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Pros and Cons
- Only $10,000 minimum investment required.
- Transparent fees - one administration fee regardless of how many times the member transacts on their account.
- Members can track their investment online through Portfolio Online.
- Comprehensive and consolidated reporting.
- Switchability between products.
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.The Pursuit Focus investment menu consists of 'Easy Choice' options, providing members with access to a broad range of diversified and single sector multi-manager options. 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 lower than the industry average across all assessed account balances. Members can switch investment options without incurring a switching fee, although, a buy-sell spread may apply.IOOF Pursuit Focus 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, non-lapsing 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.
IOOF Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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