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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.

  • Silver
Awards
Fund data valid as of June 30, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $120 $152 -$32
50k $313 $598 -$285
100k $528 $1,099 -$571

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

Membership 17,754
Total Assets $835,349,683
Year Started 2002
Target Market All industries
Offered to Public? No
Fund Type Master Trust-Personal

Fund Highlights - provided by Bendigo SmartStart Super - Personal Division

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.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 7.40%
10.53%
7.40%
10.53%
Fund
Benchmark
High Growth 13.18%
14.11%
13.18%
14.11%
Fund
Benchmark
Growth 10.17%
11.84%
10.17%
11.84%
Fund
Benchmark
Capital Stable 4.94%
5.28%
4.94%
5.28%
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

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 for its members.

Bendigo SmartStart Super offers members an investment menu consisting of 10 Diversified options and 1 Cash option. 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 are 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 access to 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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