Asgard eWRAP Allocated Pension Account

Asgard eWRAP is a subsidiary of the Westpac Group and was established in 2003. The eWRAP Allocated Pension Account is designed to provide a wide range of investment options to members and their authorised advisor. A minimum account balance of $100,000 is recommended.Asgard eWRAP Pension provides access to over 450 individual managed investments, as well as securities listed in the ASX, term deposits and cash accounts. The Advance Balanced Multi-Blend Fund has underperformed the SuperRatings Index over the five-year period to 30 June 2017. However, due to the extensiveness of the investment menu, returns may vary depending on investments selected.Fees are higher than the industry average across all assessed account balances. No switching fee or exit fee is applicable; however, buy-sell spreads charged by investment managers may apply. The tiered administration fee structure provides discounts for account balances based on the total value of applicable accounts.The Asgard eWRAP Pension account provides reasonable pension flexibility. Members are able to choose from monthly, quarterly or yearly payment frequencies and will be paid directly into a nominated bank account. The fund also offers estate planning features such as discretionary nomination and binding nomination.Members have access to financial planning services, account details and extensive reporting facilities provided online via the Investor Online facility, and a large range of educational materials and calculators on the fund's website.