What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Platinum
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $107 $154 -$47
50k $363 $612 -$249
100k $648 $1,127 -$479

Investment Allocation

Intl shares 31.0%
Aus shares 24.0%
Property 9.0%
Alternative 14.0%
Fixed interest 7.0%
Cash 5.0%
Other 10.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.00%
Investment Fee 0.57%
Switching Fee $0
Exit Fee $35
Account Size Discount No
Employer Size Discount No

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 2,240,937
Total Assets $119,000,000,000
Year Started 2006
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by AustralianSuper - MySuper

Strong investment returns and low fees
Diversified, actively managed MySuper investment option
Aged-based automatic Death/TPD & Income Protection cover
Free workplace, retirement and education seminars
Profits to members not shareholders
Commission free financial advice
Online account access - manage and track your account 24/7

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.03%
  • 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 30/06/2016, 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.

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

Established in 2006, AustralianSuper is a public offer multi-industry superannuation fund that manages over $110 billion in assets. It offers a low fee structure and continues to deliver excellent returns to over two million members.

AustralianSuper's Balanced option has been granted MySuper authorisation and has delivered consistently strong performance over the short term and long term, providing members with top-quartile returns. Choice members can access an additional 11 Diversified and Single Sector investment strategies, with a Socially Aware option available to members who are concerned about environmental, human and labour rights issues. Furthermore, access to Term Deposits, ETFs and ASX300 Shares is provided via the Member Direct option (Use of the Member Direct option entails additional costs).

Fees for the MySuper option are lower than the industry average across all assessed account balances. No switching fee is charged, however exit fees apply.

AustralianSuper's insurance offering includes Death only, Death/TPD and Income Protection (IP) cover. Members are provided with up to $600,000 of Death and/or TPD cover without any health checks, and up to $1 million worth of cover with a few health questions. IP covers up to 85% of a member's salary over a 2 year benefit period or to age 65, with a choice of 30 day or 60 day waiting periods.

AustralianSuper members have access to a variety of additional services including discounted banking products, non-super investments, financial planning, health insurance and mental health support services through the dedicated SuperFriend website.