AMIST Pension

Originally established to serve members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is today a public offer industry fund with all profits generated by the fund distributed to members. The Pension product was introduced in 2005. The AMIST Pension investment menu consists of 5 Diversified and Single-Sector investment options suitable for members with different risk profiles. The Balanced option has outperformed the SuperRatings Index over the short and long term.Fees for the Balanced option are lower than the industry average across all assessed account balances, with asset based administration fees not applied to a member's account. Switching fees are also not charged for changing investment options, however, an exit fee applies for withdrawals. AMIST Pension offers a reasonable level of product flexibility to members, with the ability to choose from a variety of payment frequencies ranging from fortnightly to annually. Members can also nominate a fixed percentage draw-down order for pension payments or pro-rata across investments. A minimum initial investment of $20,000 is required to commence an allocated pension, or a Transition to Retirement Pension for pre-retirees. A range of ancillary benefits are available to members, including discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Link Advice, and can request rollovers through the online MemberAccess portal.