RetireSelect SuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$0|
|Administration Fee (%)||0.72%|
|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||All Industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-Personal|
Fund Highlights - provided by RetireSelect Super
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||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 30/06/2015, 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.
Percentage of Growth Assets
What the researchers say
RetireSelect Super was established in November 2013 and issued by MAP Funds Management Ltd, which joined OneVue in February 2014. OneVue is a finalist of the 2016 Rising Star Award, in recognition of its consistent improvements to its product offerings which have significantly enhanced value for its members. RetireSelect Super is a public offer fund and open to the general public.
The RetireSelect Super investment menu consists of five Diversified and Single-Sector strategies, as well as a range of Select investment options. These provide access to ASX300 Shares, ETFs, Listed Investment Companies (LICs), Term Deposits, SMA model portfolios, managed funds and a Cash Clearing Account. The Balanced option under-performed the SuperRatings Index in 2015. Long-term returns are not currently available.
Fees for this product are lower than the industry average across all account balances assessed. Transaction fees apply for switches and withdrawals.
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, which is age-based and gradually reduces until the cover terminates at age 70. Members can also apply for an unlimited amount of Death only cover, and up to $3 million worth of Death & TPD cover. Income Protection (IP) is optional with 2 year and to age 65 benefit periods available.
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.