IOOF
Awards

Winner of Gold, RateCity Gold Awards 2021

eXpand Pension

Past 5-year return
New

% p.a

Admin fee

$180

Calc fees on 50k

$1k

SuperRatings awards
Gold
Past 5-year return
New

% p.a

Admin fee

$180

Calc fees on 50k

$1k

SuperRatings awards
Gold

Pros and Cons

  • Has its own Managed Discretionary Account (MDA) solution, Managed Portfolio Service.
  • Family Fee Aggregation (up to 6 linked accounts).
  • Contemporary and intuitive client and adviser online portals.
  • 300 plus managed funds to choose from and also ASX300 listed securities, LICs, ETFs, LITs, and hybrids.
  • Advisers can set up accounts completely online.
  • Comprehensive adviser and client reporting.

eXpand Pension is a Division of the IOOF Portfolio Service Superannuation Fund and is an account-based pension which provides members a tax effective pension in retirement. A minimum account balance of $20,000 is required to commence an eXpand Pension account.The investment menu consists of a range of diversified and single-sector managed investments, as well as a majority of listed investments on the S&P/ASX 300. Performance history is not available for this product.Fees are higher than the industry average across all account balances assessed. A reduced asset administration fee is applicable on account balances over $250K and capped at $5,000 pa. Eligible members may also apply for Family Fee Aggregation, allowing for up to six accounts to be linked to reduce the administration fee payable. Members are able to switch investment options without incurring a switching fee, although, a buy-sell spread may apply.eXpand Pension provides 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 indexed each year by a specific percentage or in-line with CPI. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.A range of online tools, calculators and educational resources are available through the fund's website. The fund’s secure online facility, eXpand Online, allows members to view and update account details as well as perform transactions, including switching investments. Portfolio summaries, record of transactions, statements and reports are also available.

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IOOF Fees and Features

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    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
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    Investment option performance
    BALANCED
    CONSERVATIVE BALANCE
    SECURE
    DIVERSIFIED FIXED INTEREST
    GROWTH
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    CAPITAL STABLE
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