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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.

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

Typical Fees

Balance This Fund Industry Average Difference
5k $118 $157 -$39
50k $437 $634 -$197
100k $792 $1,169 -$377

Investment Allocation

Intl shares 27.0%
Aus shares 28.0%
Property 6.0%
Alternative 14.0%
Fixed interest 20.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $82
Administration Fee (%) 0.30%
Investment Fee 0.41%
Switching Fee $0
Exit Fee $79.35
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 79,262
Total Assets $7,709,225,093
Year Started 2009
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Russell iQ Super

Significant member education functions and online learning centre.
Extensive investment menu.
Free employer seminars.
Flexible insurance options.
External financial advice solution.
Specialist general advice call centre team.
Unique pension solution combining super, pension and banking.
Data mining tool updated daily for better segmentation and client relationship management.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.65%
3.68%
10.54%
9.60%
12.66%
12.66%
16.86%
14.73%
-0.19%
0.45%
6.28%
8.71%
Fund
Benchmark
High Growth 2.36%
3.45%
13.92%
11.66%
16.38%
15.76%
22.34%
20.40%
-4.26%
-3.15%
6.61%
9.40%
Fund
Benchmark
Conservative Balance 2.75%
3.36%
8.58%
7.28%
10.27%
9.64%
12.72%
11.26%
1.72%
1.87%
6.13%
7.70%
Fund
Benchmark
Growth 2.52%
3.64%
11.84%
10.71%
14.43%
14.01%
20.88%
17.11%
-2.74%
-0.95%
6.43%
9.40%
Fund
Benchmark
Australian Shares 2.42%
4.38%
7.03%
5.70%
16.99%
16.77%
23.27%
21.07%
-6.55%
-6.15%
4.92%
11.00%
Fund
Benchmark
Overseas Shares 1.81%
1.37%
24.07%
19.16%
17.16%
17.63%
29.83%
26.14%
-4.90%
-2.45%
1.67%
5.86%
Fund
Benchmark
Capital Stable 3.05%
3.24%
6.38%
5.66%
7.60%
7.34%
8.45%
8.29%
4.33%
4.06%
6.20%
6.70%
Fund
Benchmark
Cash 1.59%
1.74%
1.81%
2.25%
1.70%
2.42%
2.22%
2.94%
3.55%
4.04%
3.75%
4.33%
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

Russell iQ Super is offered by Russell, one of the world's largest retirement plan consultants, and is an online superannuation solution designed to provide investors with access to Russell's actively managed investment options in a low cost environment.

The fund offers members a choice of 7 Diversified and 8 Single Sector options, with members able to select up to 12 investments at any one time. The Russell Balanced Portfolio performed in-line with the SuperRatings Index over the 5 years to 30 June 2015.

Fees are competitive and lower than the market average across all account balances assessed. Members are able to switch investment options at no cost; however, an exit fee applies when taking part or all of the benefits out of the fund.

Russell iQ Super offers a full suite of insurance cover to members at competitive premium rates. Unlimited Death Only cover is available, as well as Total & Permanent Disablement (TPD) cover up to a maximum of $3 million. Income Protection is available up to 75% of salary with a 2 year benefit period and a 90 day waiting period.

Online transaction access, financial planning services, as well as regular newsletters, videos and investor information are accessible to members from the fund's website.


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