MyLife MyPension

MyLife MyPension is provided by MyLifeMyMoney Superannuation Fund, which was established in 1971 to offer superannuation for the employed and the self-employed. MyLife MyPension has achieved a Platinum rating for the past 11 consecutive years and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.The investment menu covers a broad range of 'Managed Choice' and 'Build Your Own' options, including RetirePlus and RetireStable, which are tailored to members in, and transitioning to, retirement, as well as the MyLife MyPortfolio Investment Option providing access to Direct Shares listed on the S&P/ASX 200, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced option has outperformed the SuperRatings Index over the short and long term. Fees are higher than the industry average across all account balances assessed. No fees are charged for switching investments; however, an exit fee is applied for the full closure of an account.MyLife MyPension provides good flexibility, with members having the ability to receive payments fortnightly through to annually and members able to nominate the investment option(s) from which pension payments are to be taken. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.MyLife MyPension provides members with access to a free seminar program, as well as a range of online fact sheets, calculators and educational videos. The fund's secure online facility, MyLife Online, further allows members to view and update account details and perform transactions.