What the Researchers Say:

A "reasonable value for money" superannuation fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

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

  • MySuper Silver
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $99 $154 -$55
50k $526 $612 -$86
100k $1,000 $1,127 -$127

Investment Allocation

Intl shares 27.0%
Aus shares 23.0%
Property 3.0%
Alternative 39.0%
Fixed interest 5.0%
Cash 3.0%

Fees & Charges

Administration Fee ($) $52
Administration Fee (%) 0.36%
Investment Fee 0.59%
Switching Fee $0
Exit Fee $67
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 9,091
Total Assets $832,579,654
Year Started 2013
Target Market Education related sector
Offered to Public? No
Fund Type Industry-MySuper

Fund Highlights - provided by Combined Super - MySuper

Strong emphasis on personal service - no call centre.
Free member and employer seminars.
Very flexible insurance options.
High quality, educational newsletters.
Free clearing house for employers.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Growth 10.44%
  • 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

Combined Super was established in 1959 as the Combined Schools Superannuation Fund and is a provider of superannuation and pension products to the private education sector, charities, non-profit groups and associations.

The fund's MySuper offering comprises a single diversified investment option, Balanced (MySuper). The Balanced (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 below the industry average across all account balances assessed. Members are able to switch investment options at no cost; however, an exit fee applies when making lump sum withdrawals.

Combined Super provides members with a full suite of insurance including Death Only cover, Total & Permanent Disablement (TPD) cover and Income Protection (IP) cover. IP cover offers up to a maximum of 85% of pre disability salary, with a 90 day waiting period and benefit periods of 2 years or to age 65. Overleaf premiums are to be used as a guide only, as insurance arrangements are unique to each employer.

A number of additional features are available to members including a free limited advice service, financial planning, regular newsletters and online calculators. Member Access allows members to view and update account details online, as well as, switch investment options.