IOOF

IOOF Portfolio Service - Allocated Pension

No. of members: 301878
Fund size: $29.5b
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2003
Past 5-year return
5.42%
Admin fee

$84

Calc fees on 50k

$1k

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
5.42%
Admin fee

$84

Calc fees on 50k

$1k

SuperRatings awards

Pros and Cons

Pros and Cons

  • Access to over 190 managed fund investment options plus over 60 shares listed on the ASX200.
  • Access to Term Deposits.
  • Ability to track accounts online.
  • Ability to apply for insurance online through Financial Adviser.

Summary

IOOF Portfolio Service Allocated Pension is designed for individuals seeking a diverse choice of managed fund investments options without having to set up their own self-managed fund. This product is closed to new members.The investment menu consists of 'Easy Choice', 'Premier Investor Choice', 'Investor Choice' and 'Direct Share Choice' options, providing members with access to an extensive range of diversified and single sector multi-manager options, as well as listed shares, exchange traded funds, term deposits and annuities. The IOOF MultiSeries 70 option outperformed the SuperRatings Index over the year to 30 June 2019; however, underperformance over the longer term remains evident.Fees are higher than the industry average across all account balances assessed; however, a reduced asset administration fee is applicable on account balances over $100K, with the dollar based member fee waived on account balances over $150K. Members can switch investment options without incurring a switching fee.IOOF Portfolio Service Allocated Pension provides good flexibility, with members having the ability to receive payments twice-monthly 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 nonbinding nominations, as well as reversionary pensions. A range of online tools, calculators and educational resources are available through the fund's website. Portfolio Online provides members with secure online access to their account, as well as the ability to generate comprehensive and consolidated reporting on their investments. Financial advice is provided by IOOF Investment Management Limited directly or through numerous adviser groups.

Features and Fees

IOOF Fees and Features

    Pros and Cons

    • Access to over 190 managed fund investment options plus over 60 shares listed on the ASX200.
    • Access to Term Deposits.
    • Ability to track accounts online.
    • Ability to apply for insurance online through Financial Adviser.

    IOOF Portfolio Service Allocated Pension is designed for individuals seeking a diverse choice of managed fund investments options without having to set up their own self-managed fund. This product is closed to new members.The investment menu consists of 'Easy Choice', 'Premier Investor Choice', 'Investor Choice' and 'Direct Share Choice' options, providing members with access to an extensive range of diversified and single sector multi-manager options, as well as listed shares, exchange traded funds, term deposits and annuities. The IOOF MultiSeries 70 option outperformed the SuperRatings Index over the year to 30 June 2019; however, underperformance over the longer term remains evident.Fees are higher than the industry average across all account balances assessed; however, a reduced asset administration fee is applicable on account balances over $100K, with the dollar based member fee waived on account balances over $150K. Members can switch investment options without incurring a switching fee.IOOF Portfolio Service Allocated Pension provides good flexibility, with members having the ability to receive payments twice-monthly 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 nonbinding nominations, as well as reversionary pensions. A range of online tools, calculators and educational resources are available through the fund's website. Portfolio Online provides members with secure online access to their account, as well as the ability to generate comprehensive and consolidated reporting on their investments. Financial advice is provided by IOOF Investment Management Limited directly or through numerous adviser groups.

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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
      DIVERSIFIED FIXED INTEREST
      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
      Go to site

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