Victorian Independent Schools Superannuation Fund

Victorian Independent Schools Superannuation Fund - Allocated Pension

Past 5-year return
5.43%
Admin fee

$660

Calc fees on 50k

$1k

SuperRatings awards
Past 5-year return
5.43%
Admin fee

$660

Calc fees on 50k

$1k

SuperRatings awards

Pros and Cons

Pros and Cons

  • Access to your super account 24/7 via Member Online and the VISSF mobile app for smartphones.
  • Easy super management so you can quickly find and combine other super into your VISSF account.
  • Competitive fees and a track record of consistent long-term performance.
  • Financial advice services to help you answer simple super and retirement questions or prepare tailored financial plans.
  • Regular educational seminars, short videos and webinars to help boost your super balance and prepare for life after work.

Summary

The Victorian Independent Schools Superannuation Fund (VISSF) Allocated Pension was established in 2000 and is designed to service the pension needs of teachers and employees working in independent schools. The fund offers members a simple investment menu of 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees associated with this product are competitive compared to the industry average across medium and large account balances assessed. Fees are less competitive for those with small account balances, as a relatively high flat dollar member fee is charged. Members are entitled to 2 free investment switches per year and are not charged a buy-sell spread.VISSF Allocated Pension offers reasonable pension flexibility with members receiving monthly payments as well as a choice of reversionary pensions or a binding lump-sum death benefit payment.VISSF members can access comprehensive financial services advice, including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.

Features and Fees

Victorian Independent Schools Superannuation Fund Fees and Features

    Pros and Cons

    • Access to your super account 24/7 via Member Online and the VISSF mobile app for smartphones.
    • Easy super management so you can quickly find and combine other super into your VISSF account.
    • Competitive fees and a track record of consistent long-term performance.
    • Financial advice services to help you answer simple super and retirement questions or prepare tailored financial plans.
    • Regular educational seminars, short videos and webinars to help boost your super balance and prepare for life after work.

    The Victorian Independent Schools Superannuation Fund (VISSF) Allocated Pension was established in 2000 and is designed to service the pension needs of teachers and employees working in independent schools. The fund offers members a simple investment menu of 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees associated with this product are competitive compared to the industry average across medium and large account balances assessed. Fees are less competitive for those with small account balances, as a relatively high flat dollar member fee is charged. Members are entitled to 2 free investment switches per year and are not charged a buy-sell spread.VISSF Allocated Pension offers reasonable pension flexibility with members receiving monthly payments as well as a choice of reversionary pensions or a binding lump-sum death benefit payment.VISSF members can access comprehensive financial services advice, including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.

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    Victorian Independent Schools Superannuation Fund 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
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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