Pursuit Select Allocated Pension > Product Information

Pursuit Select Allocated Pension

Offers an easy and convenient way to turn part or all of your superannuation savings into a regular income stream in retirement
$20,000 minimum entry
Access to term deposits and a comprehensive range of managed funds across all asset classes and styles including around 180 managed funds from over 25 leading fund managers, generally at wholesale prices
Switchability - Move between similar products in the Core and Select models as your circumstances change (conditions apply)
Transparent fees - One Administration Fee regardless of how many times you transact on your superannuation account. Administration Fees are capped at $3,150 p.a. for account balances of $500,000 and above
Track your investment online via IOOF's portfolio management tool, Portfolio Online

Retirement planning is one of the most important investment decisions that you will ever make. It's therefore important that you have a retirement income solution that can be tailored to suit your individual needs. Let us take the hassle out of achieving your financial goals in retirement.

Pursuit Select Allocated Pension offers you a comprehensive investment to help you control, manage and maximise your superannuation savings in retirement. When you invest through Pursuit Select Allocated Pension you gain access to term deposits and over around 180 managed funds. You select the investment strategy you want for your pension account, making it easy to manage your retirement income goals.

It's important that you seek advice from your financial adviser before deciding which pension suits your individual needs.

A retirement income stream is a long-term investment. That's why you need Pursuit Select Allocated Pension - a pension solution that can be tailored to your retirement income needs.

*Commonwealth Government regulations impose restrictions on when you can make lump sum (cash) withdrawals where you have selected the transition to retirement pension option. Pension payments will cease when your pension account balance is exhausted so these pensions may not provide you with an income stream for the rest of your life. Your account balance depends on investment earnings which may rise or fall.

How do the Pursuit Select Pensions work?

The Pursuit Select Pensions allow you to turn part or all of your super savings into a tax-effective retirement income stream. With a variety of estate planning options to protect your family's income, through Pursuit Select Pensions, you and your financial adviser set your investment strategy and we do the rest.

As your needs and circumstances change over time, so might your investment objectives. If you find you no longer require access to such a wide range of investment options and would prefer a low maintenance and more straightforward investment process, you can transfer into a Pursuit Core Pension product (conditions apply).

Is a Pursuit Allocated Pension right for me?

Pursuit Select Allocated Pension offers members enhanced features and functionality to provide a greater level of investment control and flexibility. Pursuit Select Pensions are suited to people who have reached their preservation (age 55 or over depending on date of birth) and are permanently retired from full-time work that require a flexible regular income stream to support your lifestyle. A Transition to Retirement pension option is also available for those people who have reached preservation age and are still in the workforce.

With transparent fees, access to a wide range of managed funds across all asset classes and many flexible investment instructions and income distribution options, Pursuit Select Pensions are designed to suit the retirement income needs of the more sophisticated and experienced investor.

If you have clear retirement income goals and appreciate greater investment choice and a low cost transparent fee structure, Pursuit Select Pensions can be tailored to suit your individual financial objectives.

What are the tax advantages of using Pursuit Select Pensions?

Your investments through a Pursuit Select Pension are held in a tax exempt environment. This means no tax is paid on investment earnings. Also no capital gains tax applies if you choose to switch any of your managed funds, transfer between pension products under the Pursuit banner or move from a pension product to a superannuation product.

Key features and benefits

Features		Benefits
Transition to Retirement pension option	You can commence a Transition to Retirement pension once you have reached your preservation age (age 55 or over depending on your date of birth), regardless of your employment status. A Transition to Retirement option is available.	Freedom - allows you to commence a retirement income stream while you are still in the workforce.
Managed funds that are easy to access	A comprehensive range of managed funds and term deposits including around 180 managed funds across all asset classes and styles, from over 25 leading investment managers, generally at wholesale prices. Includes access to IOOF multi-manager Trusts for a simple and easy investment choice.	Investment variety - all managed funds are well researched and monitored by us.
Switchability (within models)	Easy and flexible investment instruction methods allowing you to seamlessly transfer between managed funds in the same model.	Control - you and your financial adviser remain in control of your pension account at all times.
Switchability (between models)	Move between similar products in the Select and Core models and between superannuation and pension products in both models (conditions apply).	Make changes easily if your circumstances alter without having to change your pension provider (conditions apply).
Flexible benefit options	Choose the amount and frequency of your annual pension payments (subject to Commonwealth Government pension payment rules).	Flexibility- flexible income distribution options.
Transparent fees	One Administration Fee regardless of how many times you transact on your pension account.	Clear cut and competitive pricing - a straightforward cost structure that is completely transparent.
Fee aggregation	Gives you and your family the ability to link up to four Pursuit Select accounts (conditions apply) to gain a reduction in the total Administration Fee that applies to each account.	Reduce the Administration Fee paid on “linked” accounts by you and your family through Fee Aggregation.
Estate planning	Plan for your family's future with our estate planning options which include reversionary beneficiary, binding and non-binding nominations.	Plan for your family's future with our estate planning options.
Reversionary beneficiary	Provide for your spouse or other nominated dependant by electing for them to receive your benefit (the remaining balance of your pension account (if any)) as a reversionary pension in the event of your death.	Plan for your family's future with our estate planning options.
Service and support	Comprehensive and consolidated reporting on all of your investments in your pension account via a secure online site - Portfolio Online .	Access to the right information - Regular communications providing access to information about your pension account when you need it.
More investment solutions	Access to a range of other Pursuit financial products and services to cater for every life stage, including Pursuit Select Investments and Pursuit Select Personal Superannuation.	Use the specialist funds manager and administration platform provider that you know to access a retirement income stream that can help you to achieve your retirement goals.
Expertise	The knowledge and expertise of a company with the experience of servicing members and investors with over $23.6 billion* in funds under management and administration. * As at 31 December 2008	Financial peace of mind.

How much does it cost?

The Pursuit Select Pension products require a minimum initial deposit of $20,000 per pension account. Your pension will then be paid in the amount and frequency that you select (subject to Commonwealth Government minimum pension payment rules) until the account balance is exhausted.

All fees charged are shown separately and are completely transparent. The Pursuit Select Pension products are highly competitive and easy to understand. We only charge you one Administration Fee regardless of how many times you transact on your account.

The fees and costs for managing your investment in a Pursuit Select Pension are:

Administration Fee

	Part of your account balance	Administration Fee
	$0 - $100,000	0.95% p.a.
	Next $400,000	0.55% p.a.
	Above $500,000	NIL

There is a minimum Administration Fee of $30 per month ($360 p.a.) and a maximum Administration Fee of $3,150 p.a. - no matter how large your pension account. The minimum Administration Fee generally applies to account balances below $37,895 and the maximum applies to account balances above $500,000.

Management Costs applied by each investment manager - these are charged separately by the investment manager for each managed fund. The fees for each managed fund you choose are set out in fact sheet 2: Pursuit Select investment options menu and in the relevant product disclosure statement for each underlying managed fund.
Adviser Service Fee(s) - this fee is where you choose for financial advice to be provided in relation to your investment in a Pursuit Select Pension product. You and a financial adviser selected by you have the flexibility to nominate an amount (if any), within limits that are set by us, for each of the three Adviser Service Fee options available namely

Adviser Service Fee - Upfront, payable on each deposit;
Adviser Service Fee - Ongoing, payable as a percentage of your account balance or a fixed monthly amount; and/or
Adviser Service Fee - Once Off, a single fee as agreed with the financial adviser.

These fees are charged by us and we deduct the cost from your pension account. We then pay the full amount of our fees to the financial adviser for the financial advice and services provided in relation to your account. Unless you agree to these fees and specify otherwise, the Adviser Service Fee(s) are automatically set at zero.

Please Note: Fees are inclusive of GST and net of any reduced input tax credits.

How do I start maximising my retirement income?

Before you begin investing in a Pursuit Core Allocated Pension you need to obtain a copy of the Pursuit Select Allocated Pension Product Disclosure Statement (PDS) and in the relevant product disclosure statement for each underlying managed fund. Your financial adviser can provide you with a PDS or you can call an IOOF Client Services Officer on 1800 062 963.

Once you have read and understood the PDS your financial adviser can help you work out your investment strategy, select managed funds intended to achieve that strategy and assist you to complete your Application Form.

We look forward to working with you to achieve your financial goals in retirement.

IOOF - Your Investment Guardians

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Key features and benefits