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First State Super - Allocated Pension Fund

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$805
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No information was provided by the fund to SuperRatings.
First State Super is an industry fund that has been providing superannuation services to NSW public sector employees since 1992, with membership also open to the general public. The Allocated Pension Fund is offered by First State Super as a result of the Successor Fund Transfer of the StatePlus Retirement Fund on 1 July 2019. A minimum initial investment of $20,000 is required to be eligible for the Allocated Pension Fund. The Allocated Pension Fund offers a simple investment menu, consisting of 5 Diversified and 4 Single Sector options, as well as a non-unitised fund, the Fixed Term Fund. The Balanced Fund outperformed the SuperRatings Index over the year to 30 June 2019; however, underperformed over the longer term.Fees associated with this product are higher than the industry average across all assessed account balances; however, a fee rebate is available for eligible account balances that exceed $1,000,000. Members can switch between investment options at no cost. A reasonable level of flexibility is available through the Allocated Pension Fund, with members able to select from 5 pension payment frequencies and payments made on a date specified by the fund. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. If members do not select a drawdown strategy, pension payments will be taken according to growth assets, with the more conservative options being drawn down first.Additional benefits available include access to advice services, seminars, high quality educational material, as well as the ability to view account details and perform transactions online.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.96%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.14%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.51%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.96%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.14%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.51%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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