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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.

  • MySuper Silver
Awards
Fund data valid as of February 28, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $124 $156 -$32
50k $695 $611 $84
100k $1,330 $1,123 $207

Investment Allocation

Intl shares 27.0%
Aus shares 30.0%
Property 5.5%
Fixed interest 15.0%
Cash 7.0%
Other 15.5%

Fees & Charges

Administration Fee ($) $60
Administration Fee (%) 0.77%
Investment Fee 0.50%
Switching Fee $0
Exit Fee $51.25
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

Membership 20,299
Total Assets $1,497,830,337
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Perpetual MySuper

Single Diversified Balanced MySuper option
Consistent performance through Perpetual's disciplined and trusted investment process
Default Death and TPD cover, with flexibility to tailor to members' needs, including IP
Online employer portal via SuperChoice

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 5.53%
6.60%
1.95%
2.81%
6.98%
9.60%
Fund
Benchmark
  • 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

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.


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