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Post: GPO Box 4303, Melbourne VIC 3001
Media enquiries: Contact Adele Feletto on 0413 489 292 or email adele@adelefelettopublicity.com.au.

MyLife MySuper and MyLife MyAdvice offices

Brisbane
Level 5, 303 Coronation Drive
Milton QLD 4064
Melbourne
Level 1, 535 Bourke Street
Melbourne VIC 3000
Cairns
Suite 1, 112 Mulgrave Road
Cairns QLD 4870
Perth
St Brigid's Centre
60 John Street
Northbridge WA 6003
Canberra
Unit 3, 59 Wentworth Avenue
Kingston ACT 2604
Ringwood
Level 2, 27 Ringwood Street
Ringwood VIC 3134
Darwin
1 Dashwood Place
Darwin NT 0820
Sydney
Polding Centre
Level 7, 133 Liverpool Street
Sydney NSW 2000
Geelong
Ashby House
1 Malone Street
Geelong VIC 3220
Warrnambool
Suite 15, 715 Raglan Parade
Warrnambool VIC 3280
Hobart
35 Tower Road
New Town TAS 7008
 

 

Product (MySuper) Dashboard

Balanced (MySuper) option

The below product dashboard contains information on the MyLifeMyMoney Superannuation Fund.

Return (see notes)

10 year average return of 7.6% per year as at 30 June 2014.


 

Return target (see notes)

Return Target for 2015-2024 of 4.1% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.

Comparison between return target and return (see notes)

MySuper Dashboard Chart

Past performance is not necessarily an indication of future returns

Level of investment risk

 

Medium to High

Negative returns expected in 3 to less than 4 out of every 20 years.
The higher the expected return target, the more often you would expect a year of negative returns.

Please refer to the Product Disclosure Statement (PDS) for more information on investment risks and expected returns.

 

Statement of fees and other costs
 

$518.60 per year

Fees and other costs for a member with a $50,000 balance. It is important to understand that the amount shown in the Product Dashboard for fees and costs will not necessarily be the amount of fees and costs that are incurred for a financial year by a particular member. The measure will be a base-level tool for consumers to compare the level of fees and costs between different MySuper products.
 

Notes

The presentation of this dashboard follows regulatory requirements. The following notes may be useful.

Return:  We implemented MySuper on 1 October 2013, therefore a ten-year return for our MySuper option was not available as at 30 June 2014. The return shown above for periods prior to 1 October 2013 is sourced from MyLifeMyMoney Superannuation Fund’s Balanced option, the predecessor of MyLife MySuper’s MySuper option.

Return target:  It is a regulatory requirement to display ‘return target’ in this Product Dashboard.  Return target is the average of annualised expected returns above inflation over ten year periods starting at the beginning of the current financial year. This means that the current return target of 4.1% above inflation is the modelled expected return with 50% probability of being achieved over ten years. This is different from the investment objective as outlined in the PDS (i.e. currently 3.0% above inflation per year) as the Fund Trustee sets the objective at a level with around 65% probability of being achieved over ten years. Both measures however are based on assumptions about future returns, use the same modelling, and both are not guaranteed.

Comparison between return target and return: As the return target was only established in late 2013, the 10 year average return target has been calculated, as an indicative measure only, by retrospectively applying the current return target of 4.1% pa against the average inflation rate over the ten preceding years to June 2014.