AustralianSuper is the largest superannuation fund in Australia, and is a not-for-profit fund with an industry membership base. Membership is open to anyone within Australia.
Rest Super primarily manages super savings of current and former employees within the retail sector, however it is also open to the general public.
AustralianSuper vs Rest Super: How do fees compare?
When comparing AustralianSuper and Rest Super fees, AustralianSuper has lower annual percentage based fees, with a 0.67% investment based fee, compared to Rest Super percentage based fees of 0.74%. However, AustralianSuper has a flat fee of $117, whilst Rest Super has a flat fee of $78.
AustralianSuper vs Rest Super: How does performance compare?
|Type of fund||Industry super fund not linked to any specific industry.||Industry super fund linked to the retail industry|
|Members||2.3 million||1.76 million|
|Management||Not self managed, regulated by APRA.||Not self managed, regulated by APRA.|
|Fees (Based on 50K)||$452.00 AUD||$448.00 AUD|
|Asset Allocation (Default Fund)||AustralianSuper Balanced:International Shares - 31% Australian Shares - 21% Infrastructure - 13.5%||Core Strategy:Overseas Shares - 32% Australian Shares - 23% Debt - 16%|
|Performance (Default Fund)||AustralianSuper Balanced: 1 Year: 18.81%3 Year: 9.27%5 Year: 10.04%||Core Strategy: 1 Year: 16.37%3 Year: 7.02%5 Year: 7.92%|
|Review my Super Ranking||Ranked 2nd by performance over the past 5 years out of 45 funds.||Has not made top performing funds lists.|
How does AustralianSuper and Rest Super insurance compare?
Insurance is also an important factor to consider when looking at superannuation options, as some funds may also provide insurance cover – such as life cover and TPD insurance. Insurance fees will affect your super balance, so ensuring you’re happy with the deal you have is vital.
Based on ratings from Omnilife, AustralianSuper and Rest Super both received an insurance rating of 66/100 for their insurance options.
Interested in seeing how AustralianSuper and Rest Super compared to other popular Australian funds? Review My Super provides valuable insights on the best and worst performing Australian super funds, so that you can make informed decisions on where you invest your money.
Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU!