Asgard Elements Allocated Pension Account

Asgard Elements Allocated Pension Account is a MySuper product that was established in 2004. The product is a subsidiary of Westpac Group, and has been designed to provide members with a wide range of managed funds. Members can select from an extensive investment menu featuring five Diversified and six Single Sector Multi-Manager funds as well as over 60 Single Manager funds. The Advance Balanced Multi Blend Fund has underperformed the SuperRatings Index over the five years to 30 June 2017; however, the extensive investment menu means returns will vary depending on the option and manager selected. Fees for Asgard Elements Allocated Pension Account are higher than the industry average across all assessed account balances. An additional Cash Balance fee of 1.45% will also apply and is subject to minimum balance requirements. No fees are charged for investment switches; however, a buy-sell spread will apply. The Asgard Elements Allocated Pension provides good flexibility. Members pension payment can be made monthly, quarterly and annually. Members can nominate a drawdown strategy or have their pension payments drawn proportionately from their account. Members have access to consolidated transaction reporting from various managers and listed entities as well as periodic annual and investor reports.