Established in 2000, Goldman Sachs & JBWere Superannuation Fund is a Corporate Superannuation Fund for employees and contractors of Goldman Sachs Australia Services Pty Ltd or National Australia Bank who work principally for JBWere Ltd. The fund’s Account Based Pension opened in 2008 to provide a retirement income product for members. A minimum initial investment of $20,000 is required to commence an Account Based Pension or Transition to Retirement Account.The Account Based Pension offers a single default option. The Trustee generally manages its investments internally and has no external investment managers appointed, other than underlying wholesale managed funds in certain assets classes. The default option has outperformed the SuperRatings Index over each time period assessed to 30 June 2019.Fees associated with this product are lower than the industry average across medium and large account balances assessed, with the percentage based administration fee capped at $300 p.a. Flexibility is provided to members, with pension payments available to be made on a monthly, quarterly or annually basis. Members can choose between binding, non-binding, reversionary death benefit payment options.Additional benefits available include access to online educational material and interactive tools and calculators, as well as the ability to view account details and perform transactions online.

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