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 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
UniSuper is an Industry fund dedicated exclusively to those working in the Australian higher education and research sector and their families. The fund was a finalist of the 2017 MySuper of the Year awards, and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.
The fund's MySuper offering comprises a single diversified investment option, the Balanced (MySuper) option. The Balanced (MySuper) option has outperformed the SuperRatings Index over the short and long term. Choice members are offered a range of 16 investment options to choose from, providing members with access to 7 Pre-mixed and 9 Single Sector options.
Fees are competitive and lower than the industry average across all member account balances assessed. The first investment switch each financial year is free of charge, while members can make withdrawals at no cost.
A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Income Protection (IP) is available to a maximum of 85% of monthly income including super contributions, with a choice of benefit payment periods of 2 years, 5 years and to age 65, and 3 waiting periods.
UniSuper provides members with access to a range of online fact sheets, calculators, educational videos and on-demand webcasts. The fund's MemberOnline further allows members to view and update account details, as well as perform transactions.