Australian Catholic Superannuation & Retirement Fund

Australian Catholic Superannuation - RetireChoice

Past 5-year return
4.57%
Admin fee

$78

Calc fees on 50k

$583

SuperRatings awards
Past 5-year return
4.57%
Admin fee

$78

Calc fees on 50k

$583

SuperRatings awards

Pros and Cons

Pros and Cons

  • Expertise through self administration.
  • Personalised customer service.
  • Member education (seminars, newsletters, trade exhibitions and articles).
  • Retirement seminars.

Summary

Australian Catholic Superannuation was established in 1981 to provide retirement benefits to those who work in Catholic education, healthcare, aged care and welfare, with membership now open to the general public. Most recently, the fund announced plans to merge with NGS Super.Members are provided a choice of 7 'Managed Options' and 6 'Build your Own Options', including the Socially Responsible option for the ethical investor. The Balanced option outperformed the SuperRatings Index over the 1- and 3-year periods to 30 June 2020; however, underperformed over other time periods assessed. Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $2,000 pa. Members can switch investment options at no cost. RetireChoice provides good flexibility, with members having the ability to receive payments weekly through to annually. Members with more than one investment option can nominate the proportion of payments are to be drawn from each option. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.Members have access to complementary general advice and tailored personal advice, as well as a range of online tools, calculators and educational resources available through the fund's website. The secure online facility; Member Online, allows members to view and update account details, as well as perform transactions.

Features and Fees

Australian Catholic Superannuation Fees and Features

    Pros and Cons

    • Expertise through self administration.
    • Personalised customer service.
    • Member education (seminars, newsletters, trade exhibitions and articles).
    • Retirement seminars.

    Australian Catholic Superannuation was established in 1981 to provide retirement benefits to those who work in Catholic education, healthcare, aged care and welfare, with membership now open to the general public. Most recently, the fund announced plans to merge with NGS Super.Members are provided a choice of 7 'Managed Options' and 6 'Build your Own Options', including the Socially Responsible option for the ethical investor. The Balanced option outperformed the SuperRatings Index over the 1- and 3-year periods to 30 June 2020; however, underperformed over other time periods assessed. Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $2,000 pa. Members can switch investment options at no cost. RetireChoice provides good flexibility, with members having the ability to receive payments weekly through to annually. Members with more than one investment option can nominate the proportion of payments are to be drawn from each option. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.Members have access to complementary general advice and tailored personal advice, as well as a range of online tools, calculators and educational resources available through the fund's website. The secure online facility; Member Online, allows members to view and update account details, as well as perform transactions.

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    Australian Catholic Superannuation Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      CONSERVATIVE BALANCE
      SECURE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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