Nationwide Superannuation Fund - Employer Sponsored Division MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$130|
|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||Australia Wide|
|Offered to Public?||Yes|
Fund Highlights - provided by Nationwide Superannuation Fund - Employer Sponsored Division MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||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 30/06/2016, 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.
Percentage of Growth Assets
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.