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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
  • Infinity Recognised
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $151 $157 -$6
50k $484 $634 -$150
100k $854 $1,169 -$315

Investment Allocation

Intl shares 23.0%
Aus shares 33.0%
Property 10.0%
Alternative 17.0%
Fixed interest 11.0%
Cash 6.0%

Fees & Charges

Administration Fee ($) $114
Administration Fee (%) 0.06%
Investment Fee 0.68%
Switching Fee $20
Exit Fee $0
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 142,608
Total Assets $6,338,445,737
Year Started 2012
Target Market All industries
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by StatewideSuper Choice Plus Employer

10 investment options including single and diversified options.
Access to in-house professional financial planning services.
Free member educational tools, newsletters, e-newsletters and retirement seminars.
Secure website access 24/7 via Statewide.On.Line.
Free worksite visits.
Comprehensive death and disablement insurance options.
1 stand-alone Socially Responsive Investment option sustainable equities based.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 5.67%
3.68%
10.64%
9.60%
Fund
Benchmark
High Growth 6.39%
3.45%
13.54%
11.66%
16.25%
15.76%
Fund
Benchmark
Conservative Balance 5.06%
3.36%
8.19%
7.28%
Fund
Benchmark
Diversified Fixed Interest 3.52%
3.55%
5.45%
3.93%
6.05%
5.52%
Fund
Benchmark
Growth 5.88%
3.64%
11.48%
10.71%
14.95%
14.01%
Fund
Benchmark
Australian Shares 8.47%
4.38%
6.99%
5.70%
16.52%
16.77%
Fund
Benchmark
Overseas Shares 2.66%
1.37%
22.73%
19.16%
18.69%
17.63%
Fund
Benchmark
Capital Stable 4.15%
3.24%
6.41%
5.66%
6.97%
7.34%
Fund
Benchmark
Cash 1.97%
1.74%
2.53%
2.25%
2.67%
2.42%
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

StatewideSuper was initially established in 1986 for the benefit of South Australian workers; however, it is now open to the public. Environmental, Social and Governance considerations are an integral part of the Fund's framework and StatewideSuper was issued an Infinity Recognised award for the fifth time in 2015, for demonstrating excellent environmental and socially responsible principles.

StatewideSuper Choice Plus offers an investment menu consisting of 6 Diversified and 4 Single Sector options. The Growth option outperformed the SuperRatings Index over the 12 months to 30 June 2015; however long term investment performance history is unavailable as this is a new option from 1 July 2013.

Fees are competitive and lower than the industry average across all account balances assessed. Members are entitled to one free investment switch per year, while no exit fee is charged.

Members are automatically provided with 4 units of Income Protection (IP) and 4 units of Standard Death and TPD Insurance upon joining the Fund, with additional cover also available. The Fund's non-standard IP waiting period of 45 days prevents the premiums from being displayed overleaf.

A great range of additional benefits are provided to members including discounted financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the StatewideSuper Advantage Program.


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