Child Care Super - MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "reasonable value for money" 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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$95|
|Administration Fee (%)||0.15%|
|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||Child Care|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by Child Care 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
The Child Care Super Fund (CCSF) was established in 1997 to provide superannuation services to workers in the child care industry and is part of the Guild Retirement Fund. On 30 June 2010 the Fund's trustee, Guild Trustee Services Pty Limited, transferred the accrued benefits and entitlements of all existing members of the Australian Child Care Super Fund into the Child Care Super sub-plan of the Fund. Child Care Super is MySuper authorised.
The MySuper option is made up of three age-based investment options consisting of Building, Growing and Consolidating, which reduce growth assets as members get older. While limited performance history is currently available, the Growing Lifestage option has underperformed the SuperRatings Index over the 12 months to 30 June 2016. Child Care Super also offers 4 Diversified and 4 Single Sector options for choice members who prefer to choose their own investment mix.
Fees are competitive across all account balances assessed. The fee structure consists of member fees, asset based administration charges and investment fees. An exit fee of $60 and Buy/sell spreads also form part of the fee structure.
A full suite of insurance is available and members are automatically provided with Default Cover of Death and TPD, as well as Income Protection (IP) with a 5-year benefit period and a 90-day waiting period. Members may apply for additional Death only, Death and TPD, and IP (Standard or Long-Term IP) cover if required. IP insurance covers up to 85% of salary with a choice of 3 waiting periods and 2 benefit payment periods. The default IP benefit period of 5 years prevents the premiums from being displayed overleaf
Child Care Super provides members with access to financial planning services, EFTPOS solutions, super and pension planning calculators, and bi-annual account statements.