This is a diversified asset option with a moderate to high exposure to risk. It is suitable for people looking for relatively high returns over the medium to longer term who want the growth provided by shares but want lesser fluctuations in returns from year to year than those provided by sharemarkets, and accept negative returns in some years. Suitable for people who may be cashing out their investment in seven years or more.
- To achieve returns after tax and fees that exceed CPI + 3% per annum over rolling seven year periods.
- Limit the probability of generating a negative return to not more than four years in 20.
- To earn a rate of return after tax and fees that is in excess of the median balanced option in an appropriate industry survey over rolling seven year periods.
*Inception date: 17 July 2013
While we all want consistently positive investment returns over the years, the reality is, pension returns are like any investment in that they can go down as well as up. If you want to find out more about what type of investor you are, use our Risk Profile calculator to determine your appetite for risk, check out historical returns and read the pros and cons of switching.
Investment returns are not guaranteed, all investments have risk, and past performance is not an indicator of future performance.
*The fees stated for 2016–17 are estimated third-party investment management fees (including performance fees), based on our current asset allocation and the investment managers who currently manage money for that investment option. The fees stated are therefore predictive and may differ materially from the fees actually incurred. The actual investment management fees are calculated at the end of each year when returns for the full year are known. These are published in the annual report. There is an additional investment fee of 0.02% p.a to cover the costs associated with investing your money.