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IRIS Super Income Stream

Past 5-year return
11.00%
Admin fee
$0
Calculated Fees on 50k
$575
Low ongoing fees and no commissions.
Easy to understand investment options.
Unlimited switching for changing member needs.
Personalised customer service.
History of competitive, consistent investment performance.
IRIS Super Income Stream was originally established in 1997 to allow industry fund members to transfer their superannuation savings into a flexible income stream in retirement, and is wholly owned by a number of industry super funds. IRIS Super Income Stream closed to new members 1 July 2017.Members are offered an investment menu consisting of 4 Diversified options and 6 Sector Specialist options, including a sustainable option for ethically focused investors. The IRIS Growth option outperformed the SuperRatings Index over the 5 years to 30 June 2017. Fees are lower than the industry average across all account balances assessed, with a reduced investment management fee applicable based on members' account balances over $250,000. No investment switching or exit fees are charged, however, buy/sell spreads may apply. IRIS Super Income Stream offers good flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. The fund offers members access to financial planning services and the ability to view account details and perform transactions through the fund's website.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.00%
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
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.00%
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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