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NESS Account Based Pension

Past 5-year return
9.20%
Admin fee
$78
Calculated Fees on 50k
$613
No information was provided by the fund to SuperRatings. Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
NESS Pension was established on 1 July 2008 to service the pension needs of employees in the electrical contracting, communication and associated industries in NSW. A minimum initial investment of $20,000 is required to commence membership.Members have access to a simple investment menu comprising of 6 options across a range of asset classes. The Fund's Moderate option has outperformed the SuperRating Index over the 5 years to 30 June 2016.NESS Pension's fees are lower than the industry average for all account balances assessed. Members can switch between investment options at no cost; however, an exit fee applies when leaving the Fund.Pension flexibility is in line with the industry average with a selection of 5 payment frequencies and a choice of binding, non-binding or reversionary death benefit payments. Members can also commence drawdown of their pension on approach to retirement, via the Transition to Retirement Pension.Online access, newsletters, half-yearly member statements and financial planning services are available through the fund. Members also have access to a range of additional benefits such as competitive banking products from ME Bank and discounted health insurance from NIB.

Fees & fund features-0

Admin fee
Admin fee
$78
Exit fee
Exit fee
$71
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.82%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
$78
Exit fee
Exit fee
$71
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.82%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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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