Victorian Independent Schools Superannuation Fund - MySuperInformation shown is for the balanced option.
What the Researchers Say:
An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$52|
|Administration Fee (%)||0.26%|
|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||Education related sector|
|Offered to Public?||No|
Fund Highlights - provided by Victorian Independent Schools Superannuation Fund - 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
The Victorian Independent Schools Superannuation Fund (VISSF) was launched in 1958 by a group of female teachers in independent schools throughout Victoria, who fought for superannuation entitlements. This fund caters for both Defined Benefit and Accumulation Plans.
The Fund's MySuper offering comprises a single diversified investment option, the Balanced option, a rebadged version of their preceding default option. The Balanced option has underperformed the SuperRatings Index for the 12 months to 31 January 2016.
VISSF's choice members have access to an additional 2 Diversified options, as well as a Cash option.
Fees associated with this product are competitive across all assessed account balances. Members are entitled to 2 free investment switches per year, while an exit fee applies for withdrawals.
VISSF offers members a full suite of insurance cover. Eligible new members are automatically allocated 3 units of Death and Total & Permanent Disablement (TPD) cover, as well as 3 units of Income Protection (IP) cover. IP is offered with a maximum payable benefit of 75% of salary plus 13% payable as superannuation contribution, with a 90 day waiting period and 3 benefit payment periods to choose from.
VISSF members can access comprehensive financial services advice including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.