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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 October 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $508 $154 $354
50k $755 $623 $132
100k $1,250 $1,150 $100

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

Total Assets $23,851,959,000
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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 1.15%
2.31%
2.86%
2.81%
10.84%
9.60%
14.18%
12.66%
16.28%
14.73%
-1.54%
0.45%
Fund
Benchmark
Secure 2.34%
1.60%
5.80%
2.82%
4.90%
7.28%
Fund
Benchmark
Growth 2.50%
2.37%
3.93%
2.10%
12.79%
10.71%
16.40%
14.01%
21.52%
17.11%
-5.14%
-0.95%
Fund
Benchmark
Australian Shares 3.44%
3.15%
2.11%
1.50%
23.47%
5.70%
17.72%
16.77%
-10.90%
21.07%
Fund
Benchmark
Overseas Shares -5.46%
2.29%
Fund
Benchmark
Capital Stable 9.47%
1.27%
11.46%
3.36%
3.01%
5.66%
Fund
Benchmark
Property 9.84%
1.16%
18.02%
12.55%
4.60%
10.78%
Fund
Benchmark
Cash 0.93%
0.58%
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 30/06/2016, 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

IOOF Pursuit is a Division of the IOOF Portfolio Service Superannuation Fund and comprises a range of flexible superannuation products, including IOOF Pursuit Core, IOOF Pursuit Focus and IOOF Pursuit Select.

IOOF Pursuit allows quick and easy movement between the different Pursuit models and between superannuation and pension products under the Pursuit banner as members' investment needs change.

Members have access to a broad range of Diversified and Asset Specific investment options, as well as Direct Shares listed on the S&P/ASX 300 and Term Deposits. The IOOF MultiSeries 70 option outperformed the SuperRatings Index over the 5 years to 30 June 2016.

Fees are higher than the industry average across all account balances assessed; however, a reduced administration fee is applicable on account balances over $250K, with the administration fee capped at $4,000 pa. Members are able to switch investment options without incurring a switching fee, while an exit fee is not applicable.

A full suite of insurance cover is available including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance. Income Protection (IP) cover is available up to a maximum of 85 per cent of salary payable, with benefit payment periods of 2 years, 5 years and to age 65 and a choice of waiting periods.

A range of online tools and educational resources are available through the fund's website. Members also have access to comprehensive and consolidated reporting on all investments in their account via Portfolio Online.


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