Product Capabilities – TTS Outcomes
The challenge for MySuper trustees is to lift the whole of fund projected retirement balance (yellow line) as high as possible within acceptable risk parameters.
The average TTS whole of fund benefit is summarised by the shaded area in the graph below (35+%).
The data is from the TTS Prototype and forms part of the Customised Report provided to trustees on a whole of fund average outcome basis.
In the absence of an agreed industry benchmark, the whole of fund 35+% benefit is homogenised across each age group until their retirement. The allocation of that 35+% depends upon fund characteristics.
At age 18, the current average balance of MySuper members is $4,212 and projected retirement balances average is currently $258,127. The TTS whole of fund estimated average outcome is lifted to $371,120 (44%).
At age 35, current balances average $143,179 and projected retirement balances currently average $800,560. The TTS whole of fund average outcome is lifted to $1,009.350 (26%).
At age 55, balances average $230,368 and projected retirement balances currently average $428,708. The TTS whole of fund average outcome is lifted to $463,138 (8%) and sequencing risk is managed below current levels.