Meat Industry Employees Superannuation Fund - MySuperInformation shown is for the conservative balance 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 ($)||$80|
|Administration Fee (%)||0.00%|
|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||Meat Industry|
|Offered to Public?||No|
Fund Highlights - provided by Meat Industry Employees Superannuation 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
MIESF is an accumulation superannuation fund that was established over 30 years ago to provide superannuation to employees in the meat industry.
The Fund's MySuper offering comprises a single diversified investment option, MIESF MySuper, a rebadged version of their preceding default option, the Trustee option. Past performance of the MIESF MySuper option (where data has been available) has been below average when compared to the SuperRatings Index.
MIESF's choice members also have access to another Diversified investment option.
The fund offers a competitive fee structure, with fees lower than the industry average across all assessed account balances. Members can switch between investment options without incurring a charge; however, an exit fee does apply.
MIESF provides Death and Total and Permanent Disablement (TPD) insurance cover to all eligible members. New members will have their death cover restricted to $100,000 until one year after the Fund receives their first employer contribution. Income Protection (IP) insurance is not available through this fund.
The fund provides occasional newsletters to members and has some education tools available on the website. Overall this is a low cost fund that provides relatively limited additional benefits to members.