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OnePath OptiMix Allocated Pension

Past 5-year return
7.91%
Admin fee
$0
Calculated Fees on 50k
$1,360
Choice of 12 OptiMix Investment funds, 5 diversified and 7 asset specific options.
Entry Fee and Nil Entry Fee options with rebates.
Switching between investment options does not incur a fee.
Member fee only applies to account balances under $10,000.
Online account information, statements, annual reports, switch processing via account access.
Minimum initial investment $20,000.
OptiMix Allocated Pension is a flexible retail retirement account that is designed to pay a regular income for retirees and people transitioning to retirement. The product offers a range of multi-manager funds that are managed by individual investment managers based on their specific expertise. This product is closed to new members. Members are provided access to Optimix Diversified and Single sector investment funds, each fund with an investment philosophy ranging from conservative to a strong growth-oriented approach. The OnePath OptiMix Balanced (NCF) option has underperformed the SuperRatings Index over the short and long term. OptiMix Pension's fees are higher than the industry average across all account balances assessed. However, members with balances over $10,000 are exempt from the fixed member fee, while further rebates apply on balances exceeding $100,000. Unlimited switches between investment options can be made, free of chargeOptiMix Pension offers reasonable flexibility, with members having the ability to receive payments monthly through to annually. Beneficiary options include binding and non-binding nominations, reversionary beneficiaries and a child pension. Members can choose to increase their pension payments each year by a fixed percentage up to a maximum of 9%. Interactive online tools, calculators and factsheets are available through the fund's website, while 'InvestorBenefits' provide members with access to a range of discounts and special offers.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
2.69%
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
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
2.69%
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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