max Super Fund - MySuperInformation shown is for the balanced option.
What the Researchers Say:
An Other rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$0|
|Administration Fee (%)||1.13%|
|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-MySuper|
Fund Highlights - provided by max Super Fund - 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
max Super was established in 2005 in order to provide a superannuation product that is simple and easy to understand. The employer-sponsored division was established in 2007.
Members have access to a straightforward investment menu of 5 Diversified and 6 Single Sector options managed by BlackRock Asset Management. The default Balanced option has outperformed the SuperRatings Index in the shorter term.
The fee structure of max Super is straightforward with members charged a 1% administration fee regardless of investment selection. No fees are charged for switching investments, establishing or terminating an account, and no exit fee applies.
A full suite of insurance is provided. Income Protection insurance covers up to 75% of salary with a 90 day waiting period and 2 year benefit payment period. Members are required to work a minimum of 15 hours per week to be eligible for Income Protection insurance.
max Super offers a range of member education materials available on the fund's website. Members are also able to access their account details and perform transactions online.