You can check and manage your super by creating a MyGov account if you don’t already have one, at my.gov.au, and link to the ATO. *POF means Public Offer Fund, and NPOF means Non-Public Offer Fund. As we’re talking about 9.5% of your income and possibly hundreds of thousands of dollars by the time you retire, it’s worth following the money trail to see how your MySuper fund works and how it compares with other funds in the market. And Australian Catholic Super changes its investment mix every year from age 40 to 70, beginning with a 90/10 split and ending with a 40/60 split. This is well above the average MyFund target return of CPI (a measure of inflation) plus 3.5% over rolling 5-year periods. Your email address will not be published. Super and pension funds with the lowest fees, Super funds with the lowest fees for life and TPD insurance, Fund Performance: SMSFs vs APRA super funds, ANZ Australian Staff Superannuation Scheme, Australian Ethical Retail Superannuation Fund, Australian Meat Industry Superannuation Trust, Goldman Sachs & JBWere Superannuation Fund_MySuper Product, Goldman Sachs & JBWere Superannuation Fund, BT Super for Life MySuper; BT Lifetime Employer MySuper, Building Unions Superannuation Scheme (Queensland), Colonial First State FirstChoice Superannuation Trust, Australian Defence Force Superannuation Scheme, Public Sector Superannuation Accumulation Plan, Concept One The Industry Superannuation Fund, Smartsave ‘Member’s Choice’ Superannuation Master Plan, Energy Industries Superannuation Scheme-Pool A, Health Employees Superannuation Trust Australia, IOOF Portfolio Service Superannuation Fund, Labour Union Co-Operative Retirement Fund, Meat Industry Employees Superannuation Fund, Balanced investment option (accumulation), ANZ Smart Choice Super_For QBE Management Services PTY LTD and their employees, Queensland Independent Education & Care Superannuation Trust, Australian Catholic Superannuation and Retirement Fund, Incitec Pivot Employees Superannuation Fund, United Technologies Corporation Retirement Plan, Construction & Building Unions Superannuation, The Victorian Independent Schools Superannuation Fund, Westpac Mastertrust – Superannuation Division, 85/15 (growth investments/defensive investments) for under 45s. 0000100457 00000 n This is an issue raised by both the Productivity Commission and the Financial Services Royal Commission. This is well above the average MyFund target return of CPI (a measure of inflation) plus 3.5% over rolling 5-year periods. They are designed to be: Retail, industry and corporate funds can all offer MySuper accounts to members in accumulation phase (pre-retirement). This is usually a ‘balanced’ approach with around 70% invested in higher risk growth assets (shares and property) and 30% in lower risk defensive assets (cash and fixed interest). 0000101190 00000 n 0000067897 00000 n Even though the server responded OK, it is possible the submission was not processed. 0000100755 00000 n [6] Sunsuper was the first fund to receive approval for their lifecycle strategy. All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. 214 0 obj <>stream SuperGuide does not verify the information provided within comments from readers. Fees are charged for administration, investment and other services such as switching funds or contribution splitting. See Section 5 for details of MySuper and go to plum.com. Members can track and manage the growth of their super account using the Plum Online website. If you have a MySuper account and want to get better acquainted, the first thing to check is whether you are in a single diversified investment product or a lifecycle product. Offer information 0000100669 00000 n Index: Morningstar Aus Msec Aggressive TR AUD. Superannuation and retirement planning information, Home / Super funds / Comparing super funds, February 24, 2019 by Barbara Drury Leave a Comment. The median return for Growth funds since January 2014 (when MySuper was introduced) to January 2019 was 7.3% per year after investment fees and tax. All fees charged for MySuper products must be able to be included under these standard descriptions. SuperGuide is Australia’s leading superannuation and retirement planning website. Learn more, © Copyright SuperGuide 2009-2020. [12] As at 6 January 2014, 115 funds had been granted a MySuper authority: The URL www.mysuper.com.au is registered to OnePath Australia Limited. As at September 2018, around 25% of all super assets, or $695 billion, was invested across 103 MySuper accounts. You can learn more in our article How to compare super funds in 7 easy steps. Fund: Plum Superannuation -Pre-mixed Assertive. Jun-18 Jun-19 Jun-20 Sep-20; Fund: 10.17: 7.97 For example, a typical investment mix might be the following: This results in a progressive reduction in risk and returns, from high for younger members to medium-high for those in mid-career and low for older members. Legislation was enacted in 2012 and since 1 January 2014 only funds offering a MySuper product have been eligible to receive default super contributions for new employees. 0000069630 00000 n 0000069446 00000 n The Australian Prudential Regulation Authority (APRA) fosters competition by publishing fee tables and other statistics.[2]. [7] However, a number of lifecycle strategies have since been released from companies including Aon, Suncorp, BT and First State. Financial Year Total Returns. Funds that do not operate as default funds, such as self managed superannuation funds (SMSFs) or choice products, are not subject to MySuper standards. Signed up to plum as no longer able access old one as it was an employee only fund. 0000068828 00000 n AMG Universal Super – AMG MySuper (Public Offer), AMP Superannuation Savings Trust – AMP MySuper No.2 (Public Offer), AMP Superannuation Savings Trust – Brookfield Australia MySuper (Public Offer), AMP Superannuation Savings Trust – CCA MySuper (Public Offer), AMP Superannuation Savings Trust – Macquarie Group MySuper (Public Offer), AMP Superannuation Savings Trust – Woolworths Group MySuper (Public Offer), AMP Superannuation Savings Trust – Anglican National MySuper (Public Offer), AMP Superannuation Savings Trust – Australia Post MySuper (Public Offer), AMP Superannuation Savings Trust – AFLPA & AFL Industry MySuper (Public Offer), Auscoal Superannuation Fund – AUSCOAL Default Lifecycle (Public Offer), Australian Catholic Superannuation and Retirement Fund – MySuper Balanced (Public Offer), Australian Ethical Retail Superannuation Fund – Balanced (accumulation) (Public Offer), Australian Meat Industry Superannuation Trust – AMIST MySuper (Public Offer), AustralianSuper – IBM Superannuation Plan (Non Public Offer), AustralianSuper – Komatsu Superannuation Plan (Public Offer), Austsafe Superannuation Fund – MySuper (Balanced) (Public Offer), AvSuper Fund – AvSuper Growth (MySuper) (Public Offer), Bendigo SmartStart Super (Bendigo MySuper) (Public Offer), Betros Bros Superannuation Fund No 2 – Betros MySuper (Non Public Offer), Boc Gases Superannuation Fund – BOC MySuper (Non Public Offer), Building Unions Superannuation Scheme (Queensland) – BUSSQ MySuper (Public Offer), Catholic Superannuation Fund – MyCatholicSuper (Public Offer), Christian Super – My Ethical Super (Public Offer), Club Plus Superannuation Scheme – Club Plus Super – MySuper (Public Offer), Club Super – Club MySuper (Non Public Offer), Combined Fund – Combined Fund MySuper (Non Public Offer), Commonwealth Essential Super – Commonwealth Essential Super (Public Offer), Concept One The Industry Superannuation Fund – MySuper Balanced (Non Public Offer), Construction & Building Unions Superannuation – Growth (Cbus MySuper) (Public Offer), Duluxgroup Employees Superannuation Fund – Active Balanced (Public Offer), Elphinstone Group Superannuation Fund – Balanced Option (Non Public Offer), EmPlus Superannuation Fund – EmPlus MySuper (Public Offer), Energy Industries Superannuation Scheme-Pool A – MySuper Balanced (Public Offer), equipsuper – Equipsuper MySuper (Public Offer), EquitySuper – MyEquitySuper (Public Offer), First State Superannuation Scheme – First State Super MySuper Lifecycle (Public Offer), First Super – First Super MySuper (Public Offer), Guild Retirement Fund – Guild Retirement Fund (MySuper) (Public Offer), Health Employees Superannuation Trust Australia – Core Pool (Public Offer), Health Industry Plan – HIP MySuper (Non Public Offer), HOSTPLUS Superannuation Fund – Balanced option (Public Offer), IAG & NRMA Superannuation Plan – MySuper (Non Public Offer), Incitec Pivot Employees Superannuation Fund – Active Balanced (Public Offer), Intrust Super Fund – Intrust MySuper (Public Offer), IOOF Portfolio Service Superannuation Fund – IOOF MySuper (Public Offer), Kinetic Superannuation Fund – Kinetic Super – Growth (MySuper) (Public Offer), Labour Union Co-Operative Retirement Fund – MySuper Balanced (Public Offer), Law Employees Superannuation Fund – LESF MySuper (Public Offer), legalsuper – MySuper Growth option (Public Offer), Local Authorities Superannuation Fund – MySuper Balanced Growth (Non Public Offer), Local Government Superannuation Scheme – LGsuper MySuper Lifecycle (Non Public Offer), Local Government Superannuation Scheme – Pool A – MySuper Age-Based Investment Strategy (Public Offer), Lutheran Super – Balanced Option – MySuper Compliant (Non Public Offer), Maritime Super – Moderate investment option (Public Offer), Meat Industry Employees Superannuation Fund – MIESF MySuper (Non Public Offer), Media Super – Balanced investment option (accumulation) (Public Offer), Mercer Super Trust – Mercer WGSP MySuper (Public Offer), Mercer Super Trust – Mercer Santos MySuper (Public Offer), MTAA Superannuation Fund – My AutoSuper (Public Offer), New South Wales Electrical Superannuation Scheme – NESS MySuper (Non Public Offer), NGS Super – Diversified (MySuper) (Public Offer), Perpetual's Select Superannuation Fund – Perpetual MySuper (Public Offer), Plum Superannuation Fund – Plum MySuper (Public Offer), Prime Superannuation Fund – MySuper (Public Offer), Public Sector Superannuation Accumulation Plan – MySuper Balanced (Non Public Offer), Quadrant Superannuation Scheme – Quadrant MyChoices – MySuper Investment Option (Public Offer), Queensland Independent Education & Care Superannuation Trust – QIEC MySuper (Non Public Offer), Rei Super – Trustee Super Balanced Option (Non Public Offer), Retail Employees Superannuation Trust – REST Super (Public Offer), Retirement Wrap – BT Super for Life MySuper; BT Lifetime Employer MySuper (Public Offer), Retirement Wrap – Westpac Group Plan MySuper (Public Offer), Russell Supersolution Master Trust – Russell MySuper (Public Offer), Smartsave 'Member's Choice' Superannuation Master Plan – Smartsave MySuper Blanced (Public Offer), State Public Sector Superannuation Scheme –, Statewide Superannuation Trust – StatewideSuper MySuper (Public Offer), Super Directions Fund – AMP MySuper No.3 (Public Offer), Tasplan Superannuation Fund – Tasplan MySuper (Public Offer), Telstra Superannuation Scheme – Telstra Super MySuper (Public Offer), The Allied Unions Superannuation Trust (Queensland) – My AUST(Q) Super (Non Public Offer), The Bendigo Superannuation Plan – Bendigo MySuper (Public Offer), The Executive Superannuation Fund – MySuper MyLife (Public Offer), The Flexible Benefits Super Fund – FlexibleSuper Active Balanced (Non Public Offer), The Transport Industry Superannuation Fund – TIS MySuper (Non Public Offer), The Universal Super Scheme – MLC MySuper (Public Offer), The Victorian independent schools Superannuation Fund – VISSF Balanced Option (Non Public Offer), Toyota Australia Superannuation Plan – MySuper Growth (Non Public Offer), Toyota Employees Superannuation Trust – MySuper Growth (Non Public Offer), TWU Superannuation Fund – Balanced (MySuper) (Public Offer), Unisuper – UniSuper Balanced (Non Public Offer), United Technologies Corporation Retirement Plan – Balanced (Public Offer), Victorian Superannuation Fund – Growth (MySuper) (Public Offer), WA Local Government Superannuation Plan – MyWASuper (Public Offer), Water Corporation Superannuation Plan – Growth Option (Non Public Offer), Worsley Alumina Superannuation Fund – MySuper WASF Default Option (Non Public Offer), This page was last edited on 23 August 2019, at 01:34.
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