Smartsave

Smartsave - Smart Pension

No. of members: 6523
Fund size: $187.8m
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2001
Past 5-year return
-
Admin fee

$0

Calc fees on 50k

$849

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
-
Admin fee

$0

Calc fees on 50k

$849

SuperRatings awards

Pros and Cons

Pros and Cons

  • No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.

Summary

The Smartsave 'Member's Choice' Superannuation Master Plan was established in 2001. A minimum initial investment of $20,000 is required to commence a Smartsave Smart Pension account.Members have access to an investment menu consisting of 3 Diversified and 4 Single Sector options across a range of risk and return profiles. The Growth option has limited performance data available and therefore cannot be accurately measured against the relevant SuperRatings index.Fees are higher than the industry average across all assessed account balances. The fund does not charge an investment switching fee, although a buy/sell spread may apply.The Smartsave Smart Pension provides members with reasonable levels of flexibility. Members can select from monthly, quarterly, half-yearly and yearly payment frequencies, with all payments made directly to the member's bank account on a date nominated by the fund. Beneficiary options are comprehensive, including non-lapsing binding and non-binding beneficiary nominations, as well as reversionary pensions, including child nominations. Members and employers can access financial planning services through the fund as well as a variety of tools, member communications and educational material on the fund's website which also gives advisers, members and employers the ability to track and manage their account details online.

Features and Fees

Smartsave Fees and Features

    Pros and Cons

    • No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.

    The Smartsave 'Member's Choice' Superannuation Master Plan was established in 2001. A minimum initial investment of $20,000 is required to commence a Smartsave Smart Pension account.Members have access to an investment menu consisting of 3 Diversified and 4 Single Sector options across a range of risk and return profiles. The Growth option has limited performance data available and therefore cannot be accurately measured against the relevant SuperRatings index.Fees are higher than the industry average across all assessed account balances. The fund does not charge an investment switching fee, although a buy/sell spread may apply.The Smartsave Smart Pension provides members with reasonable levels of flexibility. Members can select from monthly, quarterly, half-yearly and yearly payment frequencies, with all payments made directly to the member's bank account on a date nominated by the fund. Beneficiary options are comprehensive, including non-lapsing binding and non-binding beneficiary nominations, as well as reversionary pensions, including child nominations. Members and employers can access financial planning services through the fund as well as a variety of tools, member communications and educational material on the fund's website which also gives advisers, members and employers the ability to track and manage their account details online.

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    Smartsave Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      CONSERVATIVE BALANCE
      AUSTRALIAN SHARES
      CASH
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      Past 5-year return
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