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Concept One Pension

Past 5-year return
9.78%
Admin fee
$156
Calculated Fees on 50k
$826
The fund provides members with secure online access to their account details.
Concept One was established in 1986 to look after the retirement savings of people working in education, white collar and related industries in Western Australia, with membership now open to the general public. The Pension product is aimed at providing retirees a regular income. A minimum initial investment of $50,000 is required to be eligible for this product. A transition to retirement pension is also available for those members wanting to supplement their income while working. The investment menu is limited, with 3 diversified options and a Cash investment option. The default Balanced option has outperformed the SuperRatings Index over the year to 30 June 2017.Concept One's fees are higher than the industry average across all account balances assessed; however, the administration fee is capped at $250 pa. Exit withdrawal fees apply while switches are free of charge. Members can choose from 4 payment frequencies and can make lump sum withdrawals at any time. Benefits are paid on a set date and to the member's nominated bank account. Beneficiary options include non-binding and reversionary pensions. Concept One offers a range of member communication options including online account access and phone assistance via the Fund Administrator. Members can also access a range of financial advice services through Western Financial.

Fees & fund features

Admin fee
Admin fee
$156
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.75%
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
$156
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.75%
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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