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What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.
You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $38 $156 -$118
50k $375 $627 -$252
100k $750 $1,155 -$405

Investment Allocation

Intl shares 30.0%
Aus shares 35.0%
Property 5.0%
Fixed interest 10.0%
Cash 20.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.50%
Investment Fee 0.25%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
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 50,842
Total Assets $2,002,432,093
Year Started 2012
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by ING DIRECT Living Super

The first Balanced option available to all Australians with no administration, contribution, or management fees.
No fees on super Cash and Term Deposits held with ING DIRECT.
Access real time share trading so you can manage your investments, trade direct shares and listed securities on the ASX, but with less cost and hassle.
Competitive insurance cover, directly from your super.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.03%
2.65%
2.66%
2.81%
9.51%
9.60%
12.76%
12.66%
Fund
Benchmark
High Growth 4.00%
3.67%
0.81%
0.68%
11.90%
11.66%
17.43%
15.76%
Fund
Benchmark
Conservative Balance 2.27%
2.01%
1.77%
2.82%
7.25%
7.28%
10.18%
9.64%
Fund
Benchmark
Diversified Fixed Interest 0.63%
0.65%
5.77%
4.43%
4.50%
3.93%
4.62%
5.52%
Fund
Benchmark
Australian Shares 5.37%
5.68%
2.02%
1.50%
7.07%
5.70%
16.55%
16.77%
Fund
Benchmark
Overseas Shares 1.73%
2.74%
0.42%
-2.30%
22.62%
19.16%
17.50%
17.63%
Fund
Benchmark
Property 4.68%
2.21%
20.64%
12.55%
17.69%
10.78%
9.30%
9.09%
Fund
Benchmark
Cash 0.14%
0.16%
2.33%
1.90%
2.71%
2.25%
2.83%
2.42%
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

Winner of the 2014 Fast Mover award, ING DIRECT's Living Super is an online, low-cost accumulation product that can be tailored to suit the needs of members.

The fund offers a comprehensive investment menu with 3 Diversified and 7 Single Sector index tracking options, managed by State Street Global Advisers. Cash and Term Deposits managed by ING DIRECT are also provided at no cost. Although no actively managed investments are offered, members looking for a greater degree of control can access direct equities for an additional fee. The Growth option has underperformed the SuperRatings Index in the shorter term.

ING DIRECT's Living Super Balanced option offers members zero ongoing administration or management fees. Fees across the fund's other options, including our rated Growth option, are also competitive, with the 0.50% administration fee capped at $1,000 and a flat 0.25% IMF applying. No fees are charged for investment switches, but buy/sell spreads do apply.

Default insurance cover is available to members, in addition to access to a full range of Death, TPD and IP cover online at reasonable premiums by answering two questions. No limit applies to Death cover, whilst IP covers a maximum of 85% of salary up to $30,000 per month, and is available for a two year benefit period or to age 67, with 30, 60 or 90 day waiting periods.

Other benefits include access to financial advice offered through Money Solutions on a fee for service basis, online retirement calculators and separate account access to both banking and superannuation transactions.


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