HUB24 Super Fund - Account Based Pension (Choice Menu)

HUB24 Super is a superannuation platform offering enhanced transaction and reporting solution to members. This product can only be accessed through the appointment of an authorised financial adviser acting on behalf of the member, requiring a minimum initial investment of $20,000 to commence membership. The Choice Menu offers members access to a range of single-sector and multi-sector managed portfolios, managed funds, Australian and international listed securities and term deposits. Performance history is not available for this product.Fees for the Choice Menu are higher than the industry average across all account balances assessed and includes a $180 account keeping fee. However, the asset-based administration fee is reduced on account balances greater than $250K and capped at $5,150 pa. Advisers and dealer groups may also negotiate a discount on the administration fee. Members are able to switch investment options and make withdrawals at no cost.HUB24 provides good flexibility, with members having the ability to receive payments monthly through to annually. Pension payments can be indexed each year by a specific percentage or in-line with CPI. Beneficiary options are comprehensive, including both binding and non-binding nominations, non-lapsing binding nominations, as well as reversionary pensions. The fund's InvestorHUB allows members to track and manage their accounts online, as well as view all transactions, valuations and a variety of other reports. A range of publications, factsheets and educational webinars are available from the website.