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

Typical Fees

Balance This Fund Industry Average Difference
50k $345 $705 -$360
250k $1,725 $3,036 -$1,311
500k $3,450 $5,756 -$2,306

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 4,777
Total Assets $404,291,767
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

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.