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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.

  • MySuper Gold
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $147 $152 -$5
50k $646 $614 $32
100k $1,201 $1,133 $68

Investment Allocation

Intl shares 28.0%
Aus shares 27.0%
Property 10.0%
Alternative 20.0%
Fixed interest 12.0%
Cash 3.0%

Fees & Charges

Administration Fee ($) $91
Administration Fee (%) 0.30%
Investment Fee 0.81%
Switching Fee $0
Exit Fee $55
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 28,303
Total Assets $475,195,309
Year Started 2013
Target Market Qld Club Industry
Offered to Public? No
Fund Type Industry-MySuper

Fund Highlights - provided by Club Super - MySuper

Focused on the Queensland Club industry, with representatives from peak club organisations on the Trustee Board.
Income protection of 100% of salary plus SG contributions.
Financial planning advice subsidised by the Fund.
Client Services Managers dedicated to the club industry.
Flexible insurance options.
Field staff available to provide member education sessions.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.42%
1.43%
9.12%
9.60%
13.17%
12.66%
16.60%
14.73%
-0.64%
0.45%
8.10%
8.71%
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

Club Super was established in 1989 and is an industry fund designed specifically for employees of sporting and recreational clubs and associated industries.

The Fund's MySuper offering comprises a single diversified investment option, Club MySuper, a rebadged version of their preceding default option, the Balanced option. The Club MySuper option underperformed the SuperRatings Index over the 12 months to 30 June 2015, while it outperformed over 3 and 5 years.

Club Super's choice members have access to both Diversified and Single Sector options.

Fees are higher than the industry average across medium and large account balances assessed. No fees are charged for switching investments; however, an exit fee applies when deducting a lump sum payment.

Club Super provides members with access to a full suite of insurance cover. Club Super offers Income Protection benefit of 102% of a member's salary including 12% SG contributions for the first 26 weeks of claim, while the benefit amount will taper over the benefit period to 2 years. The fund's default waiting period is 21 days, while 30, 60 and 90 day waiting periods are also available.

Club Super offers YourSuperFuture, a free online super advice tool enabling members to obtain single issue financial advice, with financial planning services also available to members with payments based on a fee-for-service model. The fund's Member Online allows members to view and update account details.