IOOF Employer Super - MySuper
- Last updated on 14 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$117
$542
IOOF Employer Super is a Division of the IOOF Portfolio Service Superannuation Fund and is a lifetime portable super solution that provides members with extensive choice and flexible features.Choice members have access to a range of ready-made portfolios, managed investments, listed investments and term deposits. The fund's MySuper offering comprises a single diversified investment option, the IOOF Balanced Investor Trust. The IOOF Balanced Investor Trust outperformed the SuperRatings Index over the year to 30 June 2019; however, underperformed over the 3 and 5 year periods.Fees are lower than the industry average across all account balances assessed. Members are able to switch investment options without incurring a switching fee. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members on a Default or Customised cover basis as nominated by their employer. Income Protection (IP) with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. Members can apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. A range of online tools, calculators and educational resources are available through the fund's website. IOOF Online allows members to view and update account details as well as perform transactions, including switching investments. Members have access to financial advice provided by IOOF Investment Management Limited directly or through numerous adviser groups.
Admin fee $117 | Health insurance |
Administration fee (%) 0.35% | Binding nominations |
Indirect cost ratio (%) 0.5% | 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 | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
5.42% | $84 | IOOF Portfolio Service - Personal Superannuation | $1k | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
5.42% | $0 | IOOF Pursuit - Core Personal Superannuation | $950 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
5.42% | $117 | IOOF Pursuit - Focus Personal Superannuation | $542 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
5.42% | $180 | IOOF Pursuit - Select Personal Superannuation | $780 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
5.25% | $180 | IOOF Employer Super (Full Menu) | $1.1k | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
5.25% | $180 | IOOF Personal Super (Full Menu) | $1.1k | Advisory services Death insurance Income protection |