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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.

  • MySuper Gold
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $121 $157 -$36
50k $503 $631 -$128
100k $928 $1,164 -$236

Investment Allocation

Intl shares 23.0%
Aus shares 28.0%
Property 15.0%
Alternative 7.0%
Fixed interest 19.0%
Cash 8.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.65%
Investment Fee 0.20%
Switching Fee $0
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

Total Assets $5,773,860,295
Year Started 2013
Target Market All industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Suncorp - Suncorp Lifestage Funds

Suncorp Everyday Super for business makes life easy for business owners and finance managers by removing the hassle of managing super payments and meeting 'choice of fund' obligations. Our online superannuation payments clearing house, Suncorp EASE offers fast electronic processing meaning no more writing cheques, or hours of manual data input. With a business account, you'll be able to use Everyday Super to make your default super payments. Everyday Super is low cost and straightforward super account for your employees.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 5.27%
2.81%
5.27%
2.81%
10.12%
9.60%
9.32%
12.66%
Fund
Benchmark
Conservative Balance 4.83%
2.82%
4.83%
2.82%
7.14%
7.28%
6.72%
9.64%
Fund
Benchmark
Growth 5.42%
2.10%
5.42%
2.10%
11.24%
10.71%
10.24%
14.01%
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

Suncorp is one of Australia's largest bank and general insurance groups, with over $95 billion in assets, and offers a range superannuation solutions through Suncorp Master Trust.

The Fund's MySuper offering comprises 15 Suncorp Lifestage Funds which are tailored to suit the investment needs and risk profile of investors based on the year they were born. As this product was launched in July 2013, no long term performance data is currently available; however, the Suncorp Lifestage Fund 1970-1974 outperformed the SuperRatings Index over the 14/15 Financial Year.

Suncorp's choice members have access to numerous investment options through Suncorp WealthSmart and Suncorp Everyday Super.

Fees are competitive and lower than the industry average across all account balances assessed. There are no exit or investment switching fees.

Eligible members automatically receive Life and Total & Permanent Disability (TPD) insurance through the Suncorp Lifestages cover. The Suncorp Lifestages insurance is tailored to members' age and will automatically be adjusted as members get older. Alternatively, members can choose their own cover up to a maximum of $850,000.

A range of member services are available, including online access and transaction functionalities, online tools and calculators, as well as fact sheets and newsletters. Members also have access to DIY advice tools and phone based general advice at no cost, while financial planners are available for more complex advice on a fee for service basis.


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