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.

  • MySuper Gold
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $138 $154 -$16
50k $606 $612 -$6
100k $1,126 $1,127 -$1

Investment Allocation

Intl shares 27.0%
Aus shares 27.0%
Property 6.0%
Alternative 18.0%
Fixed interest 17.5%
Cash 4.5%

Fees & Charges

Administration Fee ($) $86
Administration Fee (%) 0.55%
Investment Fee 0.49%
Switching Fee $0
Exit Fee $82.35
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 71,594
Total Assets $8,562,744,598
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Russell SuperSolution - MySuper

Significant member education functions and online learning centre.
Free employer seminars.
Flexible insurance options.
External financial advice solution.
Specialist general advice call centre team.
Data mining tool updated daily for better segmentation and client relationship management.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.11%
  • 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

Russell iQ Super is offered by Russell Investments, one of the world's largest retirement plan consultants. Russell iQ Super - Employer caters for people who are in an employer-sponsored plan. Employer plans may have certain features that differ from employer to employer, including the availability of investment choice, fees and insurance needs.

The fund's MySuper offering comprises a single diversified investment option, the Balanced Opportunities Portfolio. While limited performance history is currently available for this product, the Balanced Opportunities Portfolio has historically underperformed the SuperRatings Index. Choice members have access to both Diversified and Single Sector options.

Fees for the iQ Super - Employer are difficult to assess, as they are tailored to the employer plans and may vary substantially (and in some cases fees may be paid for by the employer). Based on publicly available information, fees are lower than the industry average across all assessed account balances.

Russell offers a full suite of insurance cover, including unlimited Death Only cover, Total & Permanent Disablement (TPD) cover up to a maximum of $3 million and Income Protection up to 75% of salary. Insurance cover and design is also tailored to meet employers' needs and may vary from plan to plan, therefore premium rates provided here are indicative only.

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