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StatePlus - Allocated Pension Fund

Past 5-year return
8.75%
Admin fee
$0
Calculated Fees on 50k
$780
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.
The StatePlus Retirement Fund is a government fund and was established in 1993 to cater for current and former New South Wales and Commonwealth public sector employees and their families. A minimum initial investment of $20,000 is required to be eligible for the Allocated Pension Fund. The Allocated Pension Fund offers a simple investment menu, consisting of 5 Diversified and 4 Single Sector options, as well as a non-unitised funds, the Fixed Term Fund. While limited performance history is available for this product, the Balanced Fund outperformed the SuperRatings Index over the 12 months to 30 June 2016.The fee structure of the Allocated Pension Fund is straightforward with only an investment fee, which includes costs of financial advice and a government levy, as well as an indirect cost ratio charged. Fees are higher than the industry average across all assessed account balances; however, a fee rebate is available for eligible account balances that exceed $1,000,000. There are no exit fees and members can switch between investment options at no cost. Reasonable flexibility is available through the Allocated Pension Fund. Members are able to select from 4 pension payment frequencies with payments made on a day specified by the fund. If members do not select a drawdown strategy, pension payments will be taken according to growth assets, with the more conservative options being drawn down first.The fund offers members access to financial planning, as well as providing six-monthly account statements. Additionally, a range of online calculators and educational fact sheets are available on the fund's website.

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
1.42%
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
1.42%
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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