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||0.59%|
|Account Size Discount||Yes|
|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
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.