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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 May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $655 $707 -$52
250k $2,400 $3,049 -$649
500k $4,800 $5,783 -$983

Investment Allocation

Intl shares 26.0%
Aus shares 32.0%
Property 5.0%
Alternative 9.0%
Fixed interest 24.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.95%
Investment Fee 0.36%
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 38,317
Total Assets $1,288,000,000
Year Started 1994
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Zurich Account Based Pension

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

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.56%
9.97%
14.12%
17.83%
0.09%
6.55%
Fund
Benchmark
Conservative Balanced 3.19%
3.85%
7.73%
8.25%
11.74%
11.01%
13.70%
12.60%
2.58%
3.18%
6.06%
9.13%
Fund
Benchmark
Growth 1.82%
4.21%
12.17%
11.50%
16.49%
15.91%
21.52%
19.45%
-2.33%
-1.21%
6.15%
11.20%
Fund
Benchmark
Australian Shares 1.88%
5.54%
4.31%
6.75%
20.40%
18.31%
19.33%
23.30%
-7.82%
-6.67%
8.63%
12.47%
Fund
Benchmark
Overseas Shares -0.83%
0.46%
22.50%
20.36%
15.29%
19.88%
26.05%
29.76%
-1.77%
-3.07%
-2.32%
7.44%
Fund
Benchmark
Capital Stable 3.36%
3.63%
5.36%
6.35%
8.52%
8.17%
9.25%
9.14%
5.26%
4.79%
5.58%
7.97%
Fund
Benchmark
Property 18.59%
11.94%
17.98%
10.92%
12.39%
10.68%
25.50%
12.91%
10.44%
7.92%
13.12%
11.91%
Fund
Benchmark
Cash 0.72%
2.08%
1.17%
2.61%
1.30%
2.78%
1.75%
3.48%
3.27%
4.76%
3.51%
5.05%
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

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 15 Diversified, Single-Sector and Single Manager investment options. Alternatively, members can select the Automatic Investment Adjuster, which automatically reduces a member's exposure to growth assets as they get older. The Zurich Pension Managed Growth option underperformed the SuperRatings Index over the five years to 30 June 2015.

Fees associated with this product are lower than the industry average across all account balances assessed. A minimum administration fee of $258.72 pa is applicable regardless of a member's account balance. However, members with large account balances are offered lower administration fees. Furthermore, no exit fees and switching fees are charged, although changing investment options may incur transaction costs.

Zurich Account Based Pension offers a reasonable level of pension flexibility. Members can choose to receive their pension payments on a monthly, quarterly, half-yearly or annual basis. Members can also elect the date they receive their pension payments, and can change their payment details at any time. A minimum of $20,000 is required to open an Account Based Pension or a Transition to Retirement account.

Zurich's website is easy to navigate and contains comprehensive retirement information to assist members. Members can access their accounts via My Zurich.


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