BOC Super - Retirement Pension

BOC Super is a corporate fund that was established in 1937 to provide retirement benefits to employees of BOC Limited. The pension division was established in 2001 and a minimum initial investment of $25,000 is required to commence a pension account. The fund offers a simple investment menu consisting of 3 Diversified strategies and a Cash option. The default Moderate option has outperformed the SuperRatings Index over the five years to 30 June 2017.Fees associated with this product are lower than the industry average for all account balances assessed, with the percentage based administration fee capped on balances over $500,000. However, transaction fees are charged for withdrawals and investment switches, with members entitled to one free switch per year.The BOC Super Retirement Pension provides a good level of flexibility. Members are offered a variety of payment frequencies ranging from fortnightly to yearly, and can nominate either a fixed percentage or specific drawdown order for pension payments. Payments can also be made pro-rata across investments. Furthermore, members are allowed to have their pension payments automatically increase annually in-line with CPI or by a nominated percentage.Members are able to view their account details and perform transactions via the fund's website, as well as access member newsletters and useful educational materials.