Club Plus Pension

Club Plus Super was set up for Club Industry employees in NSW and the ACT, with membership also open to the general public. Club Plus Pension has achieved a Platinum rating for the past 9 consecutive years. A minimum initial investment of $20,000 is required to commence membership.Club Plus Pension offers members a choice of 5 investment options, as well as a Direct Investment Option providing access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced option has outperformed the SuperRatings Index over the short and long term.Club Plus Pension's fees are higher than the industry average across medium and large account balances assessed. No fees are charged for switching investments; however, an exit fee will be deducted when making a withdrawal or leaving the fund. Club Plus Pension provides good flexibility, with members having the ability to receive payments twice-monthly through to annually. Members can nominate the investment option(s) from which pension payments are to be taken and can commence drawdown of their pension on approach to retirement, via the Transition to Retirement Pension. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits. Club Plus Super provides financial advice through Club Plus Financial Planning, and also offers low cost banking through ME Bank. The secure online facility; MemberAccess, allows members to view and updated account details, as well as perform transactions.