BT SuperWrap - Personal Super PlanInformation 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 ($)||$95|
|Administration Fee (%)||0.90%|
|Account Size Discount||Yes|
|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-Personal|
Fund Highlights - provided by BT SuperWrap - Personal Super Plan
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 1999, BT SuperWrap was the first superannuation wrap platform offered in Australia. This product is designed for investors with at least $50,000 to invest, who want more control, flexibility and choice in their investment selection.
BT SuperWrap offers members a single point of access to a very extensive investment menu. Members are able to select from over 700 Managed Options and have access to Direct Equities and Term Deposits. Historical performance has been below the SuperRatings Index for the representative Balanced option over the longer term, however the extensive investment menu means returns vary depending on the option and manager selected.
Fees are above the market average across all account balances assessed. Members are able to link accounts with family members, taking advantage of additional discounts. No exit fees apply, however fees do apply for all investment switches.
A full suite of insurance is offered to members through the BT Life Protection Plan. Premiums and flexibility are competitive. Income Protection (IP) insurance covers up to 75% of salary, with a choice of waiting and benefit payment periods. Members are also able to increase their cover without medical evidence at the time of certain life events.
Members are required to have a financial adviser in order to access BT SuperWrap.