Superannuation - Page 5

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

The Superannuation Star Ratings were awarded in November 2024. The results don’t include every provider in the market and we may not compare all features relevant to you. Current fees and performance information are displayed and may be different to what was rated. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Superannuation Star Rating Methodology. The rating shown is only one factor to take into account when considering products. Check current product details and investment options with the product issuer. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

TMDs are compulsory for most financial products. TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer. Canstar takes this responsibility seriously. As a distributor, we periodically review the TMDs of products we list on our website to help ensure our distribution channels are likely to result in the products reaching consumers within the relevant target market. This is one of the reasonable steps we take to comply with our obligations.

We recommend that you consider the TMD before making a purchase decision. Not all policies provide cover for common business purposes such as rideshare, delivery of goods and services, including food delivery, and taxi hire services. If you use your car for any of these purposes, check the insurance provider’s policy documentation carefully to ensure you are covered for your situation.  Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Consider the Product Disclosure Statement and Target Market Determination (TMD), before making a purchase decision. Contact the product issuer directly for a copy of the TMD. For more information, read our Detailed Disclosure.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

The age group you selected is used to provide the results in the table, including fee, performance and asset allocation based on the investment profile in the Canstar Superannuation Star Ratings methodology. Consider your own level of risk comfort when you review the asset allocation as your preference may not match the profile shown. Some providers use different age groups for their investment profiles which may result in you being offered or eligible for a different product to what is displayed in the table. See here for more details.

Australian Retirement Trust Super Savings’ allocation of funds for investors aged 55-99 differs from Canstar’s methodology – see details here. The Australian Retirement Trust Super Savings (formerly Sunsuper for Life) product may appear in the table multiple times. While you will not be offered any single investment option, this is to take into account the different combinations of investment options Australian Retirement Trust may apply to your account based on your age. For more detail in relation to the Australian Retirement Trust Super Savings (formerly Sunsuper for Life) product please refer to the PDS issued by Australian Retirement Trust for this product.

Investment profiles applied initially may change over time in line with an investor’s age. See the provider’s Product Disclosure Statement and in particular applicable age groups for more information about how providers determine their investment profiles.

The performance and fee information shown in the table is for the investment option listed in the table above the performance and fee information and used by Canstar in rating the Superannuation product (where the product has a Star Rating). Performance information shown is for the historical periods displayed when hovering on the ‘1 year return’ and 5 year return' headings in the comparison table and investment options noted in the table information. Performance figures shown reflect net investment performance, i.e. net of investment tax, investment management fees and the applicable administration fees based on an account balance of $50,000. To learn more about performance information, click here. Performance data may not be available for some products. This is indicated in the tables by a note referring the user to the product provider, or by no performance information being shown.

Please note that all information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise.