REI 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 ($)||$86|
|Administration Fee (%)||0.28%|
|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||Real Estate Industry|
|Offered to Public?||No|
Fund Highlights - provided by REI Super - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||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 30/06/2015, 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.
Percentage of Growth Assets
What the researchers say
REI Super was established in 1975 to provide superannuation benefits to employees and members of the Real Estate Institute of Australia (REIA), before formally separating from the REIA in the 1990s.
Being REI's basic super offering, members are placed by default in the MySuper authorised Trustee Super Balanced option, which is a rebadged version of the default choice option. The investment allocation of the Trustee Super Balanced option is shown in the chart below. Choice members have access to a further 4 investment options with the Super Elite product providing further choice if desired. The Trustee Super Balanced option has been higher than the SuperRatings Index over the short and long term.
The fee structure of REI Super is very competitive when compared to the industry average across all account balances assessed. No fees are charged for establishing an account or switching investments however fees do apply for lump-sum withdrawals.
REI offers members a full suite of insurance with competitive premiums. Four units of default Death and TPD cover is provided to members when joining the fund and IP insurance covers up to 85% of salary with a benefit period of up to 2 years if members elect this type of cover.
REI Super offers members access to financial planning services through Mercer Wealth Solutions and discounted banking products through ME.