IOOF Pursuit - Core Allocated Pension

IOOF Pursuit is a Division of the IOOF Portfolio Service Superannuation Fund and comprises a range of flexible superannuation products, including IOOF Pursuit Core, IOOF Pursuit Focus and IOOF Pursuit Select. IOOF Pursuit allows quick and easy movement between the different Pursuit models and between superannuation and pension products under the Pursuit banner as members' investment needs change. IOOF Pursuit Core is closed to new business.The investment menu consists of 'Easy Choice' and 'Investor Choice' options, providing members with access to a broad range of Diversified and Single Sector multi-manager options, as well as term deposits and annuities. The IOOF MultiSeries 70 option underperformed the SuperRatings Index over the 5 years to 30 June 2017.Fees are higher than the industry average across all account balances assessed. Administration fees include ongoing commissions of up to 0.60% pa paid to the financial adviser, however these can be negotiated.IOOF Pursuit Core 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 are comprehensive, including 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.