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What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.

  • Silver
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $562 $707 -$145
250k $2,122 $3,049 -$927
500k $4,072 $5,783 -$1,711

Investment Allocation

Intl shares 25.0%
Aus shares 35.0%
Property 5.0%
Fixed interest 30.0%
Other 5.0%

Fees & Charges

Membership Fee $172
Asset Admin Fee 0.20%
Investment Fee 0.58%
Switching Fee $35
Exit Fee $150
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 3,684
Total Assets $432,840,016
Year Started 2007
Target Market
Offered to Public?
Fund Type Corporate-Allocated Pension

Fund Highlights - provided by Water Corporation Super - Pension

No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.27%
9.69%
15.20%
21.59%
0.06%
8.90%
Fund
Benchmark
High Growth 3.82%
3.50%
11.98%
13.21%
20.10%
17.79%
28.16%
22.59%
-4.56%
-3.09%
12.10%
11.80%
Fund
Benchmark
Capital Stable 3.17%
3.63%
6.53%
6.35%
9.20%
8.17%
10.56%
9.14%
5.54%
4.79%
7.30%
7.97%
Fund
Benchmark
Cash 2.22%
2.08%
2.53%
2.61%
2.60%
2.78%
3.36%
3.48%
4.79%
4.76%
4.70%
5.05%
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

Water Corporation Super opened in 1997 as a corporate superannuation fund designed for current and former employees of the Water Corporation. The fund's Allocated Pension provides an income stream to those members at or nearing retirement, with a minimum balance of $50,000 is required to join this product.

Water Corporation Super offers members a simple investment menu, which comprises of two Diversified options, a Share and a Cash option. The fund's Growth option has underperformed the SuperRatings Index in the shorter term.

Ongoing fees associated with this product are competitive across all account balances assessed. However, a switching fee is charged after the fourth switch, along with an exit fee per withdrawal.

The Water Corporation Super Pension product has basic features with quarterly and annual pension payment frequencies available. Members also have the ability to access a transition to retirement pension.

Online access is provided to members, where a host of newsletters, information and member educational material is available.


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