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What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Silver
Awards
Fund data valid as of January 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $114 $156 -$42
50k $600 $614 -$14
100k $1,140 $1,129 $11

Investment Allocation

Intl shares 27.0%
Aus shares 27.0%
Property 10.0%
Alternative 5.0%
Fixed interest 24.0%
Cash 6.0%
Other 1.0%

Fees & Charges

Administration Fee ($) $60
Administration Fee (%) 0.55%
Investment Fee 0.53%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount Yes

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 30,419
Total Assets $1,845,091,231
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by BT Lifetime Super - Employer MySuper

Access to 24 hour internet and telephone transaction services.
No additional charges applied when switching investments or making a withdrawal.
Interactive education online service containing newsletters and videos.
Educational seminars accessible to larger employer plans.
Discounted pricing for large plans.
Flexible insurance arrangements.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.41%
5.43%
1.67%
2.81%
6.22%
9.60%
Fund
Benchmark
Growth 4.95%
6.65%
1.11%
2.10%
7.54%
10.71%
Fund
Benchmark
Capital Stable 0.79%
2.73%
3.16%
3.36%
2.50%
5.66%
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 30/06/2016, 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

BT Lifetime Super Employer Plan was launched in 1990 by BT Financial Group. Membership is open to employees in all industries. The fund offers a range of features, one being their intuitive Wealth Review program, which aims to help members reach their financial and personal goals. The Wealth Review program is a 2017 Best New Innovation of the Year Finalist.

BT Lifetime Employer Plan offers members a MySuper authorised, age-based Lifestage strategy. Members are placed in one of seven actively-managed investment options depending on the decade they were born, with growth assets automatically declining as they get older. The fund's MySuper 1960s Lifestage Fund option has underperformed the SuperRatings Index in the short and long term. A selection of over 40 other options are also available to choice members.

Fees are lower than the industry average across all account balances assessed. Further discounts may apply depending on the members account balance and the size of the employer plan.

BT Lifetime Employer Plan offers members a full suite of insurance. Death cover is unlimited, and Income Protection (IP) insurance covers up to 90% of salary with a choice of various waiting periods and benefit periods. Employers are able to negotiate automatic Death or Death & TPD cover for their employees.

Financial planning services are available for members, and the website caters to employers, advisers and members with a range of educational materials, calculators and reporting capabilities. Members can also access the BT Benefits Now program, which offers a range of discounted services.


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