Brightday Complete PensionInformation shown is for the rated option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.69%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Master Trust-Allocated Pension|
Fund Highlights - provided by Brightday Complete Pension
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.