Regulatory Information & Product Dashboard

The following material provides information on the governance and operation of Intrust Super

Board of Directors

Executive Officers

Executive Officers

Disclosure Documents

Disclosure Documents

Annual Reports

Annual Reports
Financial Reports and Statements

 

Records and Registers
Policies

 

Governing Documents

 

Core Super | MySuper product dashboard

This dashboard is for the MySuper option. Dashboards for other investment options will become available soon.

Comparison Returns target

Target net returns*

This option aims to deliver returns of 5% greater than inflation over any rolling ten year period. The target return for 2017-2026 is CPI** + 5% per year. This is a target only, future returns cannot be guaranteed. See the glossary for more explanation.

 

Actual net returns***

The 10 year compound annualised return for this option was 5.42% as at 30 June 2016.

For more up to date returns please visit Our Unit Prices & Returns page.

Actual net returns vs target

Past performance is not an indicator of future performance.

 

Statement of fees and other costs^

A typical member with a $50,000 balance and who contributes $5,000 every year would incur fees and other costs of $523 per year.

 

Level of investment risk^^

This option is considered to be medium to high risk. In any 20 year period, it is expected to deliver 3.96 years of negative returns.

 

Glossary

*Target net returns

Intrust Super has set an investment return objective for the Core Super | MySuper Strategy of CPI + 3% per annum over rolling ten year periods. The objective forms the basis from which the Trustee sets an investment strategy and monitors investment performance. The Return Target shown in this Product Dashboard is different from that objective and is calculated in accordance with the requirements that apply to MySuper.

The Return Target is the mean annualised estimate of return over ten years above CPI, after deducting investment and administration fees, costs and taxes. These estimates and assumptions may change over time. It is not a guaranteed return. Returns are driven by investment earnings such as share dividends, interest payments on bonds and loans and increases or decreases in asset prices. “Net returns” refers to the returns an investment delivers after fees and costs have been factored in.

Super funds have a returns target, which is the return they are aiming to achieve. The actual return they achieve may be different to the returns they target. Returns are unpredictable.

Inflation refers to the general increase in the prices of goods and services (such as groceries, fuel, rent and electricity) over time. It’s measured by the Australian Bureau of Statistics (ABS) and is used as a gauge to track increases or decreases in the cost of living. Inflation is important in terms of super, because $100 might purchase a lot less in 10 years than what it does today. This means that it’s desirable for net returns to exceed inflation.

 

**CPI

CPI stands for Consumer Price Index. This is an index that tracks the movement around 100,000 prices of goods and services, collected and compiled by the ABS. This index is used to calculate inflation over various time periods. If the index is higher next year than it is today, it means there is positive inflation over the year.

 

***Actual net returns

As mentioned above, the actual returns a super fund achieves may be different from the returns targeted.

The blue columns in the chart plot the one-year returns to 30 June in each of the years listed along the horizontal axis.

Each point on the green line indicates the average annual return over the 10 years to the date at that point. The line therefore represents the moving 10 year average.

Each point on the red line indicates the average target annual return over the 10 years to the date at that point. The line therefore represents the moving 10 year average target return.

 

^Statement of fees and other costs

To make fees comparable across funds, a sample “type” of member has been designed/nominated by APRA, a Government body. Specifically, it is an imaginary member who is assumed to have a $50,000 account balance, invested in the MySuper investment option and makes $5,000 in contributions every year. In accordance with the guidelines issued by APRA, we have provided the estimated fees and costs for such a member.

 

^^Level of investment risk

This is a Standard Risk Measure that is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20-year period. The Standard Risk Measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member requires to meet their objectives. Further, it does not take into account the impact of fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option(s).

For more information about the investment choices available to members, please visit our Investment Options page.