Sunsuper for Life - MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.10%|
|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 Highlights - provided by Sunsuper for Life - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||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 30/06/2015, 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.
Percentage of Growth Assets
What the researchers say
Sunsuper is a MySuper authorised Queensland based industry fund servicing the needs of employees across all industries. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.
Sunsuper's default MySuper Lifecycle Investment strategy lowers investment risk by transitioning members' balances on a monthly basis from the Balanced Pool through the Retirement Pool and finally a portion into the Cash Pool. The Balanced option has outperformed the SuperRatings Index in 2015. A wide selection of investment options are available to Choice members.
The fund has a very low fee structure, with fees lower than the industry average across all account balances. There are no establishment, contribution or investment switching fees, although a withdrawal fee does apply.
Sunsuper for Life provides a full suite of insurance cover to members, with automatic Death and TPD cover based on age and gender. Members can apply for unlimited Death cover and up to $3 million of Death and TPD cover. New members can apply for Income Protection with a 60 day waiting period at special rates covering up to 85% of salary, while 30, 90 or 180 day waiting periods can also be accessed through the fund's Additional Cover.
Other benefits include online services, educational material and discounted banking products through ME.