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What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Platinum
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $136 $157 -$21
50k $550 $634 -$84
100k $1,010 $1,169 -$159

Investment Allocation

Intl shares 25.0%
Aus shares 28.0%
Property 5.0%
Alternative 19.0%
Fixed interest 18.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $90
Administration Fee (%) 0.37%
Investment Fee 0.55%
Switching Fee $0
Exit Fee $75
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 151,925
Total Assets $17,290,425,026
Year Started 2013
Target Market All Industries
Offered to Public? No
Fund Type Master Trust-MySuper

Fund Highlights - provided by Plum Superannuation Fund - MySuper

Tailored member seminars and education services provided by dedicated Education Strategists, onsite at the workplace.
Access to market leading online tools, calculators and newsletters.
Online account access to monitor super balance, make contributions and manage investment strategy.
Quarterly 'Plum News Update' e-newsletter.
Six-monthly member benefit statements.
Financial planning advice services: no cost general and limited personal advice over the phone and fee-for-service financial advice.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.72%
3.68%
9.35%
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 30/06/2015, 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.

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

Plum Superannuation Fund provides integrated and innovative super solutions for current and former employees of some of Australia's largest organisations and their eligible spouses.

The Fund's MySuper offering comprises a single diversified investment option, Plum MySuper. While limited performance history is available for Plum MySuper, the fund has a track record of strong investment returns.

Plum's choice members also have access to Pre-Mixed, Sector Specific and Diversified investment options, allowing for customisation of investment strategies.

Fees are transparently disclosed and relatively competitive, with fees lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost; however, an exit fee applies.

Plum provides members with a full suite of insurance including Death Only and Total & Permanent Disablement (TPD) cover. Income Protection (IP) cover is available up to a maximum of 75 per cent of salary payable, with benefit payment periods of 2 years, 5 years and to age 65 and a choice of waiting periods. Every employer plan is rated differently and therefore premium rates provided here are indicative only.

Additional benefits available include access to free scaled advice, full financial planning services, high quality educational programs, interactive tools and calculators, as well as the ability to view account details and perform transactions online.


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