UniSuper Accumulation - MySuperInformation shown is for the balanced option.
What the Researchers Say:
A 'best value for money' superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$96|
|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||Higher Education|
|Offered to Public?||No|
Fund Highlights - provided by UniSuper Accumulation - 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
UniSuper is an Industry fund dedicated exclusively to those who work in the Australian higher education and research sector. The fund has consistently proven itself as an excellent value for money superannuation fund, being among the finalists for the Choice Super of the Year award in 2016. UniSuper is also Infinity Recognised for the sixth consecutive year for demonstrating excellent environmental and social principles.
The fund is MySuper Authorised, with the Balanced option being the default offering for members who do not choose an investment option. For Choice members, 15 additional investment options are available to choose from across Multi and Asset Specific strategies. The default Balanced option outperformed the SuperRatings Index in 2015 with long term returns also positioned above the index.
The fee structure is competitive across all account balances assessed. However, switching fees apply.
The fund's insurance offering is also competitive. Members automatically receive 1 unit of Death with Total & Permanent Disablement cover upon joining and can apply for an additional 2 units of cover within 180 days. TPD-only cover have also been added to the offering, increasing flexibility to members. Optional Income Protection (IP) provides 85% (including SG) salary coverage with 3 waiting periods and benefits can be paid over 2 years, 5 years or to age 65.
Members can access in-house financial advice on a fee-for-service basis. A public website provides secure online member access and education material.