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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 July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $623 $705 -$82
250k $2,803 $3,036 -$233
500k $5,528 $5,756 -$228

Investment Allocation

Intl shares 27.0%
Aus shares 26.0%
Property 9.0%
Alternative 19.0%
Fixed interest 15.0%
Cash 4.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.35%
Investment Fee 0.74%
Switching Fee $0
Exit Fee $50
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 120,390
Total Assets $4,164,346,956
Year Started 1998
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by TWUSUPER - TransPension

Low product fees.
Retirement 'Health Check' available over the phone.
Integrated financial advice options - single issue over the phone to full planning service.
Regular targeted educational newsletters provided to Pension members.
Customer service team can assist members at work or at home.
Financial planning seminars for members.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.86%
3.45%
10.36%
13.84%
19.31%
0.34%
Fund
Benchmark
High Growth 3.45%
3.73%
3.59%
0.82%
12.27%
13.21%
17.32%
17.79%
25.30%
22.59%
-2.97%
-3.09%
Fund
Benchmark
Secure 0.18%
2.30%
2.17%
3.46%
2.57%
8.25%
2.62%
11.01%
4.24%
12.60%
4.43%
3.18%
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 TWUSUPER TransPension was established in 1998 to provide retirement services to employees in the transport and related industries. Today TWUSUPER is a public-offer fund, with membership open to all Australian residents of retirement age. A minimum initial investment of $10,000 is required to join this product.

Only 3 investment options are available to members, consisting of 2 Diversified and a Cash Plus option. The rated Balanced option has outperformed the SuperRatings Index over the short term.

TWUSUPER's fees are competitive and lower than the industry average across all account balances assessed. No fees are charged for establishing an account or switching investment options, however fees are charged for lump-sum withdrawals.

The TWUSUPER TransPension offers members good flexibility including fortnightly pension payments. Pension payments can be made directly to the member's nominated bank account or by cheque.

TWUSUPER provides members with a good selection of additional benefits, including access to financial planning services through Industry Fund Services (IFS) and discounted banking products through ME.