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Concept One - MySuper

Past 5-year return
8.78%
Admin fee
$91
Calculated Fees on 50k
$761
The fund provides members with secure online access to their account details.
Concept One was established in 1986 to look after the retirement savings of people working in education, white collar and related industries in Western Australia, with membership now open to the general public.The fund is MySuper authorised, with the MySuper Balanced option as the default MySuper offering for members who do not make an investment choice. The default MySuper Balanced option has underperformed the SuperRatings Index over the 5 years to 30 June 2017. Choice members have access to an additional 2 diversified options and a Cash option. Concept One's fees are higher than the industry average across larger account balances assessed; however, the administration fee is capped at $250 pa. Exit withdrawal fees apply while switches are free of charge. Concept One members are automatically provided Default Death and Total and Permanent Disablement (TPD) and Income Protection (IP) insurance cover upon joining. The fund offers up to $3 million in Death only or Death and TPD cover. IP cover provides a benefit of up to 75% of salary, with a benefit payment period of 2 years or to age 65, and a choice of 3 waiting periods. Members are required to work at least 15 hours per week to qualify for IP cover. Insurance cover can be increased with minimum health requirements, or during life events.Concept One offers a range of member communication options including online account access and phone assistance via the Fund Administrator. Members can also access a range of financial advice services through Western Financial.

Fees & fund features

Admin fee
Admin fee
$91
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.75%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$91
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.75%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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