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Virgin Money

Virgin Money Super - LifeStage Tracker

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No. of members: 15365
Fund size: $810m
Public offer:
Product type: Master Trust-MySuper
Target market: All Industries
Year started: 2016
announcement

RateCity Says: This super fund assigns a "path" to your savings based on your birth year, and adjusts your investments based on your life stage to help better manage your retirement assets.

Awards

Winner of SuperRatings Platinum 2021 MySuper

Past 5-year return
New

% p.a

Admin fee

$58

Calc fees on 50k

$368

SuperRatings awards
SuperRatings Platinum 2021 MySuper
Go to site
Past 5-year return
New

% p.a

Admin fee

$58

Calc fees on 50k

$368

SuperRatings awards
SuperRatings Platinum 2021 MySuper
Go to site
Go to site

Quick superannuation review

For Virgin Money Super - LifeStage Tracker

These are the benefits of this superannuation.

  • One of the lowest fees in the market.
  • Simple and straightforward investment options including a LifeStage TrackerĀ® option.
  • Automatic Insurance cover with a pre-approved level of Death and TPD cover based on your age.
  • Access to your super 24/7 with the ability to make changes instantly to your investment mix; plus online consolidation in less than 10 minutes.

Virgin Money Super is a plan within the Mercer Super Trust, designed to provide a default structure for superannuation investments with competitive fees to optimise retirement incomes for members across all industries.Virgin Money Super LifeStage Tracker is the fund's MySuper offering, which is a whole of life investment strategy that adjusts underlying asset allocations according to a member's age, gradually 'gliding' from a growth-oriented investment strategy to a defensive-oriented strategy. The LifeStage Tracker Born 1959-1963 option outperformed the SuperRatings Index over the 1- and 3-year periods to 30 June 2020.Fees are competitive and lower than the industry average across all account balances assessed. Eligible members can apply for a reduced asset-based administration fee via the 'Virgin Money Super Baby Break' program for a maximum of 12 months. Members can switch investment options at no cost.A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members upon joining the fund. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection (IP) with a benefit period of 2 years, covering up to 75% of salary, is available following a 90-day waiting period. Members have access to a free Simple Super Advice service, as well as comprehensive financial planning services provided through Mercer Financial Advice. Online account access allows members to check their account balance and investment performance, as well as make investment changes.

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Superannuation overview

For Virgin Money Super - LifeStage Tracker

TMD

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$58

Administration fee (%)

0.39%

Switching fee

$0

Investment fee

0.116%

Indirect cost ratio (%)

0.11%

Exit fee

$0

Target Market Determination

Visit Virgin Money to view Target Market Determination.

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Fund fees vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Fund past-5-year return vs. Industry average
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INDUSTRY AVERAGE
Investment allocation
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AUSTRALIAN SHARES
PROPERTY
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FIXED INTEREST
CASH
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Investment option performance
BALANCED
CONSERVATIVE BALANCE
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+ View additional option performance information