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What the Researchers Say:

A "best value for money" fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement goals.

You should contact your financial adviser or this fund before making an investment decision.

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  • Platinum
  • 7 Year Platinum Performance
  • Pension of the Year Finalist
Awards
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $470 $708 -$238
250k $2,090 $3,049 -$959
500k $3,995 $5,778 -$1,783

Investment Allocation

Intl shares 29.0%
Aus shares 19.0%
Property 11.0%
Alternative 25.0%
Fixed interest 10.0%
Cash 6.0%

Fees & Charges

Membership Fee $65
Asset Admin Fee 0.18%
Investment Fee 0.63%
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 1,935,008
Total Assets $37,831,068,912
Year Started 2002
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by REST Allocated Pension

Low fees including no commissions paid to advisers, planners or accountants.
Access to non-commission based financial advice with members first call free.
Support available including CSM support, regular national seminars and factsheets.
Online facility with option of online statements, newsletters, product details and educational information.
Member online access to update personal details and carry out transactions.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -1.10%
9.93%
14.41%
20.76%
1.18%
10.71%
Fund
Benchmark
High Growth -2.08%
-2.60%
13.97%
13.21%
16.30%
17.79%
24.50%
22.59%
-0.46%
-3.09%
11.19%
11.80%
Fund
Benchmark
Conservative Balanced -0.89%
0.81%
9.93%
8.25%
11.01%
11.01%
15.92%
12.60%
3.42%
3.18%
9.49%
9.13%
Fund
Benchmark
Secure 1.33%
0.81%
3.16%
8.25%
3.43%
11.01%
4.34%
12.60%
4.77%
3.18%
5.49%
9.13%
Fund
Benchmark
Diversified Fixed Interest 1.04%
2.74%
6.72%
4.29%
5.83%
6.40%
8.43%
4.74%
10.63%
9.58%
7.52%
6.56%
Fund
Benchmark
Growth -1.43%
-0.32%
12.40%
11.50%
14.35%
15.91%
21.26%
19.45%
1.20%
-1.21%
10.60%
11.20%
Fund
Benchmark
Australian Shares -0.80%
-1.43%
8.48%
6.75%
20.30%
18.31%
25.70%
23.30%
-4.88%
-6.67%
14.47%
12.47%
Fund
Benchmark
Overseas Shares -7.14%
-5.12%
22.74%
20.36%
21.97%
19.88%
34.90%
29.76%
-3.55%
-3.07%
4.78%
7.44%
Fund
Benchmark
Capital Stable -0.34%
1.50%
8.00%
6.35%
8.40%
8.17%
11.88%
9.14%
5.25%
4.79%
8.41%
7.97%
Fund
Benchmark
Property 11.63%
9.75%
6.78%
10.92%
8.80%
10.68%
7.86%
12.91%
6.15%
7.92%
7.36%
11.91%
Fund
Benchmark
Cash 1.74%
1.66%
2.89%
2.61%
3.09%
2.78%
3.79%
3.48%
4.71%
4.76%
5.54%
5.05%
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

A Pension of the Year Finalist in 2016, REST's Allocated Pension was established in 2002 to provide retirement services to retail employees. A minimum initial investment of $10,000 is required to be eligible to join this product.

Members can select from 13 investment options. Although the default Core Strategy has only been available to members since 2007, performance has been strong when compared to the SuperRatings Index over the long term.

REST's fees compare well to the industry average. The administration fee is tiered by account balance. Fees are not charged for investment switches, however buy/sell spreads are charged per transaction.

The REST Allocated Pension offers members good flexibility and offers fortnightly pension payments. Pension payments are made directly to the member's nominated bank account and members can select whether their pension payments are made from specific investment options or drawn proportionately across their account balance.

REST offers extensive additional member benefits, including financial planning, discounted health and travel insurance and access to low-cost banking products.