Asgard Employee Superannuation Account - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$112|
|Administration Fee (%)||0.60%|
|Account Size Discount||Yes|
|Employer Size Discount||Yes|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All Industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by Asgard Employee Superannuation Account - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||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 30/06/2016, 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.
Percentage of Growth Assets
What the researchers say
Asgard Employee Super was established in 1997 as a corporate offering from Asgard Wealth Management. It is MySuper authorised and membership is open to employer groups, as well as spouses and family members.
Asgard's MySuper Lifestage investment options are actively managed by Advance Asset Management and members are allocated to an option depending on which decade they were born. While limited performance history is available, the MySuper 1960s Lifestage Investment option has underperformed the SuperRatings Index in 2015 & 2016. An extensive investment menu of SMA model portfolios and select manager options is also available to choice members, as well as ASX 300 listed equities and Term Deposits with 4 maturity periods.
Fees for the lifestage options are higher than the industry average across all account balances assessed.
Asgard Employee Super offers members standard Death and Death/TPD insurance with up to $300,000 of automatic cover provided. Members are required to work a minimum of 15 hours per week to be eligible for opt-in Income Protection (IP) cover and have the choice of 3 waiting periods and 2 benefit periods. Employers also have the opportunity to implement a customised insurance benefit design known as Comprehensive Insurance.
Members have access to the Asgard Benefits program, which provides a suite of ancillary benefits. Asgard also provides online access to account details and a wide financial advice network.