MTAA 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 ($)||$83|
|Administration Fee (%)||0.15%|
|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||Motor Trades|
|Offered to Public?||Yes|
Fund Highlights - provided by MTAA 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
MTAA Super was established in 1989 for the retail motor trades and allied industries, with membership now also open to the general public.
The Fund's MySuper offering comprises a single diversified investment option, My AutoSuper, a rebadged version of their preceding default option, the Balanced option. The My AutoSuper option outperformed the SuperRatings Index over the 12 months to 30 June 2015, although it has underperformed over the longer term.
MTAA Super's choice members have access to a variety of Pre-Mixed and Single Sector options.
Fees are competitive and lower than the industry average across all account balances assessed, with a maximum Administration Fee of $533 charged. No fees are charged for switching investments; however, an exit fee applies to full and partial transfers or rollovers.
MTAA Super offers a full suite of insurance cover. New members are automatically provided with default Death and Total & Permanent Disablement (TPD) cover, with level of cover based on age. Members are also able to take out TPD cover separately to Death cover. Income Protection (IP) is offered with up to 85% of pre-disability income and a choice of 30, 60, or 90 day waiting periods apply. Members have a choice between benefit payment periods of two years, five years or until age 65.
Comprehensive member services are offered by MTAA Super, including online access to account information and transactions, online calculators, free member seminars, phone based limited personal advice service and financial planning advice.