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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
Access to over 60 direct shares
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.Members have access to a broad range of Diversified and Asset Specific investment options, as well as Direct Shares and Term Deposits. The IOOF MultiSeries 70 option underperformed the SuperRatings Index over the 5 years to 30 June 2016.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. Members are able to switch investment options without incurring a switching fee, while an exit fee is applied for withdrawals. 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 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. Members also have access to comprehensive and consolidated reporting on all investments in their account via Portfolio Online.

Fees & fund features-0

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
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