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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.

  • Gold
  • Infinity Recognised
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $114 $156 -$42
50k $600 $627 -$27
100k $1,140 $1,155 -$15

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 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

Membership 492,846
Total Assets $7,842,830,769
Year Started 2007
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by BT Super for Life - Savings

BT Super for Life is a superannuation product that can take you from your first job through to retirement and every stage in between. One of the main features is that you can see and manage your super every time you log in to internet banking. BT Super for Life can be taken from job to job.
Transactions can be performed online such as switching, updating beneficiary details and obtaining standard insurance. All communications and correspondence are online.
There is an easy online application process that takes just 10 minutes with pre-populated forms.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.55%
2.65%
1.67%
2.81%
6.22%
9.60%
10.30%
12.66%
18.65%
14.73%
-1.54%
0.45%
Fund
Benchmark
High Growth 3.67%
3.67%
-3.00%
0.68%
17.46%
11.66%
18.64%
15.76%
26.05%
20.40%
-2.01%
-3.15%
Fund
Benchmark
Conservative Balance 1.63%
2.01%
2.51%
2.82%
4.59%
7.28%
8.03%
9.64%
14.35%
11.26%
0.39%
1.87%
Fund
Benchmark
Growth 3.23%
3.18%
1.11%
2.10%
7.54%
10.71%
12.02%
14.01%
21.58%
17.11%
-2.80%
-0.95%
Fund
Benchmark
Capital Stable 1.53%
1.32%
3.00%
3.36%
4.47%
5.66%
6.24%
7.34%
6.47%
8.29%
4.72%
4.06%
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 Super for Life is an online, lower cost product that was established in October 2007. Designed as an easy-to-access fund, BT Super for Life offers members the ability to view their super account in Westpac's Online Banking. Once again being Infinity Recognised in 2015, this product continues to demonstrate a strong commitment to environmental and social principles.

Along with 4 pre-mixed options, members are provided with a choice of 6 actively-managed 'Lifestage' investment options based on the decade the member was born, with growth assets automatically declining with age. The 1960s Lifestage Fund has underperformed the SuperRatings Index over the shorter and longer term.

The fee structure of BT Super for Life is straightforward, and no fees are charged for establishing or exiting an account, investment switches or withdrawals.

BT Super for Life provides members with access to a full suite of insurance. Basic Death and TPD cover is available to all members, with automatic cover provided dependent on the member's age. Additional insurance is available under the customised insurance offering. Income Protection (IP) insurance covers up to 75% of salary, with a choice of 4 waiting periods and 3 benefit periods. Premiums for IP cover are not shown, as they are individually assessed.

Financial planning services are available and members can carry out all account-related transactions online.


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