Victorian Independent Schools Superannuation Fund - Allocated PensionInformation shown is for the rated option.
What the Researchers Say:
An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.00%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Industry-Allocated Pension|
Fund Highlights - provided by Victorian Independent Schools Superannuation Fund - Allocated Pension
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||Comparison|
- 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.
Percentage of Growth Assets
What the researchers say
The Victorian Independent Schools Superannuation Fund (VISSF) Allocated Pension was established in 2000 and is designed to service the pension needs of teachers and employees working in independent schools in Melbourne.
The fund offers members a simple investment menu of 3 Diversified and 1 Single Sector options. The Balanced investment option outperformed the SuperRatings Index over the 5 years to 30 June 2015.
Fees associated with this product are competitive compared to the industry average across medium and large account balances. Fees are less competitive for those with small account balances, as a relatively high flat dollar member fee is charged. Members are entitled to 2 free switches per year while there are no exit fee applicable.
VISSF Allocated Pension offers members a monthly payment frequency as well as a choice of binding lump-sum and reversionary death benefit payments.
VISSF members can access comprehensive financial services advice including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.