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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.

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

Typical Fees

Balance This Fund Industry Average Difference
5k $120 $156 -$36
50k $313 $627 -$314
100k $528 $1,155 -$627

Investment Allocation

Intl shares 20.0%
Aus shares 33.0%
Property 7.0%
Fixed interest 30.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $98
Administration Fee (%) 0.00%
Investment Fee 0.43%
Switching Fee $0
Exit Fee $0
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

Total Assets $631,771,173
Year Started 2014
Target Market All industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Bendigo SmartStart Super - Bendigo MySuper

A low cost, easy to understand and easy to manage superannuation and pension solution that offers a range of simple and convenient investment options and a range of competitively priced group insurance options. It's smart on fees and its lifecycle MySuper investment strategy allows the customer to 'set and forget' their super until it's time to for them to retire by changing a member's risk profile based on their age. Bendigo SmartStart has been designed to meet all stages of a customer's life whether they are starting out, moving up, doing business, looking to retire or in retirement.

What the researchers say

Bendigo SmartStart Super is a sub-plan of The Bendigo Superannuation Plan which was established in 1988. Designed for individuals and self-employed people; Bendigo SmartStart Super aims to provide a low-cost and easy-to-use solution.

The Fund's MySuper offering, Bendigo MySuper, comprises three age-based life stage investment options, designed to grow and consolidate a member's retirement savings in the initial two stages, whilst protecting member's retirement savings in the final stage. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.

The fee structure for Bendigo SmartStart Super is competitive, with fees lower than the industry average across all account balances assessed. There are no exit fees and members can switch between investment options at no cost.

Bendigo SmartStart Super provides members with a full suite of insurance including unlimited Death Only cover and Total & Permanent Disablement (TPD) cover up to $5 million. Income Protection (IP) cover offers up to a maximum of 75% of salary plus super contributions, with 30 or 90 day waiting periods and benefit periods of 2 years or to age 65.

The Fund offers members access to financial planning services, comprehensive online educational materials and the ability to view account details and perform transactions through the fund's website.


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