Australian Ethical Retail Superannuation Fund - Account Based Pension

The Australian Ethical Account Based Income Stream was established in 1998 and is the pension division of the Australian Ethical Retail Superannuation Fund, a master trust that specialises in ethical and sustainable investing. The fund donates 10% of annual profits to non-profit, charity, benevolent and conservation organisations.Members have access to a selection of 6 investment options across a range of asset classes that adhere to the Australian Ethical Charter. The funds Ethical Balanced option has outperformed the SuperRatings Index over the long term.Fees are higher than the industry average across medium and large account balances assessed. However, fee discounts are available to members with account balances over $250,000. No fees are charged for investment switches, although a buy-sell spread applies. Partial and full withdrawals are subject to an exit fee of $50 per transaction.The Income Stream product offers reasonable product flexibility. Members can choose between binding, non-binding and reversionary death benefit payments, as well as pension payments that automatically increase by inflation each year.Australian Ethical has continued to be Infinity Recognised, showing a clear adherence to environmental and social investment principles.