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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
  • Choice Super of the Year Finalist
  • SR50 Capital Stable Index
  • Infinity Recognised
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $115 $152 -$37
50k $443 $614 -$171
100k $808 $1,133 -$325

Investment Allocation

Intl shares 30.9%
Aus shares 15.0%
Property 4.0%
Alternative 7.5%
Fixed interest 26.6%
Cash 5.0%
Other 11.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.33%
Investment Fee 0.40%
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 242,985
Total Assets $15,598,729,000
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 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.11%
1.43%
9.94%
9.60%
13.70%
12.66%
12.68%
14.73%
1.80%
0.45%
9.77%
8.71%
Fund
Benchmark
High Growth -2.50%
0.30%
11.58%
11.66%
18.01%
15.76%
21.41%
20.40%
-3.54%
-3.15%
12.30%
9.40%
Fund
Benchmark
Australian Shares 2.25%
1.10%
5.38%
5.70%
16.09%
16.77%
Fund
Benchmark
Capital Stable 1.96%
2.09%
8.43%
5.66%
10.81%
7.34%
9.37%
8.29%
3.65%
4.06%
7.97%
6.70%
Fund
Benchmark
Cash 1.62%
1.58%
2.12%
2.25%
2.30%
2.42%
2.79%
2.94%
4.04%
4.04%
4.36%
4.33%
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 30/06/2015, 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.

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

VicSuper FutureSaver is the accumulation division of VicSuper. The fund was established in 1994 to administer the superannuation of Victorian Government employees, in what is now known as its EmployeeSaver membership category. VicSuper received an Infinity Recognised award in 2009, 2014 and 2015 for upholding a 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.

Members have access to eight investment options and Term Deposits. A portion of the equity component of each option and 100% of the Equity Growth Sustainability Option is invested in companies rated as sustainability leaders. The performance of VicSuper's Balanced Option has been competitive compared to the SuperRatings Index over both the short term and the long term. The Capital Stable Option was the best performing option in the SR50 Capital Stable Index for the five years to 30 June 2015.

Fees associated with this product are rated as excellent across all assessed account balances. The Asset Administration Fee and Member Fee are collectively capped at $125 per month. 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 only cover and $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.


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