WA Super - Super Solutions - My WA SuperInformation shown is for the balanced option.
What the Researchers Say:
A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$73|
|Administration Fee (%)||0.08%|
|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||Western Australia|
|Offered to Public?||Yes|
Fund Highlights - provided by WA Super - Super Solutions - My WA Super
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
WA Super is a Perth based industry fund, initially set up for employees of Local Governments throughout WA, but has since become a Public Offer super fund.
The fund's MySuper offering comprises a single diversified investment option, My WA Super. The My WA Super option underperformed the SuperRatings Index over the 5 years to 30 June 2016. Choice members have access to both Diversified and Single Sector options.
Fees are higher than the industry average across medium and large account balances assessed. Members are entitled to 2 free switches each financial year, while an exit fee applies for deductions made from the account.
A full suite of insurance cover is available, with eligible members having 4 levels of cover to choose from, including Basic Cover, Standard Cover, Top Cover and Fixed Cover. Members have the option of applying for Income Protection with a 2 year cover at 50% of salary with 90 day waiting period; or 2 year, 5 year or to age 65 cover at 75% of salary with six waiting periods to choose from.
A range of member services are available, including online access and transaction functionalities, online calculators, as well as fact sheets and newsletters. The fund also provides access to financial planning services and a range of banking products from ME.