BOC Super - Retirement Pension

BOC Super was established in 1937 to provide retirement benefits to current and former employees of BOC Limited, including their spouse. The pension division was established in 2001 and requires a minimum initial investment of $25,000 to commence membership.The fund offers a simple investment menu consisting of 3 Diversified options and a Cash option. The Moderate option outperformed the SuperRatings Index over each time period assessed to 30 June 2019.Fees are lower than the industry average for all account balances assessed, and the asset-based administration fee does not apply on account balances over $500,000. Transaction fees are charged for investment switches; however, members are 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 the proportion of, or order in which, payments are to be drawn from each option. Furthermore, members are allowed to have their pension payments automatically increase annually in-line with CPI or by a nominated percentage.Members are provided with monthly newsletters and educational materials through the fund’s website. Members can also view their account details and perform transactions via the fund's secure online access.