OnePath

OnePath OptiMix Allocated Pension

Past 5-year return
1.99%
Admin fee

$0

Calc fees on 50k

$1.4k

SuperRatings awards
Past 5-year return
1.99%
Admin fee

$0

Calc fees on 50k

$1.4k

SuperRatings awards

Pros and Cons

Pros and Cons

  • Choice of 12 OptiMix Investment funds, 5 diversified and 7 asset specific options.
  • Entry Fee and Nil Entry Fee options with rebates.
  • Switching between investment options does not incur a fee.
  • Member fee only applies to account balances under $10,000.
  • Online account information, statements, annual reports, switch processing via account access.
  • Minimum initial investment $20,000.

Summary

OnePath's OptiMix Allocated Pension is a flexible retail retirement account that is designed to pay a regular income for retirees and people transitioning to retirement. The product offers a range of multi-manager funds that are managed by individual investment managers based on their specific expertise. This product is closed to new members. Members are provided access to OptiMix Diversified and Single sector investment funds, each fund with an investment philosophy ranging from conservative to a strong growth-oriented approach. The OnePath OptiMix Balanced (NCF) option underperformed the SuperRatings Index over the 10 year period to 30 June 2019.OptiMix Pension's fees are higher than the industry average across all account balances assessed. However, members with balances over $10K are exempt from the fixed member fee, with further rebates applied on balances exceeding $100K. Unlimited switches between investment options can be made, free of charge. OptiMix Pension offers reasonable flexibility, with members having the ability to receive payments monthly through to annually. Beneficiary options include binding and non-binding nominations, reversionary beneficiaries and a child pension. Members can choose to increase their pension payments each year by a fixed percentage up to a maximum of 9%. Interactive online tools, calculators and factsheets are available through the fund's website.

Features and Fees

OnePath Fees and Features

    Pros and Cons

    • Choice of 12 OptiMix Investment funds, 5 diversified and 7 asset specific options.
    • Entry Fee and Nil Entry Fee options with rebates.
    • Switching between investment options does not incur a fee.
    • Member fee only applies to account balances under $10,000.
    • Online account information, statements, annual reports, switch processing via account access.
    • Minimum initial investment $20,000.

    OnePath's OptiMix Allocated Pension is a flexible retail retirement account that is designed to pay a regular income for retirees and people transitioning to retirement. The product offers a range of multi-manager funds that are managed by individual investment managers based on their specific expertise. This product is closed to new members. Members are provided access to OptiMix Diversified and Single sector investment funds, each fund with an investment philosophy ranging from conservative to a strong growth-oriented approach. The OnePath OptiMix Balanced (NCF) option underperformed the SuperRatings Index over the 10 year period to 30 June 2019.OptiMix Pension's fees are higher than the industry average across all account balances assessed. However, members with balances over $10K are exempt from the fixed member fee, with further rebates applied on balances exceeding $100K. Unlimited switches between investment options can be made, free of charge. OptiMix Pension offers reasonable flexibility, with members having the ability to receive payments monthly through to annually. Beneficiary options include binding and non-binding nominations, reversionary beneficiaries and a child pension. Members can choose to increase their pension payments each year by a fixed percentage up to a maximum of 9%. Interactive online tools, calculators and factsheets are available through the fund's website.

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    OnePath 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
      HIGH GROWTH
      CONSERVATIVE BALANCE
      SECURE
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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