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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
  • Pension of the Year Finalist
  • Best New Innovation/Product Finalist
  • Infinity Recognised
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $438 $706 -$268
250k $1,878 $3,047 -$1,169
500k $3,678 $5,779 -$2,101

Investment Allocation

Intl shares 28.9%
Aus shares 12.0%
Property 6.5%
Alternative 10.0%
Fixed interest 26.6%
Cash 5.0%
Other 11.0%

Fees & Charges

Membership Fee $78
Asset Admin Fee 0.28%
Investment Fee 0.44%
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 239,504
Total Assets $16,206,489,000
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 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.08%
3.08%
10.66%
15.22%
14.46%
2.32%
Fund
Benchmark
High Growth -1.47%
0.82%
-1.47%
0.82%
12.28%
13.21%
19.50%
17.79%
24.14%
22.59%
-3.57%
-3.09%
Fund
Benchmark
Australian Shares 4.32%
2.22%
4.32%
2.22%
6.47%
6.75%
18.17%
18.31%
Fund
Benchmark
Capital Stable 4.01%
3.64%
4.01%
3.64%
8.84%
6.35%
12.06%
8.17%
10.58%
9.14%
4.40%
4.79%
Fund
Benchmark
Cash 2.27%
2.25%
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 30/06/2015, 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

VicSuper Flexible Income, previously known as Commutable Pension, provides members with a low-cost way to get a regular income from super savings. Recent additions to VicSuper post-retirement income solutions include 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 is 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 2016 Pension of the Year Award nomination.

Members have access to eight investment options and Term Deposits. A portion of the equity component of each option and 100% of the Equity Growth Sustainability Option is invested in companies rated as sustainability leaders. VicSuper's Balanced option has provided members with top-quartile returns over the long term compared to the SuperRatings Index.

Fees associated with this product are rated as excellent across all assessed account balances. The Asset Administration Fee and Member Fee are collectively capped at $125 per month. 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 received an Infinity Recognised Award in 2009, 2014 and 2015 for upholding a corporate governance framework which takes into account economic, social and environmental factors.