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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.

  • MySuper Gold
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $110 $157 -$47
50k $560 $634 -$74
100k $1,060 $1,169 -$109

Investment Allocation

Intl shares 24.0%
Aus shares 36.0%
Property 10.0%
Alternative 15.0%
Fixed interest 13.0%
Cash 2.0%

Fees & Charges

Administration Fee ($) $60
Administration Fee (%) 0.23%
Investment Fee 0.77%
Switching Fee $0
Exit Fee $0
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

Total Assets $1,891,993,450
Year Started 2013
Target Market Aviation Industry
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by AvSuper - MySuper

Automatic Insurance cover for Death and Total & Permanent Disablement, with Income Protection also available.
Access to commission-free financial planning advice.
Regular newsletters and seminars offered to members.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Growth 8.50%
3.64%
12.90%
10.71%
18.40%
14.01%
-1.30%
17.11%
11.10%
-0.95%
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

AvSuper was established in 1990 to provide superannuation benefits to current and former employees of Air Services Australia and the Civil Aviation Safety Authority. The Fund opened membership to the general public in 2005.

The Fund's MySuper offering comprises a single diversified investment option, Growth (MySuper), a rebadged version of their preceding default option, the Growth option. The Growth (MySuper) option underperformed the SuperRatings Index over the 5 years to 30 June 2015.

AvSuper's choice members have access to both Diversified and Single Sector options.

Fees are lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost.

AvSuper provides members with a full suite of insurance and automatic cover is available for members joining the Fund through an employer. Members may apply for unlimited Death cover and a maximum of $3 million of TPD cover. Income Protection (IP) is available up to 85% of salary and with a choice of 30, 90, or 180 day waiting periods and benefit payment periods of 2 years or to age 60.

AvSuper provides members with access to free personalised financial advice. Additional benefits include free seminars, online educational materials and calculators, as well as online account access.