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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 January 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $395 $697 -$302
250k $1,975 $2,995 -$1,020
500k $3,950 $5,682 -$1,732

Investment Allocation

Intl shares 15.0%
Aus shares 25.0%
Property 10.0%
Cash 50.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.69%
Investment Fee 0.10%
Switching Fee $24.95
Exit Fee $77
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 4,814
Total Assets $424,471,557
Year Started 2014
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Brightday Complete Pension

Research, invest, change and track investments, all online
Huge range of options - shares, managed funds, SMAs, term deposits and cash
Articles and video tutorials tailored to your experience level
Featured Funds - our selection of highest performing managed investments
Portfolio Planner - find out how you could achieve your investing objectives

What the researchers say

brightday Complete Pension was launched in December 2014 by MAP Funds Management Ltd, which is owned by OneVue. brightday Complete Pension was a finalist of the 2016 Best New Product Award in recognition of its innovative approach to providing superannuation solutions to individuals.

Members have access to 6 Diversified and Single-Sector investment options. Access to Managed Funds, Direct Shares, Term Deposits and SMA Model Portfolios is also provided, however, additional costs may be incurred. As this is a recently launched product, performance history is not currently available.

Fees for this product are well below the industry average across all assessed account balances. However, a minimum administration fee of $250 p.a. is applicable. Exit fees and switching fees are also charged, with members entitled to 2 free investment switches each year.

brightday Complete Pension members are provided with a reasonable level of flexibility, with the ability to receive their pension payments in a variety of frequencies ranging from monthly to annually. A Transition to Retirement Pension (TTR) is also available to eligible members, subject to a minimum investment of $20,000.

brightday's website contains a broad range of educational resources, featuring 18 series and over 293 articles. Members also have access to comprehensive research via brightday stock screener, featured funds as well as a portfolio planner to help them build their portfolio to achieve investment objectives.