IOOF

IOOF Portfolio Service - Allocated Pension

Past 5-year return
5.42

% p.a

Admin fee

$84

Calc fees on 50k

$1k

SuperRatings awards
MyChoice SilverSilver
Past 5-year return
5.42

% p.a

Admin fee

$84

Calc fees on 50k

$1k

SuperRatings awards
MyChoice SilverSilver

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 investments, exchange traded funds, term deposits and annuities. The IOOF MultiSeries 70 option outperformed the SuperRatings Index over the 1- and 3-year periods to 30 June 2020; 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 non-binding 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

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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