Advertisement
What the Researchers Say:

A "good value for money" fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

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

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

Typical Fees

Balance This Fund Industry Average Difference
50k $1,137 $697 $440
250k $4,957 $3,005 $1,952
500k $8,857 $5,703 $3,154

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 $182
Asset Admin Fee 0.85%
Investment Fee 1.06%
Switching Fee $0
Exit Fee $133.25
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

Total Assets $23,851,959,000
Year Started 1996
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by IOOF Employer Super Pension

Extensive Investment menu. Bi-annual benefit statements.
Online access to account details via the IOOF Employer Super including the ability to update personal details, trade in equities and switch managed funds.
Pension members can elect to automatically index pension payments to CPI or another discretionary percentage.
Pension is available as a transition to retirement pension.
In-specie transfer of share holdings available prior to commencement of pension.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 2.84%
3.24%
10.64%
13.29%
17.80%
-3.64%
Fund
Benchmark
Conservative Balanced 1.76%
2.53%
3.38%
3.46%
8.22%
8.25%
9.98%
11.01%
12.26%
12.60%
-0.70%
3.18%
Fund
Benchmark
Secure 0.76%
2.53%
1.65%
3.46%
2.09%
8.25%
2.70%
11.01%
3.73%
12.60%
3.64%
3.18%
Fund
Benchmark
Growth 3.57%
4.39%
3.39%
2.80%
12.74%
11.50%
16.27%
15.91%
20.59%
19.45%
-7.60%
-1.21%
Fund
Benchmark
Australian Shares 5.49%
6.02%
3.32%
2.22%
4.60%
6.75%
21.65%
18.31%
20.30%
23.30%
-9.25%
-6.67%
Fund
Benchmark
Overseas Shares 4.53%
5.56%
1.27%
-2.72%
20.45%
20.36%
17.38%
19.88%
30.03%
29.76%
-8.18%
-3.07%
Fund
Benchmark
Capital Stable 1.23%
1.57%
3.59%
3.64%
5.87%
6.35%
7.49%
8.17%
9.07%
9.14%
2.16%
4.79%
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 30/06/2016, 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

IOOF Employer Super is a Division of the IOOF Portfolio Service Superannuation Fund and is a lifetime portable super solution that provides members with extensive choice and flexible features.

Members have access to a comprehensive investment menu, including ready-made portfolios, managed funds, direct share and term deposits. The MultiMix Balanced Growth Trust underperformed the SuperRatings Index over the 5 years to 30 June 2016.

Fees are higher than the industry average across all assessed account balances; however, a reduced administration fee is applicable on account balances over $250K. Members are able to switch investment options without incurring a switching fee, while an exit fee is applied for partial withdrawals, with the first lump sum withdrawal per financial year offered free of charge.

IOOF Employer Super Pension provides reasonable flexibility, with members having the ability to receive payments monthly through to annually, on a date set by the fund. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.

A range of online tools and educational resources are available through the fund's website. IOOF Online allows members to view and updated account details, as well as perform transactions, including switching investments and buying and selling listed and managed investments.


Other Funds Promoted