ANZ Smart Choice Super - 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 ($)||$50|
|Administration Fee (%)||0.04%|
|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||All Industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by ANZ Smart Choice Super - 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
ANZ Smart Choice is part of the OnePath MasterFund and is an easy, low-cost product that was established in December 2011.
The fund's MySuper offering, Life Stage Investment options, automatically adjust the investment mix with a higher allocation to less volatile investments as members approach retirement. While limited performance history is available to this product, the 1960's option outperformed the SuperRatings Index in 2016.
Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost.
A full suite of insurance cover is offered, with Lifestage Death Cover automatically provided to eligible members upon joining the fund, with the option to also add Lifestage TPD Cover. Income Protection is available to a maximum of 75% of salary, with a choice of benefit payment periods of two years or to age 65 and a 30, 60 or 90 day waiting period.
A key feature of the product is the ability to track and manage the super account online via the Grow by ANZ app, alongside online banking, share investing and insurance. Financial planning services are also available, whilst all customer communications, including annual statements are delivered to the member's online account.