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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.

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  • Gold
Awards
Fund data valid as of May 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $105 $152 -$47
50k $510 $601 -$91
100k $960 $1,106 -$146

Investment Allocation

Intl shares 30.0%
Aus shares 35.0%
Property 5.0%
Fixed interest 15.0%
Cash 15.0%

Fees & Charges

Administration Fee ($) $60
Administration Fee (%) 0.64%
Investment Fee 0.26%
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 58,286
Total Assets $2,553,518,629
Year Started 2012
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by ING Living Super

Simple and online super solution. For all stages of life.
A range of investment options available
Competitive investment and administration fees
Access to real-time online share trading
Automatic insurance cover provided for eligible super accounts
Pension and Transition to Retirement account options available for eligible customers to draw regular income

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 10.19%
10.31%
2.66%
2.81%
9.51%
9.60%
12.76%
12.66%
Fund
Benchmark
High Growth 15.44%
14.41%
0.81%
0.68%
11.90%
11.66%
17.43%
15.76%
Fund
Benchmark
Diversified Fixed Interest 0.87%
2.08%
5.77%
4.43%
4.50%
3.93%
4.62%
5.52%
Fund
Benchmark
Australian Shares 12.54%
12.67%
2.02%
1.50%
7.07%
5.70%
16.55%
16.77%
Fund
Benchmark
Overseas Shares 16.38%
17.95%
0.42%
-2.30%
22.62%
19.16%
17.50%
17.63%
Fund
Benchmark
Property 0.35%
6.28%
20.64%
12.55%
17.69%
10.78%
9.30%
9.09%
Fund
Benchmark
Cash 1.48%
1.59%
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 30/06/2016, 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

ING DIRECT's Living Super is an online accumulation product that can be tailored to suit the needs of members and allows access to real-time online share trading.

The fund offers Cash and Term deposits managed by ING DIRECT, three diversified strategies and a range of single sector funds. Members looking for more control can access direct equities for an additional fee from the S&P/ASX 300 index and a range of Exchange Traded Products. The Growth option has performed below the SuperRatings Index over the short term.

From 1 June 2017, ING Direct will introduce a new fee structure. A flat administration fee of $60 p.a. will be charged to all accounts, whilst an Operational Risk Financial Requirement of 0.03% - 0.14% will also apply. Investments from Select, Smart or Shares investment categories will be charged a percentage based fee of 0.50% up to a maximum of $2,500 per annum. An Investment fee and Buy-Sell spread will apply for managed funds held within Smart and Select investment categories.

Members have access to a full range of Death, TPD and Income Protection insurance at reasonable premiums. There is no limit on the amount of Death cover that members can apply for and TPD is available up to $5 million. Income Protection covers a maximum of 85% of salary up to $30,000 per month and is available for a two year benefit period or up to 67 years of age.

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