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Zurich Account Based Pension

Past 5-year return
10.35%
Admin fee
$0
Calculated Fees on 50k
$715
Wide range of investment options
Management fees are applicable and there are savings to be made on large account balances
Automatic investment adjuster available
Retirement super consolidator offering short term solutions
Seamless transfer to Zurich's retirement income product
Minimum initial investment of $20,000
Flexible payment options
Zurich Account Based Pension was launched in 1994, with the aim to provide members with a flexible and convenient way to manage their retirement. Members can choose from 14 Diversified and Single-Sector investment strategies, as well as one Single Manager option. Alternatively, members can select the Automatic Investment Adjuster, which uses a combination of 6 existing investment options and reduces a member's exposure to growth assets as they get older. The Managed Growth option has underperformed the SuperRatings Index over the 5 years to 30 June 2016. Fees associated with this product are lower than the industry average across medium and large account balances assessed. A minimum administration fee of $258.72 pa is applicable for account balances under $27,235. However, members with larger account balances are offered reduced administration fees. Furthermore, no exit fees and switching fees are charged, although changing investment options may incur transaction costs. This product offers a reasonable level of flexibility. Members can choose to receive their pension payments on a monthly, quarterly, half-yearly or annual basis, and can also elect any payment date. A fixed percentage pension drawdown order can be selected, alternatively pension payments are made pro-rata across investment allocations. A minimum of $20,000 is required to open an Account Based Pension or a Transition to Retirement account.The fund's website is easy to navigate, which contains comprehensive retirement information to assist members. Members can also access their accounts via My Zurich.

Fees & fund features

Admin fee
Admin fee
$0
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
0.48%
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
$0
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
0.48%
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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