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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 February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $114 $155 -$41
50k $600 $629 -$29
100k $1,140 $1,160 -$20

Investment Allocation

Intl shares 25.0%
Aus shares 26.0%
Property 8.0%
Alternative 11.0%
Fixed interest 22.0%
Cash 6.0%
Other 2.0%

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 179,570
Total Assets $6,227,000,000
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.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -1.80%
-1.60%
6.22%
9.60%
Fund
Benchmark
Conservative Balance -0.70%
-0.71%
4.59%
7.28%
Fund
Benchmark
Growth -2.55%
-2.51%
7.54%
10.71%
Fund
Benchmark
Capital Stable 0.73%
0.46%
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 30/06/2015, 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

BT Lifetime Super Employer Plan was launched in 1990 by BT Financial Group, which is part of Westpac. Membership is open to employees in all industries.

BT Lifetime Employer Plan offers members a MySuper authorised, age-based default Lifestage investment strategy. Members are placed in one of six 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 choice options is also offered.

Fees for the BT Lifetime Employer Plan are lower than the indsutry average across all account balances assessed, and significant discounts are provided for employer plans with more than $5 million invested.

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 30, 60 or 90 day waiting periods and 2 year, 5 year or to age 65 benefit periods. Employers are able to negotiate up to $300,000 of automatic Death or Death & TPD cover for the employees upon joining.

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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