Your super fund’s performance has a big impact on how much money you’ll have at retirement. So, how do you know if your fund is a great performer?
How to compare super funds
- Look for good performance over a five- or 10-year period rather than exceptional performance for just a year or so. Super is a long-term investment.
- Be sure to factor in fees when you’re checking performance figures – but remember that low-fee funds may not perform as well and may offer less in the way of products and services.
So, the trick is to find a fund with good returns and low fees – plus the benefits you need.
A gold-rated fund – eleven years in a row
This year, SuperRatings™ awarded us our eleventh consecutive Gold Rating. SuperRatings™ is a rating company that reports on super fund investment returns, benchmarks super funds and pension funds, and ranks super funds based on investment performance, fees, insurance options and non-super services.
Our investment returns have remained competitive over the longer term. SuperRatings™ rates Tasplan’s investments as Above Benchmark. Over the past 10 years (to 30 June 2017), Tasplan's Balanced option average annual return of 5.13% is above the SuperRatings™ (SR) 50 Balanced Index average annual return of 4.78% and the SuperRatings™ (SR) All Fund Median average annual return of 4.61%.
Plus, over the past year, Tasplan’s has reduced some of its fees. We offer a range of excellent benefits and services for members and employers at a very low cost – our member administration fees are lower than those of most retail funds. Employers don’t pay any fees at all.
Clearly, you can have confidence that you’re with a quality fund.
A five-star quality rating
In January 2018, Tasplan Super was judged as ’outstanding’ and awarded 5 Heron Quality Stars for 2018.
Scoring 5 out of 5 stars indicates a score of 80 or more out of 100. This score is awarded to a fund that is ‘outstanding’ – that is, ‘an outstanding product with a great depth of features and hence flexibility’.
Tasplan’s MySuper investment option also received 5 stars.