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ANZ Smart Choice - Pers

Past 5-year return
New fund
Admin fee
$50
Calculated Fees on 50k
$330
Account balance is visible on ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically for the customers to become more defensive as the customer gets older.
No underwriting required for Death only and Death & TPD cover.
ANZ Smart Choice is part of the OnePath MasterFund and is an easy, low-cost product that was established in December 2011. ANZ Smart Choice provides members the option to choose their own investment mix from 3 multi-asset class options and 5 single-asset options, or to invest in a Lifestage investment option, which automatically adjusts the investment mix with a higher allocation to less volatile investments as members approach retirement. While limited performance history is available for this product, the 1960's option underperformed the SuperRatings Index in 2017. Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. A full suite of insurance cover is offered. Lifestage Death Cover is automatically provided to eligible members upon joining the fund, with the option to add Lifestage TPD Cover and Income Protection (IP). IP is available to a maximum of 75% of salary, with a choice of benefit payment periods of two years or to age 65 and a 30, 60 or 90 day waiting period. Members can apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting.A key feature of the product is the ability to track and manage the super account online via the Grow by ANZ app, alongside online banking, share investing and insurance. Grow Magazine integrated within the Grow App provides educational articles and videos. Financial planning services are also available, whilst all customer communications, including annual statements are delivered to the member's online account.

Fees & fund features

Admin fee
Admin fee
$50
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
0.50%
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
$50
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
0.50%
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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