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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.

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

Typical Fees

Balance This Fund Industry Average Difference
5k $133 $157 -$24
50k $628 $634 -$6
100k $1,178 $1,169 $9

Investment Allocation

Intl shares 25.0%
Aus shares 25.0%
Property 8.0%
Alternative 22.0%
Fixed interest 12.0%
Other 8.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.34%
Investment Fee 0.76%
Switching Fee $0
Exit Fee $0
Account Size Discount No
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 28,941
Total Assets $4,695,000,000
Year Started 1973
Target Market Maritime Industry
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by Maritime Super - Seafarers Contributory Accumulation

Access to superannuation and retirement products that can take members through their working life and into retirement.
Access to Spouse and Child accounts, providing access to the benefits offered by the fund.
Affordable, quality advice from affiliated licensed financial planners.
Member services and education program provided via regular newsletters and fund visits to the major Australian ports.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 4.34%
3.68%
7.82%
9.60%
12.66%
12.66%
13.84%
14.73%
0.38%
0.45%
9.61%
8.71%
Fund
Benchmark
Conservative Balance 3.63%
3.36%
6.07%
7.28%
9.85%
9.64%
Fund
Benchmark
Secure 1.87%
3.36%
2.49%
7.28%
2.92%
9.64%
4.30%
11.26%
3.97%
1.87%
5.42%
7.70%
Fund
Benchmark
Growth 5.18%
3.64%
9.28%
10.71%
15.17%
14.01%
16.47%
17.11%
-0.80%
-0.95%
9.97%
9.40%
Fund
Benchmark
Australian Shares 10.41%
4.38%
4.89%
5.70%
Fund
Benchmark
Overseas Shares -0.66%
1.37%
14.72%
19.16%
Fund
Benchmark
Capital Stable 2.97%
3.24%
4.73%
5.66%
8.05%
7.34%
8.73%
8.29%
2.90%
4.06%
7.57%
6.70%
Fund
Benchmark
Cash 1.61%
1.74%
2.06%
2.25%
1.97%
2.42%
2.55%
2.94%
3.60%
4.04%
3.83%
4.33%
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

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). The Seafarers Contributory Accumulation product caters to the needs to those members currently employed in a seafaring occupation.

Members have access to 9 investment options including two with active volatility management and also a twelve month Fixed Term Deposit. The fund's default Balanced option has underperformed the SuperRatings Index over the short and long term.

The Seafarers Contributory Accumulation product has a straightforward fee structure. Fees are rated as average across all account balances assessed. No fees are charged for establishing or terminating an account, switching investments or withdrawals.

A full suite of insurance is available to members, with automatic Death & TPD cover provided based on the member's age. Members can elect to take out up to $2 million of voluntary Death & TPD cover. Income Protection (IP) insurance covers up to 75% of salary, 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.