Government Employees Superannuation Board

GESB Retirement Income Allocated Pension

No. of members: 274374
Fund size: $27.4b
Public offer:
Product type: Government-Allocated Pension
Target market: -
Year started: 2003
Past 5-year return
4.52%
Admin fee

$0

Calc fees on 50k

$295

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
4.52%
Admin fee

$0

Calc fees on 50k

$295

SuperRatings awards

Pros and Cons

Pros and Cons

  • 3 payment frequencies.
  • Commutations.
  • Annual retirement rewards seminars, including Federal budget updates.

Summary

GESB Super is the largest Western Australian based superannuation provider, administering the super and retirement savings of current and former WA public sector employees. The fund offers a range of 9 investment options to choose from, providing members with access to 4 'Readymade Plan' options and 5 'Mix Your Plan' options. The Balanced Plan has underperformed the SuperRatings Index over each time period assessed to 30 June 2019. Fees are competitive and lower than the industry average across all account balances assessed. No fees are charged for switching investments. GESB Super provides limited flexibility, with members having the ability to receive payments monthly, quarterly or annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are limited to reversionary pensions. GESB Super provides members with access to a range of online fact sheets, calculators, educational videos and live Webinars. The fund's Member Online site further allows members to view and update account details, as well as perform transactions.

Features and Fees

GESB Fees and Features

    Pros and Cons

    • 3 payment frequencies.
    • Commutations.
    • Annual retirement rewards seminars, including Federal budget updates.

    GESB Super is the largest Western Australian based superannuation provider, administering the super and retirement savings of current and former WA public sector employees. The fund offers a range of 9 investment options to choose from, providing members with access to 4 'Readymade Plan' options and 5 'Mix Your Plan' options. The Balanced Plan has underperformed the SuperRatings Index over each time period assessed to 30 June 2019. Fees are competitive and lower than the industry average across all account balances assessed. No fees are charged for switching investments. GESB Super provides limited flexibility, with members having the ability to receive payments monthly, quarterly or annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are limited to reversionary pensions. GESB Super provides members with access to a range of online fact sheets, calculators, educational videos and live Webinars. The fund's Member Online site further allows members to view and update account details, as well as perform transactions.

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    GESB Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
      Go to site

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