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Goldman Sachs JBWere - Account Based Pension

Past 5-year return
New fund
Admin fee
$360
Calculated Fees on 50k
$700
No information was provided by the fund to SuperRatings.
Established in 2000, Goldman Sachs & JBWere Superannuation Fund is a Corporate Superannuation Fund for employees and contractors of Goldman Sachs Australia Services Pty Ltd or National Australia Bank who work principally for JBWere Ltd. The fund's Account Based Pension opened in 2008 to provide a retirement income solution for members. Goldman Sachs & JBWere Superannuation Fund Account Based Pension offers a single default option, which aims to generate a total net return of at least 4% above inflation over a 10 year rolling period. The Trustee generally manages investments internally and has no external investment managers appointed, other than underlying wholesale managed funds in certain assets classes. The fund's Default option has outperformed the SuperRatings Index over the long term, providing members with top quartile returns.Fees associated with this product are higher than the industry average on small account balances due to a high fixed dollar administration fee is charged. However, fees across medium and large account balances are competitive relative to peers, with the asset based administration fee capped at $300 p.a. No fees are applicable for investment switches, although exit fees apply for partial withdrawals.A limited level of pension flexibility is provided to members, which includes three pension payment frequencies (monthly, quarterly and annually). Members can also choose between binding, non-binding and reversionary death benefit payment options. A minimum initial investment of $20,000 is required to commence an Account Based Pension or Transition to Retirement Account.The fund seeks to maximise members' benefits over the long term and integrates Environmental, Social and Governance (ESG) considerations. Equity investment decisions are based on cautious stock selection by investing in companies with a long term view, with reference to a number of components including ethical, competent and shareholder-oriented management.

Fees & fund features

Admin fee
Admin fee
$360
Exit fee
Exit fee
$180
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.45%
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
$360
Exit fee
Exit fee
$180
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.45%
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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