Queensland's recent State of Origin rugby league dominance over New South Wales is mirrored in MySuper performance, Rainmaker's latest superannuation analysis shows.
Over one, three and five years, more Queensland-based MySuper products have landed in the top 10 performers nationally than New South Wales-based counterparts (see Table 1). The Blues (NSW) do win when it comes to 10-year MySuper performance.
It should be recognised that tonight's State of Origin rugby league match is being played at the Melbourne Cricket Ground, and Victorian-based MySuper products would also account for large portions of the top performing products.
Table 1. MySuper products in top 10 by state
| ||One year ||Three years ||Five years ||10 years |
|New South Wales (NSW) ||1 ||1 ||0 ||1 |
|Queensland (QLD) ||4 ||3 ||3 ||0 |
But let's get back to the Blues and the Maroons.
When it comes to MySuper fees, NSW and QLD products are evenly matched at an average total fee of 1.24% and 1.23% respectively. For what it's worth, NSW has the most expensive and cheapest MySuper product between the two states.
On average, a 25-year-old will pay more per week for Death and Total and Permanent Disablement (TPD) insurance in a NSW superannuation fund. Again NSW has the most expensive and cheapest MySuper product when it comes to life insurance.
Lastly, NSW has more funds (84 versus 16) and more members (9.8 million versus 2.2 million). However, on average Queensland funds have larger memberships.
One of the industry success stories of this year's State of Origin series is Intrust Super, inking a deal to sponsor the Queensland Maroons for the next five years.
Intrust Super is also the naming rights sponsor of Queensland's and New South Wales' premier statewide rugby league competitions - the Intrust Super Cup.
The State of Origin deal was announced in November 2017, and Intrust Super chief executive Brendan O'Farrell said at the time the new Maroons' partnership was a natural progression.
"Intrust Super Cup is widely regarded as one of the highest performing competitions globally, being the breeding ground for many State of Origin superstars," O'Farrell said.
Queensland Rugby League managing director Robert Moore said he's seen first-hand "just how passionate O'Farrell and his team are about the clubs and local communities involved in the Intrust Super Cup."