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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 April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $847 $700 $147
250k $2,892 $3,016 -$124
500k $5,450 $5,720 -$270

Investment Allocation

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

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.77%
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 1999
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Macquarie Wrap - Pension Manager

Extensive investment menu including direct listed securities investments
Holding-based pricing
Rich adviser functionality
Premium service
Individual tax processing

What the researchers say

Macquarie Wrap - Pension Manager is part of the Manager 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 lower than the industry average across medium and large account balances assessed. The administration fee applies to holdings in each investment, with a reduced administration fee applicable to balances over $50,000. An additional SMA administration fee may apply for holdings in a SMA. There are no exit fees, while a switching fee is charged to changing investment options and participating in corporate actions.

Macquarie Wrap - Pension Manager 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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