Club Super - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$91|
|Administration Fee (%)||0.30%|
|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
|Target Market||Qld Club Industry|
|Offered to Public?||No|
Fund Highlights - provided by Club Super - MySuper
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
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. The Club MySuper option has underperformed the SuperRatings Index over the short and long term. 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.
A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided to eligible members upon joining the fund. 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. Furthermore, the fund's Member Online allows members to view and updated account details.