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What the Researchers Say:

A "reasonable value for money" 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, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $695 $708 -$13
250k $2,825 $3,049 -$224
500k $5,150 $5,778 -$628

Investment Allocation

Intl shares 20.0%
Aus shares 33.0%
Property 7.0%
Fixed interest 30.0%
Cash 10.0%

Fees & Charges

Membership Fee $480
Asset Admin Fee 0.00%
Investment Fee 0.43%
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 $631,771,173
Year Started 2014
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Bendigo SmartOptions Pension

It has been designed for customers who seek greater options, flexibility and control of their superannuation and pension investments. Bendigo SmartOptions offers access to a wide range of investment options including cash, managed funds, term deposits and ASX listed securities, as well as a variety of competitively priced insurance options, including group life cover and access to retail insurance cover. It is generally suited to members who are moving up, looking to retire or in retirement.

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.

What the researchers say

Bendigo SmartOptions Pension is a sub-plan of The Bendigo Superannuation Plan which was established in 1988. The Bendigo SmartOptions product range includes a superannuation and pension product designed to provide members with flexibility to actively manage their super investment.

Bendigo SmartOptions Pension offers members an investment menu consisting of managed funds (including annuity funds), a cash product, term deposits and S&P/ASX 200 listed securities. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.

Fees are relatively high across small and medium account balances due to a minimum administration fee of $480, while a tiered administration fee applies for account balances over $250,000. There are no exit fees and members can switch between investment options at no cost.

Bendigo SmartOptions Pension offers a good level of flexibility, including 4 pension payment frequencies and an ability to have pension payments adjusted to the CPI or by a certain percentage. Beneficiary options available include binding nominations, as well as reversionary beneficiary, including child nominations

The Fund offers members access to financial planning services, comprehensive online educational materials and the ability to view account details and perform transactions through the fund's website.


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