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.

  • MySuper Gold
Fund data valid as of May 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $77 $152 -$75
50k $320 $601 -$281
100k $590 $1,106 -$516

Investment Allocation

Intl shares 30.5%
Aus shares 24.5%
Property 10.0%
Fixed interest 25.5%
Cash 9.5%

Fees & Charges

Administration Fee ($) $50
Administration Fee (%) 0.04%
Investment Fee 0.50%
Switching Fee $0
Exit Fee $50
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 $34,387,000,000
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by ANZ Smart Choice Super - MySuper

Account balance is visible on ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically for the customers to become more defensive as the customer gets older.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 8.44%
Conservative Balance 5.82%
Growth 10.48%
Capital Stable 3.76%
  • 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

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.