MYSUPER Product Dashboard

The product dashboard below provides a summary of information for the PRP MySuper option.

The product dashboard below provides a summary of information for the PRP MySuper (Balanced) option.   
 
The return target, returns and statement of fees and costs below include fees and costs for a personal division member with a balance of $50,000. If you are a member of an employer group with $750,000+ in the plan the return target and return would be higher, and the statement of fees and costs lower than the amounts shown below.
Return Target

CPI plus 2.4% per year on average over ten years. Future returns cannot be guaranteed, this is a prediction.

Return

10 year moving average return of 3.38% as at 30 June 2017
 

 


Comparison between return target and return

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Past performance is not necessarily an indication of future performance

Level of investment risk

Medium

Negative returns expected in 2 to less than 3 out of every 20 years

The higher the expected return target, the more often you would expect a year of negative returns

Statement of fees & other costs

$932 per year*

Fees and costs for a member with a $50,000 balance

*before allowing for the benefit of the tax deduction available on fees

 



Fees paid directly by a member with a $50,000 balance may range from $419 to $530 depending on the size of your employer group after allowing for the benefit of the tax deduction passed on to members

Glossary

Return Target - is an estimate of the yearly rate of return, net of fees and taxes, that exceeds growth in the CPI over a ten year period. The estimate is calculated based on a member with a $50,000 balance throughout the year in the personal division, i.e. not a member of an employer group.

CPI - the Consumer Price Index is an inflationary indicator measuring the change in the cost of a fixed basket of products and services, as reported by the Australian Bureau of Statistics.

Return - is the return of a member, net of fees, who has a $50,000 balance in their account throughout the year and does not incur any activity fees. The calculation is based on a member in the personal division, i.e. not a member of an employer group. As the return is net of fees the return may be lower than the published investment option earnings rates

Statement of fees and other costs - is an estimate of the total direct and indirect fees and costs for a member with a $50,000 balance in their account throughout the year.  The calculation is based on a member in the personal division, i.e. not a member of an employer group.  It does not reflect all fees and costs that may apply, for example insurance fees are not included.

Indirect costs - Indirect costs include amounts that directly or indirectly reduce the investment return on your member account. The estimate included in the statement of fees and costs above allows for the indirect costs of Fund managers and allocations to the Plan's Operational Risk Financial Requirement Reserve. We note the plan does not make payments directly to Fund managers, their costs are deducted before investment returns are credited to the Plan.

 

Investment or other decisions relating to your account in the Plan should be made having regard to the Plan's Product Disclosure Statement


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