Alcoa

Alcoa - Pensions

No. of members: 5575
Fund size: $2.2b
Public offer:
Product type: Corporate-Allocated Pension
Target market: -
Year started: 2001
Past 5-year return
5.54%
Admin fee

$113

Calc fees on 50k

$558

SuperRatings awards
Past 5-year return
5.54%
Admin fee

$113

Calc fees on 50k

$558

SuperRatings awards

Pros and Cons

Pros and Cons

  • No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

Summary

Alcoa of Australia Retirement Plan was established in 2000 to provide employer-sponsored retirement services to employees and their spouses. The Pension Plan services both current and previous employees. The Pension Plan offers three diversified investment portfolios and a single sector cash investment as options for members. The Growth option underperformed the SuperRatings Index over the 10 year period to 30 June 2019.Fees are lower than the industry average across all assessed account balances. No buy-sell spread or switching fees apply. Members can elect to stay in the fund after leaving employment, however fees may vary.The Pension Plan provides limited pension flexibility. Members can choose from monthly or annual payments that are paid on designated dates into a nominated bank account. Members are also able to choose to nominate binding, non-binding or reversionary beneficiaries. The default drawdown strategy is on a pro-rata basis, with the option to choose a priority draw down strategy.Members have access to their accounts online using a range of electronic devices and browsers. The fund also provides access to a range of educational materials, including calculators, planners and investment commentary on the fund's website.

Features and Fees

Alcoa Fees and Features

    Pros and Cons

    • No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.

    Alcoa of Australia Retirement Plan was established in 2000 to provide employer-sponsored retirement services to employees and their spouses. The Pension Plan services both current and previous employees. The Pension Plan offers three diversified investment portfolios and a single sector cash investment as options for members. The Growth option underperformed the SuperRatings Index over the 10 year period to 30 June 2019.Fees are lower than the industry average across all assessed account balances. No buy-sell spread or switching fees apply. Members can elect to stay in the fund after leaving employment, however fees may vary.The Pension Plan provides limited pension flexibility. Members can choose from monthly or annual payments that are paid on designated dates into a nominated bank account. Members are also able to choose to nominate binding, non-binding or reversionary beneficiaries. The default drawdown strategy is on a pro-rata basis, with the option to choose a priority draw down strategy.Members have access to their accounts online using a range of electronic devices and browsers. The fund also provides access to a range of educational materials, including calculators, planners and investment commentary on the fund's website.

    Read More

    Alcoa Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
      Go to site