RetireRight Account-based PensionInformation shown is for the rated option.
What the Researchers Say:
A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial advisor or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.60%|
|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 RetireRight Account-based Pension
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- Outperformed average
- Underperformed average
- Negative returns
Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.
Benchmark investment information - how performance is measured
To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.
Percentage of Growth Assets
What the researchers say
YellowBrickRoad Pension, originally known as RetireRight Pension, was established in April 2013 by MAP Funds Management Ltd. It offers a low cost retirement solution with flexible investment choices to suit members??? needs.
Members are provided with 3 professionally managed diversified investment strategies and a range of Self-Managed investment options, which offer access to Managed Funds, SMA Model Portfolios and Term Deposits. The 50/50 Option has underperformed the SR25 Conservative Balanced Index over the last three years. Long-term returns are currently not available.
Fees associated with this product are lower than the industry average across all account balances assessed. A minimum administration fee of $75 pa applies to account balances under $15,000. No switching fees are charged, although transactional costs may be incurred when changing investment options. However, exit fees apply for full withdrawals. An ongoing advice fee may also be applicable and can be negotiated with the financial adviser.
A reasonable level of pension flexibility is provided, including a choice of 4 payment frequencies ranging from monthly to annually. Members can also nominate a specific pension drawdown order or pro-rata across investments. A minimum initial investment of $20,000 is required to commence a YellowBrickRoad Pension, and a Transition to Retirement Pension is also available.
Members have access to a quick and easy application process and can track their account information via the Pension online portal. A comprehensive financial advice service is also available via the YellowBrickRoad financial adviser network.