Bendigo SmartStart Super - Personal DivisionInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$98|
|Administration Fee (%)||0.00%|
|Account Size Discount||No|
|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?||No|
|Fund Type||Master Trust-Personal|
Fund Highlights - provided by Bendigo SmartStart Super - Personal Division
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||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 30/06/2016, 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.
Percentage of Growth Assets
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.