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The Portfolio Service - Retirement Income Plan (Account Based Pension)

Past 5-year return
New fund
Admin fee
$136
Calculated Fees on 50k
$625
Extensive investment menu over - over 100 research managed funds and over 200 listed investments
In-house research means the investment menu is constantly monitored to ensure that performance is in line with their objectives
Low admin fee and product pricing supports a 'fee for service' advice model
Good choice of death benefit choices available including binding nomination, reversionary and anti-detriment
The Portfolio Service (TPS) product suite caters to those members seeking a superannuation or pension product with flexible features which can be managed through the use of a financial adviser. The product is closed to new members.The Retirement Income Plan provides an extensive investment menu consisting of Multi and Asset Specific options, Term Deposits and access to over 200 Diversified Equities. The IOOF Multi Series Balanced Trust underperformed the SuperRatings Index over the 5 years to 30 June 2016.The fee structure is lower than the industry average across all account balances assessed. Some of the fees are negotiated between the employer and the Plan adviser, and there are also no withdrawal or switching fees.The Retirement Income Plan provides adequate flexibility with a choice of 4 payment frequency options and a selection of binding lump-sum, non-binding and reversionary death benefit nominations. Other features include a financial planning service through Bridges Financial Services with a fee-for-service option; and a dedicated adviser website allowing access to all investment and transaction details for their clients, as well as the ability to provide simple and consolidated reporting.

Fees & fund features-0

Admin fee
Admin fee
$136
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
0.55%
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
$136
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
0.55%
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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