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What the Researchers Say:

A "reasonable value for money" superannuation 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 July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $508 $156 $352
50k $755 $627 $128
100k $1,250 $1,155 $95

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

Administration Fee ($) $480
Administration Fee (%) 0.00%
Investment Fee 0.55%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount No

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 373,793
Total Assets $16,718,120,000
Year Started 2006
Target Market All Industries
Offered to Public? No
Fund Type Master Trust-Personal

Fund Highlights - provided by IOOF Pursuit - Select Personal Superannuation

Simple regular contribution and income re-investment options.
Switchability between products.
Term deposits and a comprehensive range of over 200 managed funds across all asset classes and styles across 45 leading investment managers, generally at wholesale prices.
$10,000 minimum entry or $2,500 (with a regular contribution plan).
Flexible Insurance options. Online application for insurance.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.69%
2.65%
2.86%
2.81%
10.84%
9.60%
14.18%
12.66%
16.28%
14.73%
-1.54%
0.45%
Fund
Benchmark
Secure 0.23%
2.01%
2.34%
2.82%
5.80%
7.28%
4.90%
9.64%
Fund
Benchmark
Growth 4.08%
3.18%
3.93%
2.10%
12.79%
10.71%
16.40%
14.01%
21.52%
17.11%
-5.14%
-0.95%
Fund
Benchmark
Australian Shares 5.98%
5.68%
3.44%
1.50%
2.11%
5.70%
23.47%
16.77%
17.72%
21.07%
-10.90%
-6.15%
Fund
Benchmark
Overseas Shares 1.95%
2.74%
-5.46%
-2.30%
Fund
Benchmark
Capital Stable 9.47%
1.32%
11.46%
3.36%
3.01%
5.66%
Fund
Benchmark
Property 4.70%
2.21%
9.84%
12.55%
18.02%
10.78%
4.60%
9.09%
Fund
Benchmark
Cash 0.23%
0.16%
2.38%
1.90%
2.81%
2.25%
3.71%
2.42%
5.21%
2.94%
5.17%
4.04%
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

Initially established in 2006, the IOOF Pursuit suite consists of "Core", "Select" and "Focus" super and pension products. The IOOF Pursuit product suite offers the ability for members to switch their superannuation back and forth between all products (super and pension) under the IOOF Pursuit banner. This can be done without selling assets and incurring Capital Gains Tax. This facility provides members with more control over their super, enabling them to reduce fees and maximise savings as their account balance and needs change.

IOOF Pursuit Select Personal provides an excellent choice of Multi and Asset Specific options including the IOOF MultiMix options, Term Deposits and access to Direct Equities. Established 1 July 2007, the IOOF Multi Series Balanced Trust outperformed the SuperRatings index in 2015, and long term returns are above the Index.

Fees are higher than the industry average across all account balances assessed. However, discounts do apply on the administration fee for account balances that exceed $250,000.

The voluntary insurance package provides adequate choice and flexibility. Members can apply for unlimited Death cover and up to $5 million in Death and TPD cover, while Income Protection (IP) is available for members working at least 15 hours per week. IP provides 85% (including SG) salary coverage up to $30,000 per month, with 3 waiting periods over short and long term payment periods.

Portfolio Online, IOOF's online portfolio management tool, provides members with 24 hour access to their account, while a full financial planning service on a fee-for-service basis is also available.


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