IOOF Portfolio Service - Allocated Pension

Past 5-year return
10.47%
Admin fee
$84
Calculated Fees on 50k
$1,009
Simple establishment and administration of the member's pension account.
Ability to diversify portfolio by selecting from over 180 managed funds from over 25 leading fund managers.
Fee aggregation between multiple IOOF Portfolio service accounts.
Access to an online portfolio management tool, Portfolio Online, allowing members to track their superannuation including online switching and reporting functionality.
IOOF Portfolio Service Allocated Pension is designed for individuals seeking a diverse choice of managed fund investments options without having to set up their own self-managed fund. This product is closed to new members. The investment menu consists of 'Easy Choice', 'Premier Investor Choice', 'Investor Choice' and 'Direct Share Choice' options, providing members with access to an extensive range of Diversified and Single Sector multi-manager options, as well as listed shares, term deposits and annuities. The IOOF MultiSeries 70 option underperformed the SuperRatings Index over the 5 years to 30 June 2017. Fees are higher than the industry average across all account balances assessed; however, a reduced administration fee is applicable on account balances over $100K, with the dollar based member fee waived on account balances over $150K. An exit fee is applicable for withdrawals, while investment switches can be made at no cost.IOOF Portfolio Service Allocated Pension provides good flexibility, with members having the ability to receive payments twice-monthly through to annually, on a date set by the fund. Pension payments can be indexed each year by a specific percentage or in-line with CPI. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions. A range of online tools, calculators and educational resources are available through the fund's website. Portfolio Online provides members with secure online access to their account, as well as the ability to generate comprehensive and consolidated reporting on their investments.

Fees & fund features

Admin fee
Admin fee
$84
Exit fee
Exit fee
$78
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
$84
Exit fee
Exit fee
$78
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
Company
Product
Past 5-year return
Admin fee
Past 5-year return
Calculated Fees on 50k
Features
SuperRatings awards
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