Perpetual 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 advisor or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$60|
|Administration Fee (%)||1.18%|
|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 Perpetual 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
Established in 1989, Perpetual Select Super is designed for both employee and personal members. Perpetual MySuper was launched in January 2014 as a simple superannuation product for the fund's default members.
Perpetual MySuper uses a single diversified investment strategy, the Balanced Growth option, which aims to provide members with long-term capital growth and income through an actively managed diversified portfolio. Choice members have access to 13 Diversified and Single-Sector investment options. Perpetual MySuper Balanced Growth option has underperformed the SuperRatings Index over the last two years. Long-term returns are not currently available.
Fees associated with this product are higher than the industry average across medium and large account balances assessed. However, no switching fees are charged, although changing investment options may incur transactional costs. Exit fees apply for partial and full withdrawals.
Perpetual MySuper provides eligible members with default Death & TPD cover, which is age based with the level of cover reducing to nil at age 70. Access to Death only and Income Protection (IP) cover is also available. Members can apply for unlimited Death cover and up to $5 million of Death & TPD cover. IP is offered over a 2 year, 5 year or to age 65 benefit period with a waiting period of 30, 60 or 90 days, covering up to 85% of a member's salary.
Perpetual's website is easy to navigate and mobile responsive, featuring a News and Insights centre, which contains regularly updated investment market updates, product news, topical research and other educational information.