ANZ

ANZ Staff Super - Account Based Pension

No. of members: 31068
Fund size: $5.4b
Public offer:
Product type: Corporate-Allocated Pension
Target market: -
Year started: 2003
Past 5-year return
5.30%
Admin fee

$0

Calc fees on 50k

$340

SuperRatings awards
Past 5-year return
5.30%
Admin fee

$0

Calc fees on 50k

$340

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

The ANZ Staff Super Account Based Pension, offered in the ANZ Australian Staff Superannuation Scheme, commenced in 2003 and provides retirement benefits to all previous full-time and part-time employees of ANZ in Australia and their spouse. A minimum initial investment of $25,000 is required to be eligible for this product. The fund offers a basic investment menu of 3 Diversified options and a Cash option. The Balanced Growth option outperformed the SuperRatings Index over the 1, 3 and 10 year periods to 30 June 2019.ANZ Staff Super's fees are simple and competitive across all account balances assessed, with no charge on investment switches. The ANZ Staff Super Account Based Pension provides reasonable product flexibility, with members having the ability to receive pension payments monthly through to annually. Pension payments are made directly to the member's nominated bank account on the date set by the fund. Members can nominate a drawdown strategy or have their pension payments drawn proportionately from their investment options. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. ANZ Staff Super provides members with access to financial planning services and the ability to view their account details and perform transactions online. A range of publications and fact sheets are available on the fund's website.

Features and Fees

ANZ 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.

    The ANZ Staff Super Account Based Pension, offered in the ANZ Australian Staff Superannuation Scheme, commenced in 2003 and provides retirement benefits to all previous full-time and part-time employees of ANZ in Australia and their spouse. A minimum initial investment of $25,000 is required to be eligible for this product. The fund offers a basic investment menu of 3 Diversified options and a Cash option. The Balanced Growth option outperformed the SuperRatings Index over the 1, 3 and 10 year periods to 30 June 2019.ANZ Staff Super's fees are simple and competitive across all account balances assessed, with no charge on investment switches. The ANZ Staff Super Account Based Pension provides reasonable product flexibility, with members having the ability to receive pension payments monthly through to annually. Pension payments are made directly to the member's nominated bank account on the date set by the fund. Members can nominate a drawdown strategy or have their pension payments drawn proportionately from their investment options. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. ANZ Staff Super provides members with access to financial planning services and the ability to view their account details and perform transactions online. A range of publications and fact sheets are available on the fund's website.

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    ANZ 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
      GROWTH
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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