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ANZ Smart Choice Pension

ANZ Smart Choice Pension

No. of members:

919797

Fund size:

$38.8b

Public offer:

Product type:

Master Trust-Allocated Pension

Target market:

Year started:

2011

- Last updated on 02 Jul 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.84%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

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QSuper terms and conditions

Pension summary
Fees & fund features
Performance
Products
Similar

Past 5-year return

4.66%

Admin fee

$50

Calc fees on 50k

$325

SuperRatings awards

Account balance is visible on ANZ Internet Banking alongside the customer's bank accounts Pension and lump sum payments via ANZ Internet Banking.

Age based default funds. The asset allocation is adjusted automatically based on age.

ANZ Smart Choice Super is an easy, low-cost superannuation product that was established in December 2011. ANZ Smart Choice provides members the option to choose their own investment mix from 3 multi-asset class options and 7 single-asset options, or to invest in a Lifestage investment option, which automatically adjusts the investment mix with a higher allocation to less volatile investments as members approach retirement. The 1960's option outperformed the SuperRatings Index over the year to 30 June 2019. Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options free of charge.ANZ Smart Choice offers good flexibility, with members having the ability to receive payments monthly through to annually on any business day of the week. Members with more than one investment option can nominate the order in which payments are to be drawn from each option. Furthermore, eligible ANZ Smart Choice Pension account members automatically receive Lifestage Death Insurance Cover upon joining the fund. Beneficiary options include reversionary, lump sum and non-lapsing binding death benefit nomination. Members are provided the ability to track their super account online via the ANZ app, alongside online banking, share investing and insurance. ANZ Internet Banking further allows members to view and update their super account details, as well as perform transactions. Educational articles and videos are also on offer via the ANZ SuperInsights digital magazine.

OnePath Fees and Features

Admin fee $50	Health insurance
Administration fee (%) 0.03%	Binding nominations
Indirect cost ratio (%) 0.02%	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.5%	Long term income protection
Account size discount

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

DIVERSIFIED FIXED INTEREST

AUSTRALIAN SHARES

INTERNATIONAL SHARES

CAPITAL STABLE

PROPERTY

CASH

+ View additional option performance information

Now showing 1 - 7 of 7 pension funds

Sort by

Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features
ANZ Smart Choice Pension	4.66%	$50	Promoted ANZ Smart Choice Pension	$325	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
OnePath OneAnswer Frontier Pension	3.36%	$0	Promoted OnePath OneAnswer Frontier Pension	$425	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
PortfolioOne Allocated Pension Service	3.30%	$660	Promoted PortfolioOne Allocated Pension Service	$1.1k	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
OnePath OneAnswer Pension	1.62%	$0	Promoted OnePath OneAnswer Pension	$1.4k	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
OnePath OptiMix Allocated Pension	1.62%	$0	Promoted OnePath OptiMix Allocated Pension	$1.4k	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
ANZ OneAnswer Pension	1.62%	$0	Promoted ANZ OneAnswer Pension	$1.3k	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
Grow Wrap Pension	New Fund	$0	Promoted Grow Wrap Pension	$365	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
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Data last updated on 2 Jul 2020

Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Past performance is not a reliable indicator of future performance. More detailed performance data is available by clicking on the details button.

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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.