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Alcoa
Alcoa - Pensions

Alcoa - Pensions

No. of members:

5575

Fund size:

$2.2b

Public offer:

Product type:

Corporate-Allocated Pension

Target market:

Year started:

2001

- Last updated on 09 Aug 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.91%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

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QSuper terms and conditions

Past 5-year return

5.54%

Admin fee

$113

Calc fees on 50k

$558

SuperRatings awards

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.

Alcoa Fees and Features

Admin fee $113	Health insurance
Administration fee (%)	Binding nominations
Indirect cost ratio (%) 0.58%	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.31%	Long term income protection
Account size discount

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

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Alcoa - Pensions	5.54%	$113	Promoted Alcoa - Pensions	$558	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details