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
  • Best New Innovation/Product Finalist
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $345 $708 -$363
250k $1,725 $3,049 -$1,324
500k $3,450 $5,778 -$2,328

Investment Allocation

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

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.59%
Investment Fee 0.10%
Switching Fee $24.95
Exit Fee $77
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 4,616
Total Assets $393,144,432
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
Eureka Report insights - share recommendations and expert commentary
Featured Funds - our selection of highest performing managed investments
Portfolio Planner - find out how you could achieve your investing objectives

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

What the researchers say

In partnership with Eureka Report, brightday Complete Pension was launched in December 2014 by MAP Funds Management Ltd, which joined OneVue in February 2014. brightday Complete Pension was a finalist of the 2016 Best New Product Award in recognition of its innovative approach to providing retirement solutions to individuals.

Members have access to 5 Diversified investment strategies and a Cash option. Access to Managed Funds, Direct Shares, Term Deposits and SMA Model Portfolios is also provided, although these entail additional costs. As this is a recently launched product, performance history is not currently available.

Fees associated with this product are rated as excellent across all assessed account balances. Transaction fees apply for withdrawals and switches, with members receiving two free investment switches per year. A minimum administration fee of $250 p.a. is also applicable.

brightday Complete Pension members have the flexibility of receiving their pension payments in a variety of frequencies ranging from monthly to annually. A Transition to Retirement Pension (TTR) is also provided for eligible members.

brightday's website contains interactive features and a broad range of educational resources. Members also have access to comprehensive research via Eureka Report, which includes investment reports, stock recommendations and general advice on portfolio optimisation.

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