Club Plus Pension

Club Plus Pension was established in 2005 to provide for the retirement needs of members employed in the Club industry within NSW and ACT. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $20,000 required to commence membership. Club Plus Pension offers an investment menu of 3 Diversified options and 2 Single Sector options. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019 although it outperformed over the shorter term.Fees are lower than the industry average across all account balances assessed. The fund does not charge switching fees, although a buy-sell spread may apply.Club Plus Pension offers a good level of pension flexibility, with members able to select from fortnightly through to annual payment frequencies. 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.The fund provides financial advice through Club Plus Financial Planning and offers low cost banking through ME Bank. The secure online facility; MemberAccess, allows members to view and update account details, as well as perform transactions.