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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
  • Pension of the Year Finalist
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $498 $705 -$207
250k $1,658 $3,036 -$1,378
500k $3,108 $5,756 -$2,648

Investment Allocation

Intl shares 29.0%
Aus shares 23.0%
Property 10.0%
Alternative 24.0%
Fixed interest 10.0%
Cash 4.0%

Fees & Charges

Membership Fee $208
Asset Admin Fee 0.10%
Investment Fee 0.48%
Switching Fee $0
Exit Fee $40
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 1,009,969
Total Assets $35,969,902,752
Year Started 2001
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Sunsuper for Life - Income Account

Sunsuper for Life provides a solution to serve you for the whole of your life.
Today and tomorrow investment strategy and disciplined investment philosophy.
Top-up facility.
Award winning communication.
Team of qualified Member Advice Specialists who can give advice over the phone, at no cost.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.61%
3.48%
11.08%
14.76%
17.00%
0.00%
Fund
Benchmark
High Growth 4.51%
3.73%
-1.02%
0.82%
10.43%
13.21%
19.98%
17.79%
22.90%
22.59%
-5.30%
-3.09%
Fund
Benchmark
Secure 0.28%
2.30%
4.24%
3.46%
5.44%
8.25%
3.29%
11.01%
4.10%
12.60%
5.80%
3.18%
Fund
Benchmark
Diversified Fixed Interest 0.98%
0.85%
4.23%
5.02%
3.50%
4.29%
7.08%
6.40%
7.00%
4.74%
8.00%
9.58%
Fund
Benchmark
Growth 3.03%
3.46%
3.02%
2.80%
11.75%
11.50%
15.60%
15.91%
17.80%
19.45%
-0.60%
-1.21%
Fund
Benchmark
Australian Shares 6.11%
6.22%
2.19%
2.22%
6.99%
6.75%
18.92%
18.31%
22.40%
23.30%
-6.20%
-6.67%
Fund
Benchmark
Overseas Shares 2.56%
3.02%
-3.28%
-2.72%
17.99%
20.36%
18.84%
19.88%
26.30%
29.76%
-5.10%
-3.07%
Fund
Benchmark
Capital Stable 1.53%
1.54%
3.90%
3.64%
7.05%
6.35%
8.74%
8.17%
10.00%
9.14%
4.00%
4.79%
Fund
Benchmark
Property 3.83%
3.12%
11.03%
13.83%
10.14%
10.92%
14.70%
10.68%
13.00%
12.91%
3.10%
7.92%
Fund
Benchmark
Cash 0.20%
0.18%
2.64%
2.25%
2.91%
2.61%
3.32%
2.78%
4.00%
3.48%
5.50%
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 30/06/2015, 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

A 2016 Pension of the Year Finalist, Sunsuper is a Queensland based industry fund servicing employees across all industries. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.

The investment menu is comprehensive, featuring a range of 21 Diversified, Single Sector and externally managed investment strategies. The fund's Balanced option has outperformed the SuperRatings Index over the last four financial years, while historical returns across all other options have also been good.

The Sunsuper for Life Income Account offers a very low fee structure, with fees lower than the industry average across all across most account balances. There are no establishment, termination or investment switching fees, although withdrawal fees do apply.

Pension flexibility is good, with members having the ability to choose between a number of payment frequencies, alter details at any time and set up pension payments to automatically increase by a nominated amount annually.

Members can also choose the 'Today and Tomorrow' strategy at commencement which allocates 2 years of pension payments to the Cash option, with the remaining balance invested in the Retirement option. Benefits include access to financial planning services, online education tools such as The Dream Project, free seminars and discounted banking products through ME.