AvSuper - MySuperInformation shown is for the growth 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 ($)||$60|
|Administration Fee (%)||0.23%|
|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||Aviation Industry|
|Offered to Public?||Yes|
Fund Highlights - provided by AvSuper - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||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 30/06/2015, 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.
Percentage of Growth Assets
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.