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Quick pension fund review
For Russell iQ Retirement
These are the benefts of this pension fund.
- Contribution 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 account access with transaction capabilities.
- 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 iQ Retirement offers an investment menu of 9 Diversified options and 14 Single Sector options. The Russell Balanced Growth option underperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with rebates applying to management fees on account balances over $500,000. The fund does not charge an investment switching fee; however, a buy-sell spread may apply.Russell iQ Retirement offers good pension flexibility, with members able to select from monthly to yearly payment frequencies. Members with more than one investment option can nominate the investment options from which payments are to be drawn. Members can also select from reversionary pensions, binding death nomination and non-binding lump sum death benefits.A range of online tools, calculators and educational resources are available through the fund's website. Further, members can view and update account details, as well as perform transactions through secure online account access.
Pension fund overview
For Russell iQ Retirement
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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