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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 June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,158 $706 $452
250k $3,672 $3,047 $625
500k $6,905 $5,779 $1,126

Investment Allocation

Intl shares 12.5%
Aus shares 25.0%
Alternative 22.5%
Fixed interest 37.5%
Cash 2.5%

Fees & Charges

Membership Fee $696
Asset Admin Fee 0.00%
Investment Fee 0.92%
Switching Fee $20.50
Exit Fee $0
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

Membership 74,222
Total Assets $13,069,261,000
Year Started 2011
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Macquarie Wrap - Pension Consolidator

Extensive investment menu including direct listed securities investments
Portfolio-based pricing
Rich adviser functionality
Premium service
Individual tax processing
Individual client Holder Identification Numbers
Fully functional cash account

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.12%
2.12%
Fund
Benchmark
Diversified Fixed Interest 5.86%
5.02%
5.86%
5.02%
Fund
Benchmark
Capital Stable 1.25%
3.64%
1.25%
3.64%
Fund
Benchmark
Property 23.99%
13.83%
23.99%
13.83%
Fund
Benchmark
Cash 1.77%
2.25%
1.77%
2.25%
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

Macquarie Wrap - Pension Consolidator is part of the Consolidator suite of Wrap products offered by Macquarie Investment Management Limited and is designed for members who have advisers to assist them with personal advice in respect to their investments.

Members are able to access an excellent range of investment options, including over 500 managed investments, Australian listed securities, a variety of term deposits and Separately Managed Account (SMA) Model Portfolios. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices.

Fees are higher than the industry average across all account balances assessed; however, a reduced administration fee applies to account balances over $200,000. Additional SMA administration and Cash Hub administration fees may apply. There are no exit fees, while a switching fee is charged to changing investment options and participating in corporate actions.

Macquarie Wrap - Pension Consolidator offers a reasonable level of flexibility with a choice of 4 pension payment frequencies. Beneficiary options are comprehensive, including non-lapsing binding and non-binding death benefit nominations, as well as reversionary pensions and child pensions.

Members and their adviser can track investments and access comprehensive reports online, while online trading is also available to advisers. Additionally, members have access to an automatic rebalancing facility to ensure their account stays in-line with their investment strategy.


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