BUSSQ QueenslandInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.00%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?||Yes|
Fund Highlights - provided by BUSSQ Queensland
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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.
Percentage of Growth Assets
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.