Media Super MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$65|
|Administration Fee (%)||0.10%|
|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
|Offered to Public?||Yes|
Fund Highlights - provided by Media 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
Media Super is a public offer industry fund, established in 2008 from the merger of Print Super and JUST SUPER. Since then, Media Super has been dedicated to serving members in the print, media, entertainment, arts and creative industries.
Media Super's MySuper offering is a re-badged version of its Balanced investment option and it has under-performed the SuperRatings Index over the five years to 30 June 2015. Choice members have access to a variety of Diversified and Single Sector investment strategies, which includes a Sustainable Future Shares option and a SmartPath Lifecycle option. Access to Term Deposits, ASX300 Shares and ETFs is provided via the Direct Investment option (Use of the Direct Investment option entails additional costs).
Fees for the MySuper option are rated as excellent across all assessed account balances. The low Asset Administration fee is competitive relative to industry peers. However, transaction fees apply for withdrawals, switches and contribution splitting.
Eligible members automatically receive Standard Default cover for Death, TPD and Income Protection. Employer-Selected Default cover for Death only and Death & TPD is also available. Members can also apply for up to $5 million of Death and $2 million of TPD. IP covers 87% of salary (including SG contributions) up to $30,000 per month. A benefit payment period of 5 years or up to age 65 is available, with a choice of 30, 60 or 90 day waiting periods.
Media Super's interactive website features a wide range of resources for members. The Media Centre covers a large array of subjects including education on fundamental superannuation topics, fund bulletins, investment updates and community news.