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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.

  • Platinum
  • 5 Year Platinum Performance
  • Infinity Recognised
Awards
Fund data valid as of May 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $120 $152 -$32
50k $493 $601 -$108
100k $908 $1,106 -$198

Investment Allocation

Intl shares 36.5%
Aus shares 15.0%
Property 7.0%
Alternative 15.0%
Fixed interest 14.5%
Cash 1.0%
Other 11.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.28%
Investment Fee 0.55%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
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 241,820
Total Assets $18,012,689,000
Year Started 1994
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by VicSuper FutureSaver - EmployeeSaver

Daily unit pricing & investment switching
6 Diversified investment options
Future contribution investment option nominations
Responsible investments
No commissions. Advice to members usually at no extra cost

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 11.67%
10.31%
1.87%
2.81%
11.12%
9.60%
15.84%
12.66%
15.42%
14.73%
-0.37%
0.45%
Fund
Benchmark
High Growth 16.75%
14.41%
-0.59%
0.68%
12.55%
11.66%
18.56%
15.76%
20.32%
20.40%
-2.71%
-3.15%
Fund
Benchmark
Conservative Balance 14.74%
7.39%
-0.91%
2.82%
11.58%
7.28%
18.01%
9.64%
21.41%
11.26%
-3.54%
1.87%
Fund
Benchmark
Secure 4.76%
7.39%
4.40%
2.82%
5.63%
7.28%
7.54%
9.64%
6.11%
11.26%
5.06%
1.87%
Fund
Benchmark
Australian Shares 12.18%
12.67%
2.80%
1.50%
5.38%
5.70%
16.09%
16.77%
Fund
Benchmark
Capital Stable 7.67%
5.16%
3.67%
3.36%
8.43%
5.66%
10.81%
7.34%
9.37%
8.29%
3.65%
4.06%
Fund
Benchmark
Cash 1.53%
1.59%
1.93%
1.90%
2.12%
2.25%
2.30%
2.42%
2.79%
2.94%
4.04%
4.04%
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

Established in 1994 to administer the superannuation of Victorian Government employees, VicSuper FutureSaver is now a Public Offer industry fund. VicSuper has received a 2017 Infinity Recognised status for the fourth time for upholding corporate governance framework which takes into account economic, social and environmental factors. The fund is also a finalist for the 2016 Choice Super of the Year Award and the 2017 MySuper of the Year Award, with a Platinum rating for the 5th consecutive year.

Members have access to 8 diversified and single sector investment strategies, as well as Term Deposits. A Socially Conscious Option (known as the Equity Growth Sustainability Option prior to February 2017) is included, with all its equity component invested in companies rated as sustainability leaders. VicSuper's Growth Option has outperformed the SuperRatings Index over the short and long term. The fund's Capital Stable Option was the best performing SR50 Capital Stable Index option in 2015.

Fees for the Growth Option are below the industry average across all assessed account balances, with the Asset Administration Fee capped on account balances over $507,857. No Switching Fee or Exit Fee are charged, and commissions are not paid to financial advisers.

VicSuper provides members with access to Death only, Death/TPD and Income Protection (IP) insurance. Members can apply for an unlimited amount of Death cover and up to $5 million Death & TPD cover. IP is available over a 2 year, 5 year or up to age 65 benefit period, with a choice of 30, 60, and 90 day waiting periods.

VicSuper offers a variety of extra benefits including free superannuation advice, educational seminars held around Melbourne and regional Victoria, online account access and discounted home loans.