Advertisement
What the Researchers Say:

A "best value for money" 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 goals.

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

  • Platinum
  • 7 Year Platinum Performance
  • Fund of the Year
  • Pension of the Year Finalist
  • Best New Innovation/Product
Awards
Fund data valid as of February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $385 $709 -$324
250k $1,925 $3,052 -$1,127
500k $3,850 $5,781 -$1,931

Investment Allocation

Intl shares 24.0%
Aus shares 29.0%
Property 7.0%
Alternative 10.0%
Fixed interest 18.0%
Cash 12.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.20%
Investment Fee 0.57%
Switching Fee $0
Exit Fee $0
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 554,579
Total Assets $61,190,923,691
Year Started 1995
Target Market
Offered to Public?
Fund Type Government-Allocated Pension

Fund Highlights - provided by QSuper - Income Account

Reversionary pensions allowed.
No entry, exit or withdrawal fees - and unlimited investment choice switches at no charge.
Access to an award winning member contact centre.
Access to subsidised financial planning.
Access to over 550 free educational seminars.

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 3.06%
12.67%
15.08%
10.97%
7.75%
9.04%
Fund
Benchmark
Diversified Fixed Interest 4.23%
2.08%
4.17%
4.29%
8.55%
6.40%
5.77%
4.74%
9.23%
9.58%
6.38%
6.56%
Fund
Benchmark
Growth -0.72%
-2.62%
14.55%
11.50%
20.12%
15.91%
17.70%
19.45%
3.13%
-1.21%
11.58%
11.20%
Fund
Benchmark
Australian Shares -6.30%
-5.45%
7.47%
6.75%
21.94%
18.31%
23.62%
23.30%
-3.76%
-6.67%
8.27%
12.47%
Fund
Benchmark
Overseas Shares -8.63%
-6.81%
13.68%
20.36%
25.19%
19.88%
25.76%
29.76%
0.21%
-3.07%
19.78%
7.44%
Fund
Benchmark
Capital Stable 2.20%
0.40%
7.51%
6.35%
9.65%
8.17%
8.11%
9.14%
6.23%
4.79%
6.93%
7.97%
Fund
Benchmark
Cash 1.39%
1.47%
2.34%
2.61%
2.43%
2.78%
2.99%
3.48%
4.38%
4.76%
4.77%
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

Winner of the 2016 Fund of the Year award, QSuper is the super fund for current and former Queensland Government and related entity employees, as well as their spouses. The QSuper Income Account opened in 1995, with a minimum initial investment of $30,000 required to commence membership. QSuper Income Account was a finalist for the 2016 Pension of the Year and the Fund also received the 2016 Best New Product award for Money Map.

QSuper has a menu of 8 investment options on offer, as well as, QSuper Self Invest, which provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced option has outperformed the SuperRatings Index over the short and long term.

QSuper's fee structure is highly competitive, with fees lower than the market average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost.

QSuper offers a high level of flexibility, with members having a choice of 5 payment frequencies and payment dates being set by the fund. 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 binding nominations, as well as reversionary pensions, including child nominations.

QSuper has a genuine service focus and very strong education programmes. Other benefits include online access to account details, information and calculators, as well as free seminars and subsidised financial planning services. Furthermore, QSuper's Money Map makes it easy for members to navigate their finances, by bringing everything together into a single online dashboard.


Other Funds Promoted