Expand Essential Super
This product at its cheapest investment option charges less than the median Choice product, which costs $375 a year on a $50,000 balance.
APRA does not publish a net return on a $50,000 balance for Choice products, so there is no single return figure for this product. Investment returns are published per option, so they appear in the table below against the option and the measure they were taken with. Returns describe what has already been earned. They are not a forecast.
Fund and Product Details
| Offered by | IOOF |
|---|---|
| Trustee | I.O.O.F. Investment Management Limited |
| Fund | IOOF Portfolio Service Superannuation Fund |
| Type of fund | Retail fund Run by a bank, insurer or investment company, which earns a profit from running it as well as paying returns to members. Anyone can generally join one. |
| Who can join | Anyone can join this fund |
| Product type | Choice, where the member or their adviser selects the investment option, rather than MySuper, which is the default option an employer pays into |
| Investment menus | Expand Essential Plus Super Menu, Expand Essential Super Menu |
| Investment options | 38 published, of which 8 are closed to new members |
| APRA annual performance test | APRA tested 38 of this product’s investment options and recorded 34 as a pass and 4 as a fail. |
| Published in | Trustee-directed, offered through an investment platform (38 options, returns as GIRNF) |
| Member assets across options | $4.1b or more, as APRA withheld the figure for at least one option |
Figures on this page are published by APRA in its annual Comprehensive Product Performance publication. This page is general advice only, not personal advice. It does not take into account your objectives, financial situation or needs. Fees are shown as a share of a $50,000 balance because that is the basis APRA reports them on, and your own balance, insurance cover and contributions will change what you actually pay and earn. APRA’s Choice publications cover trustee-directed products and non-platform externally-directed products, so an investment option you hold may not appear here. Read the fund’s Product Disclosure Statement and Target Market Determination before making any decision. CompareThat is a comparison service and is not a superannuation fund or a financial adviser. No one has paid for this product to appear here or for the position it holds in our listings.
Important information
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Fees and returns shown are the figures published in APRA’s annual product performance publications, expressed as a percentage of a $50,000 account balance. They are updated when APRA republishes, not daily, and fees a fund charges may have changed since. Returns are what a product has already earned after fees and tax. Past performance is not an indicator of future performance. Before acting on any information shown here, you should confirm the fees, returns and product information with the fund.
We do not compare every MySuper product available in Australia, and this table does not compare every feature that may be relevant to you. Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability. Changing the filters will surface further relevant products. See how we sort and rank products.
No product in this table is a sponsored placement, and no fund pays us for a click through from this table. A fund can pay for a sponsored placement, and any product in one is marked “Sponsored Placement” wherever it appears. Payment never decides which products we show, and it never changes the fees, returns or other figures, which come from APRA. See how we make money and our advertiser disclosure.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the fund’s Product Disclosure Statement and Target Market Determination before deciding, and consider whether the product suits your age, your other super and your circumstances. CompareThat compares products. We do not arrange, approve or process applications.