What is a Managed Fund?
Managed funds provide investors with the opportunity to pool money with other investors. The pool of monies is then professionally managed according to the investment objective and style of each fund.
Pursuit Core Personal Superannuation
- $2,000 minimum entry
- Simple regular contribution and income reinvestment options
- Access to term deposits and over 35 Australian and international funds from 15 leading investment managers, generally at wholesale prices
- Flexible insurance options available including Death Only cover, Death and Total & Permanent Disablement cover and Salary Continuance cover
- 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
- Track your investment online via IOOF's portfolio management tool, Portfolio Online
Pursuit Core Personal Superannuation offers you an easy and convenient way to help you achieve your retirement savings goals. When you invest through Pursuit Core Personal Superannuation, you gain access to term deposits and over 35 carefully selected managed funds across a range of asset classes. You simply choose the managed funds that suit your investment horizon and risk tolerance, and we do the rest.
Saving for your retirement is one of the most important investments that you will ever make, therefore it's important that you have a superannuation solution that can be tailored to suit your needs. Let us take the hassle out of investing while you retain control and begin working towards achieving your retirement goals today.
Why superannuation?
Superannuation is a savings arrangement where you put money aside to help meet your living costs in retirement. It's generally one of the most tax-effective ways of saving for your retirement as a result of Commonwealth Government tax concessions and incentives.
Superannuation is a long-term investment with restrictions on when you can access your money. That's why you need Pursuit Core Personal Superannuation - a superannuation solution that can be tailored to grow and adapt to your changing financial needs.
As your needs and circumstances change over time, so might your investment objectives. If you find you require access to a greater variety of managed funds, you can transfer to Pursuit Select Personal Superannuation, without incurring any capital gains tax liability provided the same managed funds are available in each product.
How does Pursuit Core Personal Superannuation work?
Pursuit Core Personal Superannuation allows you to efficiently manage and track your retirement savings. There are also a variety of insurance options available to purchase though your superannuation to help you to protect your income and provide a lump sum payment in the event of your death. Using Pursuit Core Personal Superannuation, you and your financial adviser set your investment strategy and we do the rest.
Besides providing an accumulation vehicle for your superannuation savings in Pursuit Core Personal Superannuation, a Pursuit Core pension product can also support you through your retirement. You may invest in a Pursuit Core pension product without having to change your managed funds so no capital gains tax is incurred. Also pension products are in a tax exempt environment, so no capital gains tax is incurred if you switch to new managed funds or decide to make a lump sum withdrawal, if permitted under the terms of the pension.
After you turn age 60, super benefits paid as a lump sum or pension will be tax-free. This means that the tax treatment of providing for your retirement through Pursuit Core Personal Super can be very attractive.
Is Pursuit Core the right personal superannuation product for me?
Pursuit Core Personal Superannuation is designed to be simple to understand. This product is suited to a variety of individuals (employed, self-employed or not working) eligible to save for retirement through superannuation.
With a straightforward flat percentage-based fee structure, access to term deposits and a range of managed funds across asset classes and easy-to-understand investment instructions, Pursuit Core Personal Superannuation caters for the retirement savings needs of investors who are looking for a less complex superannuation product.
If you want the simplicity of consolidated reporting and a low cost transparent fee structure, Pursuit Core Personal Superannuation may suit your individual financial objectives.
Key features and benefits
| Features | Benefits | |
|---|---|---|
| Managed funds that are easy to access |
Access to over 35 carefully selected Australian and international funds from 15 leading investment managers, generally at wholesale prices. Includes access to IOOF multi manager Trusts for simple and easy investment choice. |
Investment choice that meets your needs - benefit from the skills of professional investment managers through access to a well researched range of managed funds. |
| Switchability (within models) | Easy-to-understand 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 superannuation account at all times. |
| Switchability (between models) | Move between similar products in the Core and Select models and between superannuation and pension products in both models (conditions apply). | Make changes to your personal superannuation easily if your circumstances alter without having to change your superannuation provider. |
| Easy investment maintenance | Simple regular contribution option. | Simplicity - it's easy to grow your superannuation. |
| Saving for your retirement made easy | Hassle-free investing through a product that meets all relevant superannuation and taxation requirements. | A simple transfer process from Pursuit Core Personal Superannuation to one or more Pursuit Core pension products. |
| Transparent fees | One Administration Fee regardless of how many times you transact on your superannuation account. | Clear cut and competitive pricing - a simple flat cost structure that is completely transparent. |
| Flexible insurance options |
Protect you and your family from the risk of loss of income as a result of sickness, injury or death. Insurance options available include:
|
Insurance - protect your income and your family against unexpected occurrences through our variety of insurance options. |
| Service and support | Comprehensive and consolidated investment reporting on all your investments in your superannuation account via a secure website - Portfolio Online. | Access to the right information - Regular communications providing access to information about your superannuation account when you need it. |
| More investment solutions | Access to a range of other Pursuit products and services to cater for all of your life stages including Allocated Pension and Investments. | Use the specialist funds manager and administration platform provider that you know, to access superannuation and pension products that take you from 'starting out' to life as a retiree. |
| Expertise |
The knowledge and expertise of a Trustee with the experience of servicing the needs of 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?
Pursuit Core Personal Superannuation has a simple and competitive pricing structure to ensure that you can easily understand what you're paying for.
The fees and costs for managing your investment in Pursuit Core Personal Superannuation include:
- Administration Fee - we charge a simple flat Administration Fee of up to 1.30% p.a. of your account balance. This fee includes the ongoing commission of up to 0.56% p.a. that we pay to a financial adviser, but excluding any Adviser Service Fee(s).
- 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 202: Pursuit Core 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 Pursuit Core Personal Superannuation. 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 superannuation 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.
Note: Fees are inclusive of GST and net of any reduced input tax credits
How do I start maximising my retirement savings?Before you begin investing in Pursuit Core Personal Superannuation you need to obtain a copy of the Pursuit Core Personal Superannuation (PDS). Your financial adviser can provide you with this 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.
IOOF - Your Investment Guardians