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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 May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $114 $157 -$43
50k $600 $634 -$34
100k $1,140 $1,169 -$29

Investment Allocation

Intl shares 25.0%
Aus shares 25.0%
Property 8.0%
Alternative 11.0%
Fixed interest 23.0%
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.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.91%
3.68%
6.22%
9.60%
Fund
Benchmark
Conservative Balance 2.73%
3.36%
4.59%
7.28%
Fund
Benchmark
Growth 3.07%
3.64%
7.54%
10.71%
Fund
Benchmark
Capital Stable 2.95%
3.24%
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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