ANZ Smart Choice Pension

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Past 5-year return
New fund
Admin fee
$50
Calculated Fees on 50k
$330
Account balance is visible on ANZ Internet Banking alongside the customer's bank accounts Pension and lump sum payments via ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically based on age.
ANZ Smart Choice is part of the OnePath MasterFund and is an easy, low-cost product that was established in December 2011. ANZ Smart Choice provides members the option to choose their own investment mix from 3 multi-asset class options and 5 single-asset options, or to invest in a Lifestage investment option, which automatically adjusts the investment mix with a higher allocation to less volatile investments as members approach retirement. SuperRatings will continue to monitor the investment performance of the recently introduced 1960s option as they become available, while the Growth option underperformed the SuperRatings Index in 2017. Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. ANZ Smart Choice offers good flexibility, with members having the ability to receive payments monthly through to annually on any business day of the week. Members with more than one investment option can nominate the options from which payments are to be drawn. Furthermore, when members open an ANZ Smart Choice Pension account they are automatically eligible for Lifestage Death Insurance Cover. Members can choose to make a non-lapsing binding death benefit nomination.A key feature of the product is the ability to track and manage the super account online via the Grow by ANZ app, alongside online banking, share investing and insurance. Grow Magazine integrated within the Grow App provides educational articles and videos. Financial planning services are also available, whilst all customer communications, including annual statements are delivered to the member's online account.

Fees & fund features

Admin fee
Admin fee
$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
0.50%
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
$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
0.50%
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
+ View additional option performance information
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