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What the Researchers Say:

A "good value for money" fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

You should contact your financial adviser or this fund before making an investment decision.

  • Gold
Awards
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
50k $516 $674 -$158
250k $2,216 $2,880 -$664
500k $4,091 $5,462 -$1,371

Investment Allocation

Intl shares 31.0%
Aus shares 32.0%
Property 7.0%
Fixed interest 18.0%
Cash 12.0%

Fees & Charges

Membership Fee $91
Asset Admin Fee 0.40%
Investment Fee 0.45%
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 $42,274,945,737
Year Started 2007
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by North Personal Pension

Guaranteed income stream for life
A wide range of underlying investments (4 with a guarantee)
North is flexible and open-ended which allows contributions and withdrawals, as well as transition to retirement pensions
Easy-to-use online website to check investments, make contributions and update details
Growth locked in annually and Bi-annually

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced -0.14%
9.11%
3.28%
9.95%
13.97%
17.94%
Fund
Benchmark
High Growth -0.01%
-0.04%
14.34%
15.03%
-0.73%
0.82%
12.86%
13.21%
18.42%
17.79%
27.97%
22.59%
Fund
Benchmark
Conservative Balanced 0.01%
0.04%
6.78%
7.94%
3.25%
3.46%
8.53%
8.25%
11.19%
11.01%
15.44%
12.60%
Fund
Benchmark
Growth 0.00%
0.00%
12.16%
13.11%
0.98%
2.80%
11.69%
11.50%
16.40%
15.91%
24.01%
19.45%
Fund
Benchmark
Capital Stable 0.02%
0.13%
4.23%
5.88%
3.69%
3.64%
6.61%
6.35%
8.46%
8.17%
10.21%
9.14%
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 30/06/2016, 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

North is a full service wrap platform which was launched in 2007. It is designed for individuals looking for greater flexibility, choice or advisor involvement in managing their wealth. North Pension has been closed to new members since March 2016.

Members have access to a wide range of Diversified and Single Manager investment strategies, as well as 4 guaranteed investment options. With additional costs associated with North Guarantee, members can receive a guaranteed return over a specified time period, although this feature is no longer available for North Pension accounts from 20 February 2016. Access to Direct Equities, ETFs, LICs and Term Deposits is also provided. The North Index Balanced option has outperformed the SuperRatings Index over the short term and long term.

Fees for this product are lower than the industry average across all assessed account balances. We note the ratings assume administration fee discounts are applied. Further savings can be obtained through individual or family fee aggregation. No exit fees and switching fees are applicable, although transactional costs may be incurred for changing investment options. Adviser commissions are also charged as separate costs.

An excellent level of pension flexibility is provided. Members have the ability to select pension payment date and can receive their pension payments in a variety of frequencies ranging from fortnightly to annually. Payments can also be set to increase automatically by CPI or a nominated percentage annually. A good selection of death benefit options, including binding nominations and reversionary pensions, is also provided. Furthermore, Death cover is available for pension members.