Fees: RI Allocated Pension Conservative plan

Total fees per year

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Account keeping fees

${{int fees.[Account keeping fee (MER)].unit_value}}

Administration fee

{{num fees.[Administration fee percent].unit_value}}%

Estimated investment fees and costs

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For example

Total fees for an account balance of $50,000:

  • Account keeping fee${{int fees.[Account keeping fee (MER)].unit_value}}
  • Administration fee${{int fees.[Administration fee (AER)].unit_value}}
  • Estimated investment fees and costs${{int fees.[Estimate indirect cost ratio (AKF Fee)].unit_value}}

Total estimated annual fee${{int fees.[Total annual].unit_value}}

Account keeping fee explained

  • We don't charge an account keeping fee for RI Allocated Pension accounts

Administration fee explained

  • This is the administration cost charged each year to manage your account
  • {{num fees.[Administration fee percent].unit_value}}% per annum of your account balance
  • The administration fee is deducted from the fund assets before the daily unit price is calculated. The administration fee is not a separate fee, and is included in the estimated investment fees and costs shown on the right

Estimated investment fees and costs explained

  • The estimated investment fees and costs include all the investment costs and any other costs that relate to your investment
  • This cost is not charged to you as a fee. It is deducted from investment returns before earnings are applied to your account
  • It is charged as an annual percentage fee, which covers the cost of managing the fund’s investments including amounts allocated to risk reserves
  • The estimated investment fees and costs for your RI Allocated Pension are not fixed, and are reviewed periodically and adjusted to reflect the most recent expenses relating to your investments. The actual investment fees and costs can only be determined at the end of the financial year
  • The cost of managing different investments varies, so the fee will differ for each investment plan. For example, investment costs for the Cash plan or Conservative plan will be lower than those for a Growth plan. This is because growth assets are typically more complex and expensive to manage

Statement of fees and other costs are based on fees over the 2024/25 financial year. It includes all investment and administration fees and expenses for an account balance of $50,000. For more information, see the Retirement Income Pension Product Information Booklet. You should read all the information about fees and costs, because it is important to understand their impact on your investments.

Our investment fees and costs are not fixed, and are reviewed periodically and adjusted to take into account prevailing investment expenses. The actual investment fees and costs can only be determined at the end of each financial year. This is estimated to be between 0.18% p.a. and 0.65% p.a. of the value of your investments, depending on which investment options you choose. This is deducted from the fund's assets before the daily unit price is calculated. The administration fee for managing your account is 0.12%. This is not a separate fee, and is included in the total annual fee shown above. Please note, the investment fees and costs percentage includes any costs relating to transaction costs.

Many super funds charge a buy/sell spread when switching between investment options. These are transaction costs to cover expenses such as brokerage and stamp duty that is incurred when buying and selling units. We do not currently charge a buy/sell spread when switching between investment options.