Russell iQ Retirement
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Past 5-year return
10.27%Admin fee
$156Calculated Fees on 50k
$726Contribution and pension accounts in one.
Banking facility - at call access to pension (via ATM, internet, phone and branches).
Fee rebates for account balances over $500,000 and $1 million, including family linking.
Online transaction access to account.
Dedicated pension helpline answered by specialist team.
External financial advice solution.
No fees to move money between contribution and pension accounts.
Russell iQ Retirement is offered by Russell Investments, a leading global asset manager. Russell iQ Retirement was launched in 2007 and a minimum initial investment of $50,000 is required to commence membership. Russell Investments was a finalist for the 2018 Best New Innovation Award for the Russell Investments Super App. The fund offers members a choice of 6 Diversified and 7 Single Sector options, with members able to invest in up to 12 investments at any one time. The Balanced Portfolio underperformed the SuperRatings Index over the 5 years to 30 June 2017.Fees are lower than the industry average across all account balances assessed, while fee rebates apply to management fees on account balances over $500,000. Members are able to switch investment options and make withdrawals at no cost.Russell provides an excellent level of flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. 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. Further, members are able to view and updated account details, as well as perform transactions through secure online account access.
Fees & fund features
Admin fee | Admin fee $156 |
|---|---|
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 0.54% |
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 $156 |
|---|---|
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 0.54% |
|---|---|
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 past-5-year return vs. Industry average
Investment allocation
+ View additional option performance information
Company | Product | Past 5-year return | Admin fee | Past 5-year return | Calculated Fees on 50k | Features | SuperRatings awards | Go To Site |
|---|---|---|---|---|---|---|---|---|
| Past 5-year return 10.27% | Admin fee $156 | Past 5-year return 10.27% | Calculated Fees on 50k $726 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare |
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