Goldman Sachs & JBWere Superannuation Fund was established in 2000 as 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 also offers membership to spouses of employees and persons who cease to be an employee. The fund’s Account Based Pension opened in 2008 to provide a regular retirement income to members. A minimum initial investment of $20,000 is required to commence membership.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 delivered strong investment returns to members, outperforming the relevant SuperRatings Index over each time period assessed to 30 June 2021.Fees associated with this product are lower than the industry average across small and large account balances assessed, with the asset-based administration fee capped at $800 p.a. A limited level of pension flexibility is offered, with members able to select from 3 payment frequencies of monthly, quarterly and annually. Beneficiary options are comprehensive, including binding and non-binding nominations, and reversionary pensions.Additional benefits available include access to online fact sheets, newsletters, as well as the ability to view account details and perform transactions through the secure member online portal.

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