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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 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.

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

Typical Fees

Balance This Fund Industry Average Difference
5k $117 $157 -$40
50k $468 $631 -$163
100k $858 $1,164 -$306

Investment Allocation

Intl shares 27.0%
Aus shares 22.0%
Property 11.5%
Alternative 19.5%
Fixed interest 14.0%
Cash 3.0%
Other 3.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.20%
Investment Fee 0.58%
Switching Fee $30
Exit Fee $60
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

Membership 103,241
Total Assets $3,347,862,085
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by Tasplan MySuper

Tasmania's largest industry fund
Full time local representatives available to support businesses and members
A fixed competitive administration fee
Free general advice on superannuation issues on a Tasplan account
Multi industry fund so members can use it wherever they work
Ancillary benefits can be accessed by members of Tasplan

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.78%
2.81%
3.78%
2.81%
10.05%
9.60%
12.06%
12.66%
13.06%
14.73%
0.89%
0.45%
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

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.


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