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Quick pension fund review
For brightday Complete Pension
These are the benefts of this pension fund.
- Research, invest, change and track investments, all online
- Huge range of options - shares, managed funds, managed account portfolios, term deposits and cash
- Articles and video tutorials tailored to your experience level
- Featured Funds - our selection of highest performing managed investments
Established in December 2014, brightday Complete Pension is an account-based pension product. It was offered through the MAP Master Superannuation Plan and is now a sub-plan of OneSuper (formerly SmartSave ‘Member’s Choice’ Superannuation Master Trust Plan) via a Successor Fund Transfer in December 2020. A Transition to Retirement Pension (TTR) is also available to eligible members, subject to a minimum initial investment of $20,000. Members are offered a comprehensive investment menu, consisting of 5 Diversified and Single-Sector investment options, and a range of Super Wrap investment options, including the Cash Hub, Managed Funds, Managed Account Model Portfolios, ASX Listed Securities and Term Deposits. The Passive Balanced option outperformed the relevant SuperRatings Index over the year to 30 June 2020; however, underperformed over 3-and 5-year periods. We note the option has a lower allocation to growth assets than a typical Balanced (60-76) strategy. Fees for this product are lower than the industry average across all assessed account balances. A minimum administration fee of $250 p.a. is applicable and a switching fee is charged after 2 free investment switches per annum.brightday Complete Pension provides reasonable flexibility, with members having the ability to receive payments monthly through to annually, on a date set by the fund. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. Additional benefits include a broad range of educational resources, comprehensive research material of brightday stock screener and featured funds, as well as a portfolio planner assisting members to build their portfolio and achieve investment objectives. Members are also able to change details and perform transactions via the Secure Online Portal.
Pension fund overview
For brightday Complete Pension
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Popular pension funds products
Plum Retirement Income Plum Active - Moderate
Support: Plum Retirement Income offers access to phone-based help, online education, an electronic application process, and six monthly member statements which provides a level of assurance for members to make retirement decisions.
Transition to retirement and Account based pension product: Plum Retirement Income allows members to transition to retirement via the Self Select Investment Path.
PortfolioOne Allocated Pension Service OptiMix Wholesale Balanced Trust Class B Units
For further information refer to the fund's PDS.
Prime Super Retirement Income Stream Balanced
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
QANTAS Super Gateway - Income Account Growth
Competitive and flexible insurance offering.
Full range of investment options.