IOOF

AustChoice Super - Account Based Pension

No. of members: 301878
Fund size: $29.5b
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 1996
Past 5-year return
5.97%
Admin fee

$53

Calc fees on 50k

$822

SuperRatings awards
Past 5-year return
5.97%
Admin fee

$53

Calc fees on 50k

$822

SuperRatings awards

Pros and Cons

Pros and Cons

  • Extensive investment choice.
  • Ability to maintain AustChoice Super membership regardless of work status through the three divisions available within AustChoice.
  • Dedicated customer service staff.

Summary

AustChoice Super Account Based Pension is a division of the IOOF Portfolio Service Superannuation Fund, providing members with income in retirement. This product is closed to new members.AustChoice Super offers members an extensive investment menu comprising of ready-made diversified and single sector portfolios, externally managed funds, listed investments and term deposits. The MultiMix Balanced Growth Trust option outperformed the SuperRatings Index over the 7 years to 30 June 2019.Fees are higher than the industry average across all account balances assessed, although discounts apply once the member's account balance exceeds $100,000.The fund offers good flexibility, with members having the ability to receive payments fortnightly through to annually, on a date set by the fund. Pension payments can be automatically indexed by the CPI or a fixed percentage each year. Members also have access to a number of estate planning options, including binding nominations, non-binding nominations and reversionary beneficiaries.Other features include secure online member access, financial planning and consolidated reporting.

Features and Fees

IOOF Fees and Features

    Pros and Cons

    • Extensive investment choice.
    • Ability to maintain AustChoice Super membership regardless of work status through the three divisions available within AustChoice.
    • Dedicated customer service staff.

    AustChoice Super Account Based Pension is a division of the IOOF Portfolio Service Superannuation Fund, providing members with income in retirement. This product is closed to new members.AustChoice Super offers members an extensive investment menu comprising of ready-made diversified and single sector portfolios, externally managed funds, listed investments and term deposits. The MultiMix Balanced Growth Trust option outperformed the SuperRatings Index over the 7 years to 30 June 2019.Fees are higher than the industry average across all account balances assessed, although discounts apply once the member's account balance exceeds $100,000.The fund offers good flexibility, with members having the ability to receive payments fortnightly through to annually, on a date set by the fund. Pension payments can be automatically indexed by the CPI or a fixed percentage each year. Members also have access to a number of estate planning options, including binding nominations, non-binding nominations and reversionary beneficiaries.Other features include secure online member access, financial planning and consolidated reporting.

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    IOOF 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
      CONSERVATIVE BALANCE
      SECURE
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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