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What the Researchers Say:

A "reasonable value for money" superannuation 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.

  • Silver
  • Rising Star Finalist
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $485 $707 -$222
250k $2,425 $3,049 -$624
500k $4,850 $5,783 -$933

Investment Allocation

Intl shares 22.5%
Aus shares 27.5%
Property 10.0%
Alternative 10.0%
Fixed interest 20.0%
Cash 10.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.72%
Investment Fee 0.25%
Switching Fee $24.95
Exit Fee $77
Account Size Discount No
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 2013
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by RetireSelect Pension

Low fees, simple fee structure
Online account setup and management
Simple core investment options, plus Self-Managed Investment Options
Easy to use online member portal
Comprehensive financial advice available

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.35%
8.62%
12.99%
Fund
Benchmark
Conservative Balanced 2.88%
3.85%
6.71%
8.25%
11.12%
11.01%
Fund
Benchmark
Growth 3.60%
4.21%
9.70%
11.50%
15.27%
15.91%
Fund
Benchmark
Capital Stable 4.22%
3.63%
5.20%
6.35%
7.78%
8.17%
Fund
Benchmark
Cash 2.04%
2.08%
3.12%
2.61%
3.26%
2.78%
Fund
Benchmark
  • Legend:
  • 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 30/06/2015, 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.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

RetireSelect Pension was established in November 2013 and issued by MAP Funds Management Ltd, which joined OneVue in February 2014. OneVue was a finalist for the 2016 Rising Star Award, in recognition of its consistent improvements to its product offerings which have significantly enhanced value for its members. RetireSelect Pension is a public offer fund allowing any eligible member of the public to commence a retirement income stream.

Members have access to five Diversified and Single-Sector strategies, as well as a range of Select investment options. These provide access to ASX300 Shares, ETFs, Listed Investment Companies (LICs), Term Deposits, SMA model portfolios, managed funds and a Cash Clearing Account. The Balanced option under-performed the SuperRatings Index in 2015. Long-term returns are not currently available.

Fees associated with this product are lower than the industry average across all account balances assessed. Transaction fees apply for investment switches and withdrawals.

RetireSelect Pension members are provided with a reasonable level of flexibility, including a choice of 4 payment frequencies ranging from monthly to annually. Pension payments can be drawn down either proportionally or according to a nominated order. A minimum initial investment of $20,000 is required to commence a RetireSelect Pension, and a Transition to Retirement Pension is also available. Members can alter their pension payments online at any time, subject to minimum payment amounts required.

Members have access to a quick and simple application process, and can track their account information via an easy to use online portal.


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