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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.

  • MySuper Platinum
  • MySuper of the Year Finalist
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $107 $154 -$47
50k $368 $619 -$251
100k $658 $1,143 -$485

Investment Allocation

Intl shares 29.0%
Aus shares 23.0%
Property 10.0%
Alternative 24.0%
Fixed interest 10.0%
Cash 4.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.10%
Investment Fee 0.48%
Switching Fee $0
Exit Fee $47
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 1,008,267
Total Assets $37,323,478,305
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by Sunsuper for Life - MySuper

Sunsuper for Life provides a solution to serve you for the whole of your life.
Very flexible insurance arrangements offered.
Online education resources and workplace seminars accessible to fund members.
Affordable financial planning services available.
Discounted home loans & credit cards available through ME Bank.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 4.28%
3.36%
3.11%
2.81%
10.17%
9.60%
Fund
Benchmark
Conservative Balance 3.11%
2.24%
2.73%
2.82%
7.39%
7.28%
Fund
Benchmark
Cash 0.66%
0.72%
1.84%
1.90%
2.06%
2.25%
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

Sunsuper is a Queensland based industry fund servicing the needs of employees across all industries. The fund is designed to provide a whole of life solution, with streamlined processes helping members from the beginning of their working life all the way through to their retirement. The funds MySuper offering is a 2017 MySuper of the Year Finalist.

Sunsuper's default MySuper Lifecycle investment strategy lowers investment risk by transitioning the member to more defensive strategies as they get older. From 55 to 65 years of age, investments are gradually transitioned from the Balanced Pool to the Retirement and Cash Pools. The Balanced option has outperformed the SuperRatings Index over the short and long term. A wide selection of investment options is also available to Choice members.

The fund has a very low fee structure, with fees lower than the industry average across all account balances assessed. There are no establishment, contribution or investment switching fees, although a withdrawal fee does apply.

Sunsuper provides a full suite of insurance cover to members with premium rates based that can be tailored to suit the member. The insurance offering provides the option to apply for unlimited Death cover and up to $3 million for TPD insurance. Income Protection covers up to a maximum of 85% of salary.

Other benefits include online services, educational material and discounted banking products through ME.


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