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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 adviser or this fund before making an investment decision..

  • Silver
Awards
Fund data valid as of March 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $1,220 $683 $537
250k $5,700 $2,914 $2,786
500k $10,400 $5,526 $4,874

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 -0.11%
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

Total Assets $34,387,000,000
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.
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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 6.70%
0.25%
8.04%
11.09%
13.24%
-4.12%
Fund
Benchmark
High Growth 10.50%
12.14%
-0.58%
0.82%
9.87%
13.21%
14.93%
17.79%
19.84%
22.59%
-7.32%
-3.09%
Fund
Benchmark
Conservative Balanced 4.41%
6.65%
1.19%
3.46%
6.63%
8.25%
8.84%
11.01%
10.00%
12.60%
-0.44%
3.18%
Fund
Benchmark
Australian Shares 12.27%
14.98%
-4.26%
2.22%
3.18%
6.75%
15.87%
18.31%
23.89%
23.30%
-9.29%
-6.67%
Fund
Benchmark
Overseas Shares 6.91%
12.63%
6.50%
-2.72%
25.62%
20.36%
17.72%
19.88%
32.15%
29.76%
-6.72%
-3.07%
Fund
Benchmark
Capital Stable 2.30%
4.43%
2.26%
3.64%
5.09%
6.35%
6.12%
8.17%
6.00%
9.14%
2.55%
4.79%
Fund
Benchmark
Property 0.94%
4.84%
23.20%
13.83%
15.36%
10.92%
9.45%
10.68%
22.96%
12.91%
7.90%
7.92%
Fund
Benchmark
Cash -0.32%
1.47%
-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 30/06/2016, 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.

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 is a comprehensive fee for service advice solution offered by OnePath, ANZ's brand for wealth, insurance and advice. ANZ OneAnswer Pension is closed to new members and is only available to existing investors as at 1 July 2013.

ANZ OneAnswer provides members with access to a comprehensive investment menu comprising OptiMix Manage the Managers funds and OnePath Diversified Multi-manager funds, as well as a range of Term Deposits. The OnePath Managed Growth (NCF) option has underperformed the SuperRatings Index over the short and long term.

Fees are higher than the industry average across all account balances assessed; however, the dollar based administration fee is waived on account balances in excess of $10K, while rebates may apply to account balances over $100K and an additional rebate is applied to all account balances after four years of each investment.

ANZ OneAnswer offers good flexibility, with members having the ability to receive payments monthly through to annually and members able to choose from multiple payment dates. Members with more than one investment option can nominate the options from which payments are to be drawn. Members are furthermore able to invest in ANZ Prime CMA which provides at-call access to pension funds like a regular bank account. Beneficiary options include non-lapsing binding death benefit nomination and reversionary pensions.

Financial planning services are available and members are able to track and manage their accounts online.