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What the Researchers Say:

A 'best value for money' superannuation 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 savings goals.

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

  • Platinum
  • 5 Year Platinum Performance
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $470 $700 -$230
250k $2,300 $3,016 -$716
500k $3,900 $5,720 -$1,820

Investment Allocation

Intl shares 19.0%
Aus shares 23.0%
Property 12.0%
Fixed interest 20.0%
Cash 2.0%
Other 24.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.35%
Investment Fee 0.59%
Switching Fee $20
Exit Fee $0
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 188,103
Total Assets $16,133,002,616
Year Started 2005
Target Market
Offered to Public?
Fund Type Government-Allocated Pension

Fund Highlights - provided by Super SA Income Stream

Low administration fee capped at $700 pa.
No fees for lump-sum withdrawals.
Access to limited advice and full financial planning.
Extensive free member seminar program.
Wide choice of payment frequency options.
Spouse account option.
Low minimum withdrawal amount of $1,000.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.43%
9.45%
13.25%
14.28%
3.05%
10.67%
Fund
Benchmark
Conservative Balanced 2.33%
1.92%
8.14%
8.25%
11.45%
11.01%
11.81%
12.60%
4.31%
3.18%
9.58%
9.13%
Fund
Benchmark
Secure 2.06%
1.92%
5.33%
8.25%
7.14%
11.01%
5.24%
12.60%
8.66%
3.18%
7.25%
9.13%
Fund
Benchmark
Growth 2.37%
1.40%
11.31%
11.50%
16.05%
15.91%
19.43%
19.45%
-0.25%
-1.21%
12.27%
11.20%
Fund
Benchmark
Capital Stable 2.06%
2.20%
6.88%
6.35%
9.47%
8.17%
9.31%
9.14%
6.60%
4.79%
8.64%
7.97%
Fund
Benchmark
Cash 1.88%
1.89%
2.69%
2.61%
2.86%
2.78%
3.44%
3.48%
4.80%
4.76%
5.07%
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

The Super SA Income Stream was established in 2005 to provide an income stream at retirement for employees working in the SA public sector and their spouse. A Transition to Retirement Income Stream is also available for those looking to supplement their income as they move into retirement. Membership requires an initial investment of $30,000 however members can open a second pension account with $10,000.

The multi-manager investment menu offers a choice of six Multi Sector options, a Cash option and a Socially Responsible option for the ethical investor. Investment returns for the default Balanced option underperformed the SuperRatings Index in 2015 while long term performance is above the industry average. Income Stream members benefit from a low fee structure that is competitive across all account balances assessed.

Fees are competitive and lower than industry average across all account balances assessed. Members are also entitled to one free investment switch per year.

Although members have the flexibility of five payment frequencies, death benefit options are limited to a reversionary pension.

Super SA provides strong communication, advice and education. Members have access to a full financial planning service via Industry Funds Financial Planning on a fee-for-service basis, while the fund's website includes a knowledge centre where members can access fact sheets, calculators, podcasts and news updates. Member seminars are also available free of charge.


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