What the Researchers Say:

A "reasonable value for money" superannuation 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.

  • MySuper Silver
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $174 $154 $20
50k $570 $612 -$42
100k $1,010 $1,127 -$117

Investment Allocation

Intl shares 24.5%
Aus shares 29.5%
Property 17.0%
Alternative 10.0%
Fixed interest 15.0%
Cash 4.0%

Fees & Charges

Administration Fee ($) $130
Administration Fee (%) 0.00%
Investment Fee 0.88%
Switching Fee $35
Exit Fee $70
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 35,253
Total Assets $585,643,329
Year Started 2013
Target Market Australia Wide
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by Nationwide Superannuation Fund - Employer Sponsored Division MySuper

NSF Super has a highly competitive and easy to understand fee structure
NSF Super offers you a choice of investment strategies, without confusing you with too many choices
Access to a team of real people (not machines) who are specially trained and educated in super

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.25%
  • 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 30/06/2016, 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

The Nationwide Super Fund was established in 1987 as a regional superannuation scheme for members based in Newcastle, NSW, although its membership is now open to all members.

The fund is MySuper authorised, and from September 2013, the existing Diversified option is the default MySuper offering for members who don't make an investment choice. Choice members have access to the full investment menu consisting of four Multi Sector options, including a Socially Responsible Investment option, and a Cash option. The MySuper Diversified option outperformed the SuperRatings Index in 2016; however, underperformance over the longer term remains evident.

NSF Super's fees are higher than the industry average for small account balances, but lower than the average for medium and large account balances assessed. Switching fees do apply, however members are entitled to one free investment switch each year.

Members automatically receive standard Death and Death/TPD, or limited cover if they are not working 30 hours or more per week. The fund also offers unlimited Death cover and up to $5 million TPD cover. Voluntary Income Protection (up to a maximum of $30,000 per month) provides 85% salary coverage over 2 years or to age 65, with a choice of 3 waiting periods. A rehabilitation expense benefit of up to 6 times the amount of monthly Income Protection cover is also available (subject to conditions).

The fund website is simple and well designed, with segmented areas providing easy access to tools and relevant information. Members and employers are offered a secure online facility which allows various online transactions.