Tasplan MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average or below 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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.20%|
|Account Size Discount||Yes|
|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 Tasplan 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
Tasplan was originally established in 1987 for Tasmanian corporate employees, and has been open to anyone residing in Australia since 2007. Tasplan is a low-cost industry fund, committed to returning all profits back to members.The fund merged with Quadrant Super in November 2015.
Tasplan MySuper option is a rebadged version of its existing Balanced option, which has outperformed the SuperRatings Index over the long term. Choice members can also access eight additional investment options.
Fees associated with this product are rated as good across all assessed account balances. The Member Administration fee is capped at $500 p.a., which benefits members with larger account balances. No commissions are paid to financial advisers. However, transaction fees apply for switches, contribution splitting and withdrawals.
Tasplan provides eligible MySuper members with age-based Basic Cover for Death & TPD upon joining. Members can also apply to increase their cover and add optional Income Protection insurance.
Members are offered general advice for free, however can obtain personal advice from a qualified financial planner on a fee for service basis. Tasplan's new look website offers interactive features, which include improved fact sheets, calculators, and educational material such as 'Women & Super' video podcasts assisting members in their engagement.