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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.

  • Gold
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,200 $705 $495
250k $5,550 $3,036 $2,514
500k $10,100 $5,756 $4,344

Investment Allocation

Intl shares 27.0%
Aus shares 29.0%
Property 3.0%
Alternative 20.0%
Fixed interest 17.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee -0.15%
Investment Fee 2.55%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
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 1,105,742
Total Assets $32,234,475,000
Year Started 2003
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by ANZ OneAnswer Pension

Comprehensive investment menu including access to the OptiMix and MoneyForLife range of multi-manager funds.
Flexible fee options - Entry fee and Deferred Entry Fee structures available.
At call transaction pension facility via ANZ Prime Cash management Account which allows members to drawdown their pension at anytime using ANZ Bank branches, ATM's, EFTPOS and Internet Banking.
Anti-detriment payments available.
Tax effective super to pension transfers - bonus paid to refund unrealised capital gains tax and transaction.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.61%
0.25%
8.05%
11.09%
13.24%
-4.12%
Fund
Benchmark
High Growth 3.64%
3.73%
-0.58%
0.82%
9.87%
13.21%
14.93%
17.79%
19.84%
22.59%
-7.32%
-3.09%
Fund
Benchmark
Conservative Balanced 1.94%
2.30%
1.19%
3.46%
6.63%
8.25%
8.84%
11.01%
10.00%
12.60%
-0.44%
3.18%
Fund
Benchmark
Australian Shares 5.72%
6.22%
-4.26%
2.22%
3.18%
6.75%
15.87%
18.31%
23.89%
23.30%
-9.29%
-6.67%
Fund
Benchmark
Overseas Shares 0.69%
3.02%
6.50%
-2.72%
25.62%
20.36%
17.72%
19.88%
32.15%
29.76%
-6.72%
-3.07%
Fund
Benchmark
Capital Stable 1.36%
1.54%
2.26%
3.64%
5.09%
6.35%
6.12%
8.17%
6.00%
9.14%
2.55%
4.79%
Fund
Benchmark
Property 5.03%
3.12%
23.20%
13.83%
15.36%
10.92%
9.45%
10.68%
22.96%
12.91%
7.90%
7.92%
Fund
Benchmark
Cash -0.01%
0.18%
-0.07%
2.25%
0.29%
2.61%
0.33%
2.78%
1.20%
3.48%
2.35%
4.76%
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

ANZ OneAnswer Pension is a flexible retail retirement account housed on the ANZ OneAnswer Platform. Administered by OnePath, the product is now closed to new members though continues to provide income streams for retirees and members in the transitional retirement phase.

With a minimum initial investment of $20,000, members can access a comprehensive investment menu with Single Sector and Diversified funds. Rounding out the package is a solid selection of Term Deposits offering both active and passive management with maturities varying from 3 months to 5 years. Returns for the OnePath Managed Growth (NCF) option are positioned below the SuperRatings Index in 2015 and over the medium and long term.

Fees are higher than the industry average across all account balances assessed. However, the deferred ongoing entry fee reduces after 4 years. The fixed dollar fee of $48 pa is waived once the members' account balance reaches $10,000, while further fee rebates apply on balances over $100,000.

The product offers excellent flexibility with members having at-call access to their pension funds via the ANZ Prime Cash Management Account; furthermore, members can choose from 4 payment frequencies and nominate a specific investment draw down order for payments.