Maritime Super - MySuperInformation shown is for the conservative balance 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 ($)||$78|
|Administration Fee (%)||0.34%|
|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||Maritime Industry|
|Offered to Public?||Yes|
Fund Highlights - provided by Maritime Super - MySuper
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
Maritime Super was formed on 1 March 2009 as a result of the merger between the Seafarers' Retirement Fund (SRF) and Stevedoring Employees Retirement Fund (SERF). Maritime Super is MySuper authorised and offers numerous divisions to members.
A new Moderate investment option was launched as being the default MySuper option which is a 50/50 split between growth and defensive assets. The fund's default Balanced option has outperformed the SuperRatings Index in the short term. The investment allocation of the Moderate option is shown in the chart below. Choice members have access to a further 5 investment options, consisting of 3 Diversified options and 2 Cash options along with a twelve month Fixed Term Deposit.
Maritime Super has a straightforward fee structure. Fees are lower than the industry average across all account balances assessed. No fees are charged for establishing or terminating an account, switching investments or withdrawals.
A full suite of Death, TPD and Income Protection (IP) insurance is available to all members. Basic Death and TPD cover may be paid for by the member's employer, and members can apply for additional voluntary cover. IP cover with a 2 year payment period may also be provided as a default, and in some cases may be paid for by the member's employer. Additional voluntary IP covers up to 75% of salary, and can be accessed with a 30 or 90 day waiting period.
Members also have access to financial planning services through IFFP and discounted banking products through ME Bank.