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GESB Retirement Income Allocated Pension

Past 5-year return
9.66%
Admin fee
$0
Calculated Fees on 50k
$285
3 payment frequencies.
Commutations.
Annual retirement rewards seminars, including Federal budget updates.
GESB Super is the largest Western Australian based super provider and the fund administers the super and retirement savings of current and former WA public sector workers. GESB Retirement Income Allocated Pension has achieved a Platinum rating for the past 11 consecutive years. The fund offers a range of 9 investment options to choose from, providing members with access to 4 'Readymade Plan' options and 5 'Mix Your Plan' options. The Balanced Plan underperformed the SuperRatings Index over the 5 years to 30 June 2017, although historical returns across most other options have been competitive.Fees are competitive and lower than the industry average across all account balances assessed. No fees are charged for switching investments; however, an exit fee applies to partial and full withdrawals. GESB Super provides reasonable flexibility, with members having the ability to receive payments monthly, quarterly or annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are limited, with only reversionary pensions available. Members have access to numerous retirement planning seminars and a face-to-face 'Retirement Options Service', which is designed to provide factual information regarding GESB's unique schemes. Other benefits include online fact sheets, calculators, educational videos and live Webinars provided through the fund's website. GESB's Member Online further allows members to view and update their account details.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$52
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
$0
Exit fee
Exit fee
$52
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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