AMIST Super

AMIST Pension

No. of members: 69931
Fund size: $2.3b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2005
Past 5-year return
-
Admin fee

$88

Calc fees on 50k

$423

SuperRatings awards
Past 5-year return
-
Admin fee

$88

Calc fees on 50k

$423

SuperRatings awards

Pros and Cons

Pros and Cons

  • Low fees.
  • Affinity with members and employers.
  • Choice of 5 investment options.
  • Comprehensive and complete financial advice.
  • Education seminars nationwide member service visits.
  • Member specific over the phone financial advice at no additional cost.

Summary

AMIST (Australian Meat Industry Superannuation Trust) Super is an industry fund originally established to serve members in the meat industry, with membership now open to the general public. The Pension product was introduced in 2005 with a minimum initial investment of $20,000 required to commence membership. The AMIST Pension investment menu consists of 5 Diversified and Single-Sector investment options suitable for members with different risk profiles. The Balanced option outperformed the SuperRatings Index over the 10 year period to 30 June 2019.Fees for the Balanced option are lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost.AMIST Pension offers a reasonable level of product flexibility to members, with the ability to choose from a variety of payment frequencies ranging from twice-monthly to annually. Members can nominate the proportion of pension payments to be drawn from each investment option or have payments made pro-rata across investments. Beneficiary options include non-binding, lump-sum and reversionary pension nominations. AMIST members are provided with ancillary benefits, 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.

Features and Fees

AMIST Super Fees and Features

    Pros and Cons

    • Low fees.
    • Affinity with members and employers.
    • Choice of 5 investment options.
    • Comprehensive and complete financial advice.
    • Education seminars nationwide member service visits.
    • Member specific over the phone financial advice at no additional cost.

    AMIST (Australian Meat Industry Superannuation Trust) Super is an industry fund originally established to serve members in the meat industry, with membership now open to the general public. The Pension product was introduced in 2005 with a minimum initial investment of $20,000 required to commence membership. The AMIST Pension investment menu consists of 5 Diversified and Single-Sector investment options suitable for members with different risk profiles. The Balanced option outperformed the SuperRatings Index over the 10 year period to 30 June 2019.Fees for the Balanced option are lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost.AMIST Pension offers a reasonable level of product flexibility to members, with the ability to choose from a variety of payment frequencies ranging from twice-monthly to annually. Members can nominate the proportion of pension payments to be drawn from each investment option or have payments made pro-rata across investments. Beneficiary options include non-binding, lump-sum and reversionary pension nominations. AMIST members are provided with ancillary benefits, 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.

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    AMIST Super 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
      HIGH GROWTH
      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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