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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 February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $445 $709 -$264
250k $2,225 $3,052 -$827
500k $4,450 $5,781 -$1,331

Investment Allocation

Intl shares 25.0%
Aus shares 30.0%
Property 10.0%
Alternative 5.0%
Fixed interest 25.0%
Cash 5.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.34%
Investment Fee 0.55%
Switching Fee $0
Exit Fee $0
Account Size Discount No
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 2011
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by IOOF Pursuit - Focus Allocated Pension

Only $10,000 minimum investment required
Access to term deposits and over 35 investment options.
Transparent fees - one administration fee regardless of how many times the member transacts on their account.
Members can track their investment online through Portfolio Online.
Comprehensive and consolidated reporting.
Switchability between products.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -0.42%
10.94%
13.76%
19.10%
-2.34%
8.45%
Fund
Benchmark
Conservative Balanced -0.03%
-0.66%
8.71%
8.25%
10.70%
11.01%
13.60%
12.60%
Fund
Benchmark
Secure 1.08%
-0.66%
4.30%
8.25%
7.27%
11.01%
7.67%
12.60%
5.63%
3.18%
7.66%
9.13%
Fund
Benchmark
Diversified Fixed Interest 1.57%
2.08%
4.21%
4.29%
6.76%
6.40%
6.41%
4.74%
9.10%
9.58%
Fund
Benchmark
Growth -1.04%
-2.62%
12.79%
11.50%
16.40%
15.91%
21.52%
19.45%
-5.14%
-1.21%
9.07%
11.20%
Fund
Benchmark
Australian Shares -3.61%
-5.45%
4.61%
6.75%
18.89%
18.31%
20.42%
23.30%
-9.45%
-6.67%
11.10%
12.47%
Fund
Benchmark
Capital Stable 0.55%
0.40%
6.51%
6.35%
8.41%
8.17%
10.37%
9.14%
4.19%
4.79%
7.83%
7.97%
Fund
Benchmark
Cash 1.40%
1.47%
2.81%
2.61%
3.71%
2.78%
5.21%
3.48%
6.27%
4.76%
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

Initially established in 2006, the IOOF Pursuit suite consists of "Core", "Select" and "Focus" super and pension products, having added the "Focus" range in October 2011.

The IOOF Pursuit product suite offers members the ability to switch their superannuation back and forth between all three product suites (super and pension) under the IOOF Pursuit banner. This can be done without selling assets and incurring Capital Gains Tax. This facility provides members with more control over their super, enabling them to reduce fees and maximise savings as their account balance and needs change.

With a minimum investment of $10,000, IOOF Pursuit Focus Allocated Pension provides a sound choice of Multi and Asset Specific options including the IOOF MultiMix options. The IOOF Multi Series Balanced Growth Trust outperformed the SuperRatings Index in 2015, however, long term returns lag the index.

Fees are competitive across all account balances assessed. Furthermore, members can make investment switches and withdrawals free of charge.

The product is flexible with a choice of 5 pension payment frequencies. Death benefit choices include binding and non-binding nominations, as well as reversionary and child pension options. Portfolio Online, IOOF's online portfolio management tool, provides members with 24 hour access to their account, while a full financial planning service on a fee-for-service basis is also available.


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