Macquarie Bank

Macquarie SuperOptions - Allocated Pension Plan

Past 5-year return
New
Admin fee

$60

Calc fees on 50k

$1k

SuperRatings awards
Past 5-year return
New
Admin fee

$60

Calc fees on 50k

$1k

SuperRatings awards

Pros and Cons

Pros and Cons

  • Master trust style product offering 36 options from a number of fund managers for members to invest in.

Summary

Macquarie SuperOptions Pension Plan was established in 1992 and is one of a range of pension products offered by Macquarie; however, this product closed to new investments effective 1 June 2012. The fund offers a good choice of investment options including Sector-Specific and Multi-Sector investment options, enabling members to tailor their portfolios. The Macquarie Master Balanced Fund underperformed the SuperRatings Index over the 5 years to 30 June 2019.Fees are higher than the industry average across all account balances assessed. However, certain portions of the fees are negotiable with financial advisers and a rebate applies to the management fee on account balances over $200,000. The fund does not charge an investment switching fee, although a buy-sell spread may apply.Macquarie SuperOptions Allocated Pension Plan offers reasonable pension flexibility with members able to select from monthly through to yearly payment frequencies. Members have the ability to automatically increase pension payments by a nominated percentage or by CPI annually. Beneficiary options are comprehensive, including non-lapsing death benefit nominations, as well as reversionary pensions, including child pensions.Macquarie Wealth Management is able to offer comprehensive member education and access to financial advisers. Online access to portfolio information including past transactions, account balance and insurance cover are also available to members.

Features and Fees

Macquarie Bank Fees and Features

    Pros and Cons

    • Master trust style product offering 36 options from a number of fund managers for members to invest in.

    Macquarie SuperOptions Pension Plan was established in 1992 and is one of a range of pension products offered by Macquarie; however, this product closed to new investments effective 1 June 2012. The fund offers a good choice of investment options including Sector-Specific and Multi-Sector investment options, enabling members to tailor their portfolios. The Macquarie Master Balanced Fund underperformed the SuperRatings Index over the 5 years to 30 June 2019.Fees are higher than the industry average across all account balances assessed. However, certain portions of the fees are negotiable with financial advisers and a rebate applies to the management fee on account balances over $200,000. The fund does not charge an investment switching fee, although a buy-sell spread may apply.Macquarie SuperOptions Allocated Pension Plan offers reasonable pension flexibility with members able to select from monthly through to yearly payment frequencies. Members have the ability to automatically increase pension payments by a nominated percentage or by CPI annually. Beneficiary options are comprehensive, including non-lapsing death benefit nominations, as well as reversionary pensions, including child pensions.Macquarie Wealth Management is able to offer comprehensive member education and access to financial advisers. Online access to portfolio information including past transactions, account balance and insurance cover are also available to members.

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    Macquarie Bank Fees and Features

      Fund fees vs. Industry average
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      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
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      Investment option performance
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      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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