NESS Super - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$73|
|Administration Fee (%)||0.13%|
|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||Electrical & comms industries|
|Offered to Public?||Yes|
Fund Highlights - provided by NESS 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
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 has underperformed the SuperRating Index over the short and long term.
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.