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PortfolioOne Allocated Pension Service

Past 5-year return
7.91%
Admin fee
$660
Calculated Fees on 50k
$1,020
For further information refer to the fund's PDS.
The PortfolioOne Allocated Pension Service was established in 1997 and is part of the Wrap service operated through OnePath's superannuation division. It allows members to convert their retirement savings into a flexible income stream in a tax-effective environment when they retire. This product is closed to new members. Members are offered a comprehensive investment menu of over 200 managed investments across a range of asset classes, as well as access to listed securities and term deposits. The default OptiMix Wholesale Balanced Trust option has underperformed the SuperRatings Index over the short and long term.Fees are higher than the industry average across all account balances assessed, however, both account size discounts and discounts through linking family accounts are available. Switches are free while withdrawals can be made at no cost.Members are able to choose from 4 pension payment frequencies, as well as beneficiary options of non-lapsing binding nominations or reversionary death benefit payments. The pension amount can be set to automatically increase by CPI or a fixed percentage annually. Extensive reporting features that benefit members with complex investment portfolios are offered through the fund's secure website. Online account access through ClientView allows members to view investment, transaction and account details.

Fees & fund features

Admin fee
Admin fee
$660
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
0.72%
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
$660
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
0.72%
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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