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Asgard Elements Allocated Pension Account

Past 5-year return
9.09%
Admin fee
$50
Calculated Fees on 50k
$1,030
Flexible pension payment options.
Asset transfer between super and pension accounts.
Online capabilities for investors and advisers.
Investment rebates available for many funds.
Extensive investor education tools and materials.
Asgard Elements Allocated Pension Account is a MySuper product that was established in 2004. The product is a subsidiary of Westpac Group, and has been designed to provide members with a wide range of managed funds. Members can select from an extensive investment menu featuring five Diversified and six Single Sector Multi-Manager funds as well as over 60 Single Manager funds. The Advance Balanced Multi Blend Fund has underperformed the SuperRatings Index over the five years to 30 June 2017; however, the extensive investment menu means returns will vary depending on the option and manager selected. Fees for Asgard Elements Allocated Pension Account are higher than the industry average across all assessed account balances. An additional Cash Balance fee of 1.45% will also apply and is subject to minimum balance requirements. No fees are charged for investment switches; however, a buy-sell spread will apply. The Asgard Elements Allocated Pension provides good flexibility. Members pension payment can be made monthly, quarterly and annually. Members can nominate a drawdown strategy or have their pension payments drawn proportionately from their account. Members have access to consolidated transaction reporting from various managers and listed entities as well as periodic annual and investor reports.

Fees & fund features

Admin fee
Admin fee
$50
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$50
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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