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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.

  • Gold
Awards
Fund data valid as of June 30, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $167 $152 $15
50k $667 $598 $69
100k $1,222 $1,099 $123

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 ($) $112
Administration Fee (%) 0.70%
Investment Fee 0.41%
Switching Fee $0
Exit Fee $135.90
Account Size Discount Yes
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 2003
Target Market All members
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Russell SuperSolution - Personal Division

Significant member education functions and online learning centre.
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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 11.61%
10.53%
11.61%
10.53%
-0.25%
2.81%
10.54%
9.60%
12.66%
12.66%
16.86%
14.73%
Fund
Benchmark
High Growth 16.80%
14.11%
16.80%
14.11%
-2.24%
0.68%
13.92%
11.66%
16.38%
15.76%
22.34%
20.40%
Fund
Benchmark
Conservative Balance 8.70%
7.20%
8.70%
7.20%
1.06%
2.82%
8.58%
7.28%
10.27%
9.64%
12.72%
11.26%
Fund
Benchmark
Growth 13.71%
11.84%
13.71%
11.84%
-1.23%
2.10%
11.84%
10.71%
14.43%
14.01%
20.88%
17.11%
Fund
Benchmark
Australian Shares 15.38%
13.37%
15.38%
13.37%
-1.74%
1.50%
7.03%
5.70%
16.99%
16.77%
23.27%
21.07%
Fund
Benchmark
Overseas Shares 19.88%
16.57%
19.88%
16.57%
-6.10%
-2.30%
24.07%
19.16%
17.16%
17.63%
29.83%
26.14%
Fund
Benchmark
Capital Stable 5.93%
5.28%
5.93%
5.28%
2.45%
3.36%
6.38%
5.66%
7.60%
7.34%
8.45%
8.29%
Fund
Benchmark
Cash 1.39%
1.72%
1.39%
1.72%
1.72%
1.90%
1.81%
2.25%
1.70%
2.42%
2.22%
2.94%
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 30/06/2016, 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 - Personal caters for members who are not part of an employer sponsored plan and those who are transferring from iQ Super - Employer; however, this product closed to new members on 31 December 2013.

The fund offers members a choice of 7 Diversified and 8 Single Sector options, with members able to invest in up to 12 investments at any one time. The Balanced Portfolio underperformed the SuperRatings Index over the 5 years to 30 June 2016.

Fees are higher than the industry average across all assessed account balanced; however, members are entitled to a fee rebate on account balances over $100,000. Members are able to switch investment options at no cost; however, an exit fee applies to partial and full withdrawals.

Russell iQ Super - Personal offers a full suite of insurance cover to members, including unlimited Death Only cover and 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 payment period and a 90 day waiting period. Members who have transferred from Russell iQ Super - Employer are able to automatically transfer their existing cover.

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


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