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RetireSelect Pension

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$400
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
RetireSelect Pension was established in November 2013 by MAP Funds Management Ltd. It offers a low cost retirement solution with flexible investment choices to suit members' needs.The RetireSelect Pension investment menu consists of five Diversified and Single-Sector strategies, a Cash Hub as well as Super Wrap investment options. These provide direct access to ASX300 Shares, Term Deposits and a wide selection of Exchange Trade Funds (ETFs), Listed Investment Companies (LICs), SMA model portfolios and Managed Funds. The Balanced option has underperformed the SuperRatings Index over the last three years. Long-term returns are not currently available. Fees for this product are lower than the industry average across all account balances assessed. However, a minimum administration fee of $120 pa applies to account balances under $28,572. Exit fees and switching fees are also charged, with members entitled to 2 free switches each year. Furthermore, 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 have the ability to nominate a specific pension drawdown order or pro-rata across investments. Furthermore, members can alter their pension payments online at any time, subject to minimum payment amounts required. A minimum initial investment of $20,000 is required to commence a RetireSelect Pension, and a Transition to Retirement Pension is also available. Members have access to a quick and simple application process, and can track their account information via an easy to use online portal.

Fees & fund features-0

Admin fee
Admin fee
$0
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.25%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$25
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.25%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$25
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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