MySuper dashboard – at age 52
Your super will automatically be invested using our Default strategy. If you are 52 years of age, 1/3 of your super will be invested in the Aggressive (MySuper) option, and 2/3 will be invested in the Balanced (MySuper) option. Find out more about our default investment strategy.
Return (see notes)1
10-year average return of 8.15% per year as at 30 June 2020.
Return target (see notes)2
Return Target for 2020-2029 of 3.91% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.
Comparison between return target and return
Past performance is not necessarily an indication of future returns. Find out more about our default investment strategy.
Level of investment risk
Likelihood of negative returns occurring 4.3 years in a 20 year period.
The higher the expected return target, the more often you would expect a year of negative returns.
Statement of fees and other costs
$646.93 per year for a member with a $50,000 balance.
It is important to understand that the amount shown for “fees and other costs” is an estimate only for a member with a $50,000 balance. The measure will be a base-level tool for consumers to compare the level of fees and other costs between different MySuper products. Please refer to the Fees and other costs document published on our website for more information on fees and costs.
The presentation of this Dashboard follows regulatory requirements. It is based on assumptions that members in the Age 52 Default Strategy were invested in the Aggressive Option in Years 1 to 8, Age 51 Strategy in Year 9 and Age 52 Strategy in Year 10. Historical measures such as past returns and target returns are calculated based on this investment cycle. However forward-looking measures such as level of investment risk and future return target are disclosed based on the Age 52 Default Strategy’s investment profile alone. Further details are provided below.
- We implemented a new MySuper investment strategy on 1 November 2017, which replaced the previous default (Balanced) with four separate strategies depending on a member’s age. For members at age 52, the strategy from that date on is a mix of 1/3 of the Aggressive (MySuper) option and 2/3 of the Balanced (MySuper) option. The financial year and ten-year average returns are shown as a mix of those two options over all time periods. One- and 10-year returns are slightly different to what is shown elsewhere, as the dashboard returns must be calculated for a member with a $50,000 balance net of investment and administration fees, indirect costs and taxes.
- Return target: It is a regulatory requirement to display ‘return target’ in this Product Dashboard. Return target is the average of annualised expected returns above inflation over ten-year periods starting at the beginning of the current financial year. This means that the return target of 3.91% above inflation is the modelled expected return with 50% probability of being achieved over ten years. This is different from the investment objective as outlined in the Investment Guide (i.e. currently 3.3% above inflation per year) as the Fund Trustee sets the objective at a level with around 65% probability of being achieved over ten years. Both measures however are based on assumptions about future returns, use the same modelling, and both are not guaranteed.