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What the Researchers Say:

A "good value for money" 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
  • Rising Star Finalist
  • Infinity Recognised
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $513 $697 -$184
250k $2,253 $3,005 -$752
500k $4,428 $5,703 -$1,275

Investment Allocation

Intl shares 25.0%
Aus shares 31.0%
Property 10.0%
Alternative 17.0%
Fixed interest 11.0%
Cash 6.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.15%
Investment Fee 0.72%
Switching Fee $20
Exit Fee $35
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 142,570
Total Assets $6,764,678,186
Year Started 1999
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by StatewideSuper Pension Plan

10 investment options including diversified and single sector options.
Low fees.
Members have access to free financial planning.
Flexible investment switching arrangements available.
Member seminars.
Real people to answer any member's questions.
Secure 24/7 website access via Statewide.On.Line.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.86%
5.83%
12.11%
Fund
Benchmark
High Growth 5.01%
5.13%
5.52%
0.82%
15.16%
13.21%
18.25%
17.79%
14.78%
22.59%
1.22%
-3.09%
Fund
Benchmark
Conservative Balanced 3.12%
2.53%
5.72%
3.46%
9.35%
8.25%
Fund
Benchmark
Diversified Fixed Interest -0.67%
-0.29%
5.69%
5.02%
6.36%
4.29%
6.89%
6.40%
7.78%
4.74%
13.87%
9.58%
Fund
Benchmark
Growth 4.30%
4.39%
5.59%
2.80%
12.64%
11.50%
16.68%
15.91%
Fund
Benchmark
Australian Shares 6.71%
6.02%
5.92%
2.22%
7.58%
6.75%
18.77%
18.31%
25.01%
23.30%
-4.14%
-6.67%
Fund
Benchmark
Overseas Shares 6.68%
5.56%
0.26%
-2.72%
24.79%
20.36%
20.35%
19.88%
30.65%
29.76%
-1.84%
-3.07%
Fund
Benchmark
Capital Stable 2.21%
1.57%
5.19%
3.64%
7.16%
6.35%
7.80%
8.17%
Fund
Benchmark
Cash 0.89%
0.83%
2.42%
2.25%
2.87%
2.61%
3.02%
2.78%
3.91%
3.48%
5.17%
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 30/06/2016, 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

StatewideSuper was initially established in 1986 for the benefit of South Australian workers; however, it is now open to the public. StatewideSuper is Infinity Recognised, which is a result of its strong commitment to environmental and social principles. The StatewideSuper Pension Plan commenced in 1999.

StatewideSuper offers a range of 10 investment options to choose from, providing members with access to 6 Diversified and 4 Single Sector options. While limited performance history is currently available, the Growth option has outperformed the SuperRatings Index over the 3 years to 30 June 2016.

Fees are lower than the industry average across all account balances assessed. Members are entitled to one free investment switch per financial year, while an exit fee is charged for full and partial withdrawals.

StatewideSuper provides a good level flexibility with members having a choice of 5 payment frequencies. 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 and preferred beneficiary nominations, as well as reversionary pensions, including child nominations.

A great range of additional benefits are provided to members including discounted financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the StatewideSuper Advantage Program. Statewide.On.Line further allows members to view and update account details.


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