On this page
Pros and Cons
- Wide range of investment options.
- Management fees are applicable and there are savings to be made on large account balances.
- Automatic investment adjuster available.
- Retirement super consolidator offering short term solutions.
- Seamless transfer to Zurich's retirement income product.
- Flexible payment options.
Zurich Account Based Pension was launched in 1994, with the aim to provide members with a flexible and convenient way to manage their retirement. A minimum of $20,000 is required to open an Account Based Pension, and a Transition to Retirement Pension is also available.Members have access to 13 Diversified and Single-Sector investment strategies. Alternatively, members can select the Automatic Investment Adjuster, which uses a combination of several existing investment options and reduces a member's exposure to growth assets as they get older. The Managed Growth option underperformed the SuperRatings Index over all assessed time periods to 30 June 2020.Fees for this product are lower than the industry average across all account balances assessed. A minimum administration fee of $267.60 p.a. applies to each account, while members with larger account balances are offered reduced administration fees. No switching fees are charged, although changing investment options may incur transaction costs. Zurich Account Based Pension offers a reasonable level of flexibility. Members can choose to receive their pension payments on a monthly, quarterly, half-yearly or annual basis. Members can also nominate a specific pension drawdown order or have payment made pro-rata across investments.The fund's website contains useful superannuation information to assist members. Members can also access their account via My Zurich.
Zurich Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Past 5-year return
Calc fees on 50k
Variety of options
Go to site
Popular pension funds products
AustralianSuper Choice Income Account
Strong long-term performance and low fees
Flexible investment choice - 11 options and the Member Direct
Free retirement seminars and webcasts
Full online account access at any time via PensionOnline with Mobile App available
Perpetual WealthFocus Pension Plan
Extensive investment menu of highly rated funds with quality managers.
Pension Refresh Facility available.
Plum Retirement Income
Support: Plum Retirement Income offers access to phone-based help, online education, an electronic application process, and six monthly member statements which provides a level of assurance for members to make retirement decisions.
Transition to retirement and Account based pension product: Plum Retirement Income allows members to transition to retirement via the Self Select Investment Path.