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StatePlus - Flexible Income Plan

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$430
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.
Established in 1993, the StatePlus Retirement Fund is a government fund, catering for current and former New South Wales and Commonwealth public sector employees and their families. The Flexible Income Plan commenced in April 2013 and a minimum initial investment of $20,000 is required to be eligible for membership. The Flexible Income Plan offers a simple investment menu, consisting of 4 Diversified and 4 Single Sector options, as well as a non-unitised fund, the Fixed Term Fund. While limited performance history is available for this product, the Balanced Fund underperformed the SuperRatings Index over the 12 months to 30 June 2017. Fees associated with this product are lower than the industry average across all account balances assessed. There are no exit fees and members can switch between investment options at no cost.Reasonable flexibility is available through the Flexible Income Plan. 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.Members have access to financial planning services. Launched in September 2017, the fund's new secure website is mobile responsive, offering online real time access to a personalised portfolio of services.

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
0.73%
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
0.73%
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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