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Australia Post Superannuation Scheme - Allocated Pension

Past 5-year return
New fund
Admin fee
$78
Calculated Fees on 50k
$138
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
The Australia Post Superannuation Scheme Allocated Pension opened in 1997 as a superannuation offering for current and former employees of Australia Post and Australian Air Express, together with their spouses. The Australia Post Allocated Pension is designed for previous members of the defined benefit Australia Post Superannuation Scheme and is not open to the public. A limited selection of investment strategies is offered consisting of a Growth style option (called Market Return Member Savings) and a Cash option. Returns of the Cash Return Member Savings option are protected by a capital guarantee. Returns of the Market Return Member Savings are expected to return more than Cash Return Member Savings over the long term, but without a capital guarantee. The Market Return Member Savings option has undperformed the SuperRatings Index over the short and longer term.Fees associated with this product are lower than the industry average for small and medium account balances assessed. Ongoing investment management costs are paid for by the member. The Australia Post Allocated Pension provides average product flexibility, with monthly, quarterly or annual pension payment frequencies available. Members have little extra in the way of additional features on offer, although a transition to retirement pension (called Pre-Retirement Pension) is available for member's wanting to top up their salary in the lead up to retirement.

Fees & fund features

Admin fee
Admin fee
$78
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
$78
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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