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What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

You should contact your financial adviser or this fund before making an investment decision

  • Gold
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $863 $700 $163
250k $3,950 $3,016 $934
500k $7,538 $5,720 $1,818

Investment Allocation

Intl shares 25.0%
Aus shares 30.0%
Property 10.0%
Alternative 10.0%
Fixed interest 22.0%
Cash 3.0%

Fees & Charges

Membership Fee $53
Asset Admin Fee 0.57%
Investment Fee 1.05%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 373,793
Total Assets $16,718,120,000
Year Started 1996
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by AustChoice Super - Account Based Pension

Extensive investment choice.
Efficient administration and regular communication.
Binding Death benefit nominations offered.
In specie transfers accepted.
Pension members can elect to automatically index pension payments to CPI or another discretionary percentage.
Bi-annual benefit statements.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.21%
10.64%
13.29%
17.80%
-3.64%
8.82%
Fund
Benchmark
Conservative Balanced 1.29%
1.92%
8.22%
8.25%
9.98%
11.01%
12.26%
12.60%
-0.70%
3.18%
7.66%
9.13%
Fund
Benchmark
Secure 1.36%
1.92%
2.09%
8.25%
2.69%
11.01%
3.73%
12.60%
3.64%
3.18%
4.55%
9.13%
Fund
Benchmark
Growth 1.18%
1.40%
12.74%
11.50%
16.27%
15.91%
20.59%
19.45%
-7.60%
-1.21%
7.83%
11.20%
Fund
Benchmark
Australian Shares 2.23%
1.67%
4.60%
6.75%
21.65%
18.31%
20.30%
23.30%
-9.25%
-6.67%
9.84%
12.47%
Fund
Benchmark
Overseas Shares -1.32%
-3.54%
20.45%
20.36%
17.38%
19.88%
30.03%
29.76%
-8.18%
-3.07%
3.20%
7.44%
Fund
Benchmark
Capital Stable 1.71%
2.20%
5.87%
6.35%
7.49%
8.17%
9.07%
9.14%
2.16%
4.79%
6.95%
7.97%
Fund
Benchmark
  • Legend:
  • 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.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Part of the IOOF Portfolio Service Superannuation Fund since March 2011, the AustChoice Super Account Based Pension provides a flexible option for all Australians seeking a pre or post retirement income stream. A minimum initial investment of $30,000 is required to be eligible for this product.

Members have access to an extensive investment menu comprising of Ready Made Portfolios, externally managed options, Term Deposits and Direct equities. In-specie transfers for approved share holdings are also permitted at the commencement of a pension.

After the termination of RMP funds in December 2012, members' assets are now managed via the IOOF MultiMix offering. The MultiMix Balanced Growth trust outperformed the SuperRatings Index in 2015, however long term returns are below the index.

Fees are higher than the industry average across all account balances assessed, although rebates (determined by the choice of investment option) do apply once the members' account balance exceeds $100,000. Members can also make investment switches and withdrawals free of charge.

Members can choose between 4 pension payment periods and can elect a Binding Death benefit nomination, however, pension flexibility is limited relative to many other funds.

Other features available include financial planning, secure online member access and bi-annual statements.


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