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.

  • MySuper Other
Fund data valid as of June 30, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $115 $152 -$37
50k $492 $598 -$106
100k $911 $1,099 -$188

Investment Allocation

Intl shares 25.0%
Aus shares 30.0%
Property 10.0%
Alternative 13.0%
Fixed interest 15.0%
Cash 7.0%

Fees & Charges

Administration Fee ($) $73
Administration Fee (%) 0.13%
Investment Fee 0.71%
Switching Fee $0
Exit Fee $66.35
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

Total Assets $620,604,442
Year Started 2013
Target Market Electrical & comms industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by NESS Super - MySuper

No information was provided by the fund to SuperRatings. Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.10%
  • 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

NESS Super was established in 1987 for employees of the electrical contracting, communication and associated industries in NSW.

The Fund's MySuper offering comprises a single diversified investment option, NESS MySuper, a rebadged version of their preceding default option, the Balanced option. The NESS MySuper option outperformed the SuperRating Index over the 5 years to 30 June 2016.

NESS Super's choice members have access to both Diversified and Single Sector options.

NESS Super's fee structure is competitive, with fees lower than the industry average across all assessed account balances. Members can switch between investment options at no cost; however, an exit fee does apply.

NESS Super offers Death, Total and Permanent Disablement (TPD) and Salary Continuance insurance to its members. All new members are automatically allocated 2 units of Death cover and 2 units of TPD cover, as well as 2 units of Temporary Salary Continuance (TSC) cover. Optional Long-term Salary Continuance (SCI) cover is also available.

Online access, newsletters, half-yearly member statements and financial planning services are available through the fund. Members also have access to a range of additional benefits such as competitive banking products from ME Bank and discounted health insurance from NIB.

Employers registered with NESS Super have access to competitive finance through ME Bank for commercial and business loans, leasing and hire purchase.