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IOOF Pursuit - Select Allocated Pension

Past 5-year return
7.94%
Admin fee
$180
Calculated Fees on 50k
$780
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$20,000 minimum initial investment.
Extensive investment menu.
Transparent fees - one administration fee regardless of how many times the member transacts on their account.
Reduced Administration fee paid on 'linked' accounts by the member and their family through fee aggregation.
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 Select 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, term deposits and annuities. The IOOF MultiSeries 70 option underperformed the SuperRatings Index over the 10 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. A reduced asset administration fee is applicable on account balances over $250K and capped at $5,000 pa. Members can switch investment options and make withdrawals at no cost.IOOF Pursuit Select 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.
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Fees & fund features

Admin fee
Admin fee
$180
Administration fee (%)
Administration fee (%)
0.70%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.50%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$180
Administration fee (%)
Administration fee (%)
0.70%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.50%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Past 5-year return
Admin fee
Calculated Fees on 50k
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