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Whole Pension

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$723
Compare
Strong website.
Member online portal.
Member online application.
Enhanced investment options.
Whole Pension was established in June 2015 and is an account-based pension product offered through the MAP Superannuation Plan Division II, giving members the ability to receive a tax effective income stream while keeping superannuation savings invested. A minimum initial investment of $20,000 is required to commence a Whole Pension, and a Transition to Retirement Pension is also available.Members are offered a comprehensive investment menu, consisting of 6 pooled investment strategies and a range of Super Wrap investment options which include Managed Funds, Managed Account Portfolios, Direct Shares and Term Deposits. The Super Balanced option is for members who seek high returns over the medium to long term in a diversified investment option. Performance history is currently unavailable for this product.Fees associated with this product are higher than the industry average across medium and large account balances assessed. A minimum administration fee of $250 applies to each account. A switching fee is charged after two free switches per annum, while an exit fee applies for leaving the fund.Whole Pension provides reasonable flexibility, with members having the ability to receive payments monthly, quarterly, bi-annually or annually, on a date set by the fund. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. Members have 24 hours a day access to their account online via the secure online portal ‘Super Prophets Implement’, where they can manage their account and perform transactions such as switching investment options and changing their group life insurance cover.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.57%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.47%
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$35
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
$0
Administration fee (%)
Administration fee (%)
0.57%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.47%
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$35
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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