AustralianSuper - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.00%|
|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||All Industries|
|Offered to Public?||Yes|
Fund Highlights - provided by AustralianSuper - 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
Established in 2006, AustralianSuper is a public offer multi-industry superannuation fund that manages over $100 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.