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IOOF

IOOF Essential Pension

IOOF MultiSeries 70

Awards

Winner of SuperRatings Gold 2021 Pension

Past 5-year return
8.94

% p.a

Admin fee

$117

Calc fees on 50k

$542

SuperRatings awards
SuperRatings Gold 2021 Pension
Past 5-year return
8.94

% p.a

Admin fee

$117

Calc fees on 50k

$542

SuperRatings awards
SuperRatings Gold 2021 Pension

Quick pension fund review

For IOOF Essential Pension

These are the benefits of this pension fund.

  • Cost-effective platform solution
  • Contemporary and intuitive client and adviser online portals.
  • Choice of 15 highly-regarded range of multi-manager funds (IOOF MultiSeries, MultiMix and Specialist Property Fund).
  • Advisers can set up accounts completely online.
  • Comprehensive adviser and client reporting.

IOOF Essential 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 $10,000 is required to commence an IOOF Essential Pension account.The investment menu consists of a range of diversified and single sector multi-manager options. The IOOF MultiSeries 70 option outperformed the SuperRatings Index over the 1-year period to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with a reduced asset administration fee applicable on account balances over $250K. Members can switch investment options without incurring a switching fee, although, a buy-sell spread may apply.IOOF Essential 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, IOOF 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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Pension fund overview

For IOOF Essential Pension

TMD

    Target Market Determination

    Visit IOOF to view Target Market Determination.

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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
    OTHER
    Investment option performance
    BALANCED
    CONSERVATIVE BALANCE
    SECURE
    DIVERSIFIED FIXED INTEREST
    GROWTH
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    CAPITAL STABLE
    + View additional option performance information