What are the RI Allocated Pension fees?

1 If your account balance is less than $6,000 at the end of the financial year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 Investment fees and costs includes an amount of 0.00% p.a. to 0.06% p.a for performance fees. The calculation basis for this amount is set out under the ‘Additional explanation of fees and costs’ section on page 13 of the Retirement Income Product Information Booklet. Please note, the transaction costs percentage is also included in the investment fees and costs percentage shown in the table.
3 Please see the ‘Additional explanation of fees and costs’ section on page 13 of the Retirement Income Pension Product Information Booklet, which provides further detail about the items included in transaction costs.