BOC Super - PensionInformation shown is for the rated option.
What the Researchers Say:
An Other rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.20%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Corporate-Allocated Pension|
Fund Highlights - provided by BOC Super - Pension
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||Comparison|
- Outperformed average
- Underperformed average
- Negative returns
Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.
Benchmark investment information - how performance is measured
To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.
Percentage of Growth Assets
What the researchers say
BOC Super is a corporate fund that was established in 1937 to provide retirement benefits to employees of BOC Gases. The pension division was established in 2001 and a minimum initial investment of $25,000 is required to commence a pension account.
The fund offers a simple investment menu consisting of 3 Diversified options, in addition to a Cash option. The default Moderate option has outperformed the SuperRatings Index over the short and long term.
Fees associated with this product are lower than the industry average for all account balances assessed. Members are entitled to 1 free investment switch per year and additional investment costs apply to further switches.
The BOC Super Allocated Pension provides below average flexibility. Pension payments are made monthly to the member's nominated bank account and members are only permitted one lump-sum withdrawal per quarter. The fund has recently introduced binding death nominations.
Members are able to view their account details and perform transactions via BOC Super's website, as well as accessing a member newsletter and some educational materials.