Advertisement
What the Researchers Say:

A "reasonable value for money" superannuation fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

You should contact your financial adviser or this fund before making an investment decision.

  • Silver
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $144 $156 -$12
50k $660 $627 $33
100k $1,320 $1,155 $165

Investment Allocation

Intl shares 29.0%
Aus shares 26.0%
Property 8.0%
Alternative 12.0%
Fixed interest 20.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.76%
Investment Fee 0.56%
Switching Fee $0
Exit Fee $0
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

Total Assets $5,773,860,295
Year Started 2009
Target Market All industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Suncorp WealthSmart - Personal Super

Simple and comprehensive investment menu.
Simple and customer friendly language.
Family account linking.
Lifestyle event cover and Income Protection to age 65.
Child pensions and Anti-detriment benefits.
Ability to view member documents online, including annual statements.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.12%
2.65%
1.94%
2.81%
9.20%
9.60%
7.08%
12.66%
14.56%
14.73%
-1.69%
0.45%
Fund
Benchmark
High Growth 2.96%
3.67%
2.94%
0.68%
11.50%
11.66%
8.35%
15.76%
17.92%
20.40%
-3.52%
-3.15%
Fund
Benchmark
Conservative Balance 1.64%
2.01%
1.32%
2.82%
4.38%
7.28%
3.85%
9.64%
6.73%
11.26%
0.89%
1.87%
Fund
Benchmark
Australian Shares 5.62%
5.68%
-1.46%
1.50%
4.04%
5.70%
13.78%
16.77%
16.92%
21.07%
-7.55%
-6.15%
Fund
Benchmark
Overseas Shares 2.51%
2.74%
-1.35%
-2.30%
23.10%
19.16%
14.61%
17.63%
22.19%
26.14%
-1.36%
-2.45%
Fund
Benchmark
Capital Stable 1.14%
1.32%
1.76%
3.36%
0.06%
5.66%
0.06%
7.34%
1.42%
8.29%
1.31%
4.06%
Fund
Benchmark
Cash -0.03%
0.16%
0.52%
1.90%
0.86%
2.25%
0.47%
2.42%
1.23%
2.94%
2.26%
4.04%
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 $96 billion in assets. Suncorp WealthSmart was established in 2009 as a combined wealth platform, comprising Business Super, Personal Super and Pension.

The Fund offers a broad range of investments, including Diversified and Single Sector options. Suncorp WealthSmart Term Deposits are also available to members. The Suncorp Growth Portfolio has underperformed the SuperRatings Index over the short and long term.

Fees associated with this product are higher than the industry average across small and medium account balances assessed; however, no Member fee is charged for account balances above $20,000 and an administration fee discount is available for account balances over $100,000. There are no exit or investment switching fees.

A full suite of comprehensive insurance is accessible through Suncorp WealthSmart. Members can apply for a maximum of $5 million of Death Only cover and $3 million of TPD cover. Income Protection (IP) is offered to a maximum of 85% of salary (including super benefits) with a choice of 30, 60 or 90 day waiting periods and 2 year, 5 year or to age 65 benefit periods.

A range of member services are available, including online access and transaction functionalities, online tools and calculators, as well as fact sheets and newsletters.


Other Funds Promoted