What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Platinum
Fund data valid as of June 30, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $122 $152 -$30
50k $518 $598 -$80
100k $958 $1,099 -$141

Investment Allocation

Intl shares 25.0%
Aus shares 27.0%
Property 12.0%
Alternative 16.0%
Fixed interest 10.0%
Cash 2.0%
Other 8.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.00%
Investment Fee 0.88%
Switching Fee $0
Exit Fee $30
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 85,084
Total Assets $4,269,296,660
Year Started 2013
Target Market Building/Construction
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by BUSSQ Queensland

Online services provided for account access, investment information, transaction switching and increasing insurance
All profits returned to members.
Full suite of Death, TPD and Income Protection (IP) on offer as well as access to IP through CIPQ for self-employed persons
Access to advice at no extra cost, either over the phone or in-person.
Free member retirement planning seminars.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 9.76%
  • 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

BUSSQ was established in 1985 to provide superannuation services to employees in the Queensland building and construction industry. The fund opened to all Australian employees after achieving public offer status in 2006.

BUSSQ's MySuper product consists exclusively of the default Balanced Growth option, which aims to exceed the Consumer Price Index by 4% per annum. The default Balanced Growth option has outperformed the SuperRatings Index over the short and long term. For member who wish to make an investment choice have a further 10 investment strategies available in the Premium Choice product.

Fees are average when compared to the industry across all account balances assessed. Ongoing costs are reasonable and members are not charged for switching investment options. Fees will apply for full and partial withdrawals.

Death and Total & Permanent Disablement (TPD) insurance is available to members. BUSSQ offers members Death cover up to $5 million and TPD insurance up to $3 million. Automatic cover is provided dependent on the member's age and occupation. No Income Protection insurance is available with this product.

Limited financial advice is offered at no cost to members. A range of educational materials, including calculators and fact sheets are available to members online.