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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 advisor or this fund before making an investment decision.

  • Silver
Awards
Fund data valid as of October 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $142 $154 -$12
50k $425 $623 -$198
100k $850 $1,150 -$300

Investment Allocation

Intl shares 22.5%
Aus shares 27.5%
Property 10.0%
Alternative 10.0%
Fixed interest 20.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.60%
Investment Fee 0.25%
Switching Fee $24.95
Exit Fee $77
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 4,814
Total Assets $424,471,557
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by RetireSelect Super

Low fees, simple fee structure
Simple online application form
Simple core investment options, plus Self-Managed Investment Options
Competitive group and retail insurance offers
Easy to use online member portal
Comprehensive financial advice available

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 1.45%
2.31%
1.98%
2.81%
8.61%
9.60%
12.83%
12.66%
Fund
Benchmark
Conservative Balance 1.46%
1.60%
1.55%
2.82%
6.02%
7.28%
10.08%
9.64%
Fund
Benchmark
Growth 1.49%
2.37%
1.30%
2.10%
8.83%
10.71%
15.06%
14.01%
Fund
Benchmark
Capital Stable 1.39%
1.27%
1.77%
3.36%
4.69%
5.66%
7.78%
7.34%
Fund
Benchmark
Cash 0.58%
0.58%
1.89%
1.90%
2.57%
2.25%
2.87%
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

RetireSelect Super was established in November 2013 by MAP Funds Management Ltd. It is a public offer super fund which offers a low cost solution to individuals wanting greater flexibility in investment choices.

The RetireSelect Super investment menu consists of five Diversified and Single-Sector strategies, as well as a range of Select investment options. These provide direct access to ASX300 Shares, ETFs, Listed Investment Companies (LICs), Term Deposits, SMA model portfolios, managed funds and a Cash Clearing Account. The Balanced option has underperformed the SuperRatings Index over the last two years. Long-term returns are not currently available.

Fees for this product are lower than the industry average across all account balances assessed. However, a minimum administration fee of $120 pa applies to account balances under $28,572. Exit fees and switching fees are also charged, with members entitled to 2 free switches each year. Furthermore, an ongoing advice fee may also be applicable and can be negotiated with the financial adviser.

RetireSelect Super offers flexible insurance solutions with a choice of group life cover or retail insurance. Automatic Death and TPD cover is provided to members upon joining the fund. Members can also apply for unlimited Death only cover and up to $3 million of Death & TPD cover. Income Protection (IP) insurance is optional, covering 85% of a member's salary over a 2 year or to age 65 benefit period, with a choice of 30 or 90 day waiting period.

Members have access to a quick and simple application process and can track their account information or vary insurance cover via an easy to use online portal.


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