50,000 to invest and members who want more control and flexibility in their investment selection.
BT SuperWrap offers members a single point of access to a very extensive investment menu. Members are able to select from over 580 managed options and have access to Direct Equities and Term Deposits. Historical performance has been below the SuperRatings Index for the representative Balanced option over the shorter and longer term, however the extensive investment menu means returns vary depending on the option and manager selected.
Fees are higher than average across all account balances assessed. Members are able to link accounts with family members, taking advantage of additional discounts. No fees are charged for withdrawals, however fees do apply for all investment switches.
Members are able to select from 4 pension payment frequencies with payments made directly to the member's bank account. All pension payments are made from the member's Cash Account and can be increased automatically in line with CPI annually.
Members are required to have a financial adviser in order to access BT SuperWrap. The website provides extensive reporting and transaction capabilities, as well as a range of education materials.