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IOOF Pension (Core Menu)

Past 5-year return
8.59%
Admin fee
$117
Calculated Fees on 50k
$852
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Extensive investment menu. Bi-annual benefit statements.
Online access to account details including the ability to update personal details, trade in equities and switch managed funds.
Pension members can elect to automatically index pension payments to CPI or another discretionary percentage.
Pension is available as a transition to retirement pension.
In-specie transfer of share holdings available prior to commencement of pension.
IOOF Pension is a Division of the IOOF Portfolio Service Superannuation Fund and is an account-based pension which provides members a tax effective income in retirement.The Core Menu offers members access to ready-made portfolios, consisting of a range of diversified and single sector multi-manager trusts. The MultiMix Balanced Growth Trust outperformed the SuperRatings Index over the year to 30 June 2018; however, underperformed over the longer term.Fees are higher than the industry average across all account balances assessed; however, a reduced asset administration fee is applicable on account balances over $250K. Members are able to switch investment options without incurring a switching fee, while the first partial withdrawal per financial year is free of charge.IOOF Pension provides reasonable flexibility, with members having the ability to receive payments monthly 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 with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options include 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. IOOF Online allows members to view and update account details as well as perform transactions, including switching investments. Members have access to financial advice provided by IOOF Investment Management Limited directly or through numerous adviser groups.
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Fees & fund features

Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.12%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.12%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Past 5-year return
Admin fee
Calculated Fees on 50k
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