Advertisement
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.

  • Gold
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $503 $707 -$204
250k $2,203 $3,049 -$846
500k $4,328 $5,783 -$1,455

Investment Allocation

Intl shares 23.0%
Aus shares 28.0%
Property 15.0%
Alternative 7.0%
Fixed interest 19.0%
Cash 8.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.65%
Investment Fee 0.20%
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

Total Assets $5,773,860,295
Year Started 2013
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Suncorp Everyday Super - Pension

Suncorp Everyday Super pension is a new, straightforward, low cost superannuation account that speaks your language. Incorporating a transition to retirement or pension account, it's visible alongside your banking accounts and helps provide a clear path by tailoring your investment strategy to your lifestage. You can also choose your own investment mix from a selection of six single sector investment options including term deposits. You'll also have access to online and phone advice as well as regular communications with tools and tips to help manage your savings.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Australian Shares 3.20%
5.54%
4.66%
6.75%
17.00%
18.31%
Fund
Benchmark
Overseas Shares 9.10%
0.46%
24.21%
20.36%
17.49%
19.88%
Fund
Benchmark
Capital Stable 4.18%
3.63%
6.18%
6.35%
6.23%
8.17%
Fund
Benchmark
Property 18.12%
11.94%
17.69%
10.92%
9.84%
10.68%
Fund
Benchmark
Cash 1.51%
2.08%
1.97%
2.61%
2.27%
2.78%
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

Suncorp is one of Australia's largest bank and general insurance groups, with over $95 billion in assets. Suncorp Everyday Super is part of the Suncorp Master Trust and is a whole of life offer comprising Business Super, Personal Super, Transition to Retirement and Account Based Pension.

The Fund offers Suncorp Lifestage Funds which are tailored to suit the investment needs and risk profile of investors within specified age groups. Members are also able to build their own investment portfolio from six single sector investment options, including Everyday Super Term Deposits. No performance data is currently available for this product.

Fees are competitive and lower than the industry average across all account balances. There are no exit or investment switching fees.

Suncorp Everyday Super offers reasonable flexibility, including 4 pension payment frequencies and an ability to nominate which options pension payments are to be drawn from. Beneficiary options are comprehensive, including binding, non-lapsing and non-binding death benefit nomination.

A range of member services are available, including online access and transaction functionalities, online tools and calculators, as well as fact sheets and newsletters. Members also have access to DIY advice tools and phone based general advice at no cost, while financial planners are available for more complex advice on a fee for service basis.


Other Funds Promoted