Russell SuperSolution - 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 (%)||0.55%|
|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||All Industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by Russell SuperSolution - MySuper
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
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.