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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 April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $625 $700 -$75
250k $2,583 $3,016 -$433
500k $4,961 $5,720 -$759

Investment Allocation

Intl shares 25.0%
Aus shares 30.0%
Property 10.0%
Alternative 5.0%
Fixed interest 25.0%
Cash 5.0%

Fees & Charges

Membership Fee $136
Asset Admin Fee 0.43%
Investment Fee 0.55%
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

Membership 34,180
Total Assets $6,085,971,784
Year Started 1992
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by The Portfolio Service - Retirement Income Plan (Account Based Pension)

Extensive investment menu 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.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.18%
10.84%
14.18%
16.28%
-1.54%
7.08%
Fund
Benchmark
Conservative Balanced 1.84%
1.92%
8.71%
8.25%
10.70%
11.01%
13.60%
12.60%
0.34%
3.18%
8.98%
9.13%
Fund
Benchmark
Secure 2.86%
1.92%
3.39%
8.25%
6.02%
11.01%
6.56%
12.60%
7.73%
3.18%
Fund
Benchmark
Property 13.43%
10.54%
17.39%
10.92%
13.75%
10.68%
8.39%
12.91%
7.26%
7.92%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

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.

With an initial investment of $10,000, 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, enabling members to tailor an investment strategy to suit their personal requirements. The IOOF Multi Series Balanced Trust outperformed the SuperRatings index in 2015 but long term returns are below industry average.

The fee structure is complex but competitive across all account balances assessed. Some of the fees are negotiated between the employer and the Plan adviser, while no establishment, contribution or withdrawal fees apply and no additional fees are incurred when switching investments.

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.


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