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Quick pension fund review
For RetireSelect Pension
These are the benefits of this pension fund.
- Online account setup and management.
- Simple core investment options, plus Self-managed investment options.
- Easy to use online member portal.
- Comprehensive financial advice available.
RetireSelect Pension was established in November 2013 through the MAP Superannuation Plan Division II 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 minimum initial investment of $20,000 is required to commence a Pension account, and a Transition to Retirement Pension is also available. Members are offered an investment menu, consisting of 4 Diversified strategies, a Cash option and a range of Super Wrap investment options, which include Managed Funds, a Cash Hub, Managed Account Model Portfolios, ASX Listed Securities and Term Deposits. The Growth option underperformed the SuperRatings Index over each time period assessed to 30 June 2020. Fees for this product are lower than the industry average across all account balances assessed. Members can make investment switches at no cost, although a buy/sell spread may apply.RetireSelect 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 both binding and non-binding nominations, as well as reversionary pensions.Additional benefits available include a range of fact sheets and educational material, as well as the ability to manage their accounts via the Member Secure Online Portal to check balances and perform transactions such as switching investment options and varying pension payments.
Pension fund overview
For RetireSelect Pension
Target Market Determination
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Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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