Bendigo SmartStart PensionInformation shown is for the rated option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.20%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Master Trust-Allocated Pension|
Fund Highlights - provided by Bendigo SmartStart Pension
What the researchers say
Bendigo SmartStart Pension is part of The Bendigo Superannuation Plan which was established in 1988. Bendigo SmartStart Pension is an account-based pension which aims to provide a low-cost and easy-to-use solution to help members in retirement or in transition to retirement. A minimum initial investment of $10,000 is required to commence membership.
Bendigo SmartStart Super offers members an investment menu consisting of 10 Diversified options, an Income Fund and a Cash Investment option. As this product was launched in July 2013, no performance data is currently available. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.
The fee structure for Bendigo SmartStart Pension is competitive, with fees 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.
Bendigo SmartStart 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.