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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 savings goals.

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

  • Platinum
  • 5 Year Platinum Performance
  • Pension of the Year Finalist
  • Infinity Recognised
Awards
Fund data valid as of May 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $493 $672 -$179
250k $2,153 $2,874 -$721
500k $4,228 $5,441 -$1,213

Investment Allocation

Intl shares 36.5%
Aus shares 15.0%
Property 7.0%
Alternative 15.0%
Fixed interest 14.5%
Cash 1.0%
Other 11.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.28%
Investment Fee 0.55%
Switching Fee $0
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 241,820
Total Assets $18,012,689,000
Year Started 2000
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by VicSuper Flexible Income

Daily unit pricing & investment switching
9 investment options including Term Deposits
Internally administered - better service for our members
Strong and long term commitment to sustainability
Access to super and retirement advice usually at no extra cost

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 12.73%
2.01%
11.98%
17.47%
17.54%
0.00%
Fund
Benchmark
High Growth 18.47%
15.11%
-0.70%
0.82%
13.04%
13.21%
20.35%
17.79%
23.00%
22.59%
-2.61%
-3.09%
Fund
Benchmark
Conservative Balanced 15.76%
8.23%
-1.47%
3.46%
12.28%
8.25%
19.50%
11.01%
24.14%
12.60%
-3.57%
3.18%
Fund
Benchmark
Secure 5.31%
8.23%
5.13%
3.46%
6.05%
8.25%
8.45%
11.01%
6.86%
12.60%
5.99%
3.18%
Fund
Benchmark
Australian Shares 14.33%
13.73%
4.32%
2.22%
6.47%
6.75%
18.17%
18.31%
Fund
Benchmark
Capital Stable 8.31%
5.68%
4.01%
3.64%
8.84%
6.35%
12.06%
8.17%
10.58%
9.14%
4.40%
4.79%
Fund
Benchmark
Cash 1.30%
1.79%
2.27%
2.25%
2.63%
2.61%
2.71%
2.78%
3.33%
3.48%
4.77%
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

VicSuper Flexible Income provides members with a low-cost way to get a regular income from their super savings. In May 2015, the fund introduced the Guaranteed Income for Life and Guaranteed Fixed Term Income, which are designed to offer a guaranteed, regular income while providing additional protection against inflation and longevity risks. In recognition of its innovative approach, VicSuper was nominated as a finalist of the 2016 Best New Product Award. Its competitiveness across our key assessment criteria has also resulted in the fund receiving a 2017 Pension of the Year Award nomination for the 2nd consecutive year, with a 5-year Platinum rating.

Members have access to 8 Diversified and Single Sector investment strategies, as well as Term Deposits. A Socially Conscious Option (known as the Equity Growth Sustainability Option prior to February 20 17) is included, with all its equity component invested in companies rated as sustainability leaders. The performance of VicSuper's Balanced Option has been competitive compared to the SuperRatings Index over the long term.

Fees for the Balanced Option are well below the industry average across all assessed account balances, with the Asset Administration Fee capped on account balances over $507,857. No switching fee or exit fee are charged, and commissions are not paid to financial advisers.

VicSuper Flexible Income provides members with the ability to receive their pension payments in a variety of frequencies, ranging from fortnightly to annually. Members can also increase pension payments by CPI annually.

VicSuper has received a 2017 Infinity Recognised status for the fourth time for upholding corporate governance framework which takes into account economic, social and environmental factors.