AMIST MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "good value for money" superannuation 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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$88|
|Administration Fee (%)||0.07%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||Meat Industry|
|Offered to Public?||Yes|
Fund Highlights - provided by AMIST 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
Originally established for serving members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is today a public offer industry fund with all profits generated by the fund distributed back to members.
The fund's MySuper product is a re-badged version of its Balanced option, which has outperformed the SuperRatings Index over the long term. Choice members can access 5 additional Diversified and Single-Sector investment options.
Fees for the MySuper option are below the industry average across all assessed account balances. No Switching fee is charged for changing investment options and the Asset Administration fee is capped at 0.1% p.a. However, Exit fees are applicable.
Eligible members under age 70 automatically receive Death only, TPD and Income Protection (IP) insurance. Members can also increase their existing Death & TPD cover upon the occurrence of certain Life Events, with no health questions required. IP cover is available with a benefit period of 2 years and a 30 day waiting period. Members can cover 75% of their salary, or up to a maximum monthly benefit of $50,000.
AMIST MySuper members benefit from discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Link Advice, and request rollovers through the online MemberAccess portal.