|
Fund profiles
| AustralianSuper |
 |
|
|
Overview:
|
ARF and STA merged to become AustralianSuper. With more than 1.3 million members, over 110,000 participating employers and over $29 billion in funds under management, AustralianSuper is the largest, broad-based, run-only-to-profit-members industry fund, catering for employees and employers from any industry or profession in Australia.
We offer high value services to employees and employers and utilise our size and financial strength to negotiate reduced fees for investment, insurance and other services.
AustralianSuper has two divisions in addition to its main section:
Personal - For self-employed individuals and others, including spouses of members and those with a rollover or eligible termination payment to invest. More...
Corporate - For companies that want to outsource their staff superannuation. Corporate offers the best of both worlds – the advantages of in-house super in an outsourced product. More... |
| Year of Establishment: |
2006 (as AustralianSuper) |
| Value of Funds: |
$29 billion |
Key Features:
(Industry & Personal Divisions) |
- Performance - Strong, long-term investment returns: the Balanced Investment Option has credited an average of 11.19% p.a for the 5 years to 30 June 2008.
- Run only to profit members - no shareholder dividend payments or sales commissions paid to financial planners.
- Low fees - including a flat administration fee of $1 per week (other fees may also apply).
- Investment choice - 16 investment options for members to choose any combination with no switching fee.
- Employer Services – dedicated call centre, specific web area for account management, secure on line transactions, workplace representatives, regular report and updates, clearing house facilities.
- Members Services – workplace seminars, telephone enquiries (8am – 8pm EST), member education programs, a comprehensive website with secure on line transactions, publications and communication resources designed to help members get the most from their superannuation.
- Financial planning - access to member seminars and commission-free planners and financial advisers.
- Extra benefits: access to competitive home and personal loans, credit cards and savings accounts; low-cost health insurance; and discounted computers and Internet access.
- Insurance - that protects you and your family: including Death, Total and Permanent Disablement (TPD) and Income Protection cover.
- Trustee Board – experienced Board with equal member of employer and employee representatives and one independent director.
|
| Administrator: |
SuperPartners & Mercer |
| Auditor: |
Ernst & Young (External) |
| Custodian: |
JPMorgan Chase Bank |
| Asset Consultants: |
JANA Investment Advisers Pty Ltd
Frontier Investment Consulting |
| Insurer: |
CommInsure |
| INVESTMENT OPTIONS |
|
| Conservative Balanced Investment Option |
For solid capital accumulation, a steady income and reasonable likelihood of capital protection in an adverse investment environment. |
| Balanced (default option) |
Out-perform, (after fees and taxes) CPI plus 4% pa, and the median balanced fund, over the medium to longer term. |
| High Growth |
Outperform (after tax and fees) CPI plus 5% pa, and the median growth fund, over the medium to longer term. |
| Sustainable Balanced |
Out-perform, (after fees and taxes) CPI plus 4% pa, and the median balanced fund, over the medium to longer term. |
| Stable |
Out-perform (after fees and taxes) CPI plus 3% pa, and the median capital stable fund, over the medium term. |
| Capital Guaranteed |
Outperform (after tax and fees) the post-tax return from retail cash management accounts by at least 0.5% pa. |
| Australian Shares |
Outperform (after fees and tax) the S&P/ASX 300 Accumulation Index over the medium to longer term. |
| International Shares |
Outperform (after tax and after fees) the MSCI World All Countries (ex-Australia) Index over the medium to longer term. |
| Property |
Outperform (after fees and tax) CPI + 3% pa over the medium term. |
| Diversified Fixed Interest |
Outperform (after fees and tax) CPI + 1-2% over the medium term. |
| Cash |
Outperform (after fees and tax) the CPI each year. |
| Australian Sustainable Shares |
Outperform (after fees and tax) the S&P/ASX 300 Accumulation Index over the medium to longer term. |
| International Sustainable Shares |
Outperform (after fees and tax) the MSCI World All Countries (ex-Australia) Index over the medium to longer term. |
| Australian Fixed Interest |
Outperform (after fees and tax) CPI + 1-2% over the medium term. |
| International Fixed Interest |
Outperform (after fees and tax) CPI + 1-2% over the medium term. |
| ASX 200 Shares |
Provide growth over the medium term. |
Investment Performance
|
Growth Asset Weighting |
Performance to 30 June 2008 |
| |
|
1yr |
3yr |
5yr |
| Conservative Balanced |
55 |
n/a |
n/a |
n/a |
| Balanced (default option) |
75/25 |
-5.78% |
9.26% |
11.19% |
| High Growth |
90/10 |
-8.36% |
9.39% |
11.72% |
| Sustainable Balanced |
75/25 |
-9.89% |
5.97% |
7.58% |
| Stable |
30/70 |
2.34% |
6.76% |
7.43% |
| Capital Guaranteed |
0/100 |
4.86% |
5.05% |
4.76% |
| Australian Shares |
100/0 |
-12.83% |
10.98% |
15.70% |
| International Shares |
100/0 |
-18.21% |
3.19% |
5.97% |
| Property |
50/50 |
7.43% |
12.74% |
11.59% |
| Diversified Fixed Interest |
0/100 |
3.92% |
3.66% |
4.70% |
| Cash |
0/100 |
5.12% |
5.37% |
4.99% |
| Australian Sustainable Shares |
100/0 |
-27.25% |
1.83% |
8.49% |
| International Sustainable Shares |
100/0 |
-20.47% |
-1.50% |
1.43% |
| Australian Fixed Interest |
0/100 |
1.56% |
2.65% |
3.53% |
| International Fixed Interest |
0/100 |
6.37% |
4.36% |
5.92% |
| ASX 200 Shares |
n/a |
- |
- |
- | | Please note: Returns quoted are net of fees and tax. In calculating historical return information for AustralianSuper we have combined return information from previous ARF and STA investment options. Where only one of the merging funds previously offered an equivalent to an option in the new product suite, the returns of that option have been used. Where both funds offered an equivalent option, the returns have been asset weighted across both options on a monthly basis, as per industry best practice. Where data isn’t available for one or both of the equivalent options, the monthly returns have been averaged. The same process has been used for calculating historical investment fees. Past performance is not an indication of future returns.
| Insurance Available: |
Death, Death/ TPD, Income Protection, Health (through SMHP/ GMHBA). |
| Extra Benefits: |
Business Loans (through Members Equity), Financial Planning (through IFFP), Financial Seminars, Home Loans (through Members Equity), Non-super Savings Options (through Members Equity and/ or SMI), Online Account Details, Online Transactions, Retirement Planning, Super Splitting, Virtual Communities - discounted commercial and domestic computer, internet and mobile telephony services. |
| Communications: |
Employer Reports, Employee Reports, Newsletters, Membership, Investment and Insurance Booklets, Publications and Monthly Investment Performance Data available on website, E-news. To help members who have selected the ASX200 Shares Investment Option make informed decisions, AustralianSuper’s website provides members with access to a range of research material on stocks in the S&P/ASX 200 Index. Macquarie Equities Limited, one of Australia’s leading brokers, provides this on a daily basis. Dozens of brochures and forms are available on request or can be downloaded from the internet. To access the ASX 200 Research Tool go to www.australiansuper.com/investments.aspx |
| Employer Services: |
Corporate Fund Administration for accumulation, defined benefit or hybrid funds, online transitions, clearing house services, Relationship managers in every State/Territory, member education programs, monthly bulletins and biannual reports. |
| FEES |
| Withdrawal Fee |
$35 |
| Management Cost - member fee ($ per week/ annum) |
$1 per week (other member fees may apply in Corporate Division). The fee will increase to $1.50 per week from 1 Jan 2009 |
| Management Cost - investment fee (% p.a.) |
Range from 0.06% to 1.06% p.a. in 2005/06 (0.63% for the Balanced Option in 2005/06) |
| Switching fee |
Nil except for members who select ASX 200 Shares Investment Option and pay an annual participation fee of $39 and a brokerage of up to 0.3% of the transaction amount plus GST |
| Member benefit protection (MBP) for 2004/05 |
0.02% p.a. | |
<< Back to Main Listings Page |
|
