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What the Researchers Say:

A "good value for money" 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
  • Rising Star Finalist
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $720 $706 $14
250k $2,850 $3,047 -$197
500k $5,700 $5,779 -$79

Investment Allocation

Intl shares 18.0%
Aus shares 18.0%
Alternative 16.0%
Fixed interest 28.0%
Cash 2.0%
Other 18.0%

Fees & Charges

Membership Fee $250
Asset Admin Fee 0.00%
Investment Fee 0.94%
Switching Fee $50
Exit Fee $80
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 42,816
Total Assets $2,432,193,000
Year Started 2001
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by WA Super - Retirement Solutions - Income Stream

Our WA based call centre provides a personalised service, offering general advice & factual information to assist clients with any questions they have about their superannuation & insurance cover. Personal advice is available from our team of Financial Planners.
Financial Planner's advice fee can be paid from the client's super account for insurance (inside super) & super advice.
WA Super accepts Kiwisaver applications to enable eligible New Zealanders permanently living in Australia to roll in their Kiwi saver balances to WA Super.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.86%
3.86%
10.62%
12.74%
13.73%
3.19%
Fund
Benchmark
Diversified Fixed Interest 4.45%
5.02%
4.45%
5.02%
4.35%
4.29%
7.05%
6.40%
7.31%
4.74%
13.06%
9.58%
Fund
Benchmark
Growth 3.04%
2.80%
3.04%
2.80%
12.61%
11.50%
14.43%
15.91%
12.07%
19.45%
2.42%
-1.21%
Fund
Benchmark
Australian Shares 4.29%
2.22%
4.29%
2.22%
5.45%
6.75%
14.69%
18.31%
20.27%
23.30%
-7.35%
-6.67%
Fund
Benchmark
Overseas Shares -0.27%
-2.72%
-0.27%
-2.72%
23.37%
20.36%
20.45%
19.88%
28.81%
29.76%
-1.76%
-3.07%
Fund
Benchmark
Capital Stable 4.10%
3.64%
4.10%
3.64%
8.89%
6.35%
11.36%
8.17%
11.37%
9.14%
4.73%
4.79%
Fund
Benchmark
Property 12.30%
13.83%
12.30%
13.83%
10.18%
10.92%
12.67%
10.68%
4.67%
12.91%
2.44%
7.92%
Fund
Benchmark
Cash 2.96%
2.25%
2.96%
2.25%
3.67%
2.61%
3.99%
2.78%
4.79%
3.48%
5.69%
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

WA Super is a Perth based industry fund, initially set up for employees of Local Governments throughout WA, but has since become a Public Offer super fund. A minimum initial investment of $50,000 is required to commence membership in the WA Super Retirement Solutions.

Members are able to select from a range of Diversified and Single Sector options. The Diversified Moderate option outperformed the SuperRatings Index over the 5 years to 30 June 2015.

Fees are higher than the industry average across all account balances assessed, however fee rebates apply to the administration fee, based on account balances of over $500,000. Members are entitled to 2 free switches each financial year, while an exit fee applies for deductions made from the account.

WA Super Retirement Solutions offers members monthly or annual payment frequencies, as well as a choice of binding, non-binding and reversionary death benefit payments.

A range of member services are available, including online access and transaction functionalities, online calculators, as well as fact sheets and newsletters. The Fund also provides access to financial planning services and a range of banking products from ME.