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IOOF Employer Super (Now Insignia)

Avalonfs in association with NextGen Advisory Authorises the use of IOOF Employer Super Fund as an employer Super Fund option. This Fund is accessible by all Contractors and employees under the Oncore banner and is portable, meaning you can take it with you to all your employment engagements, for life!

Why IOOF?

Lonsec's specialist superannuation product research team are completely Independent in nature and NextGen Advisory use them to make decisions on products and Funds. This is some key points they make about IOOF Employer Super;

  • IOOF Employer Super is a Division of the IOOF Portfolio Service Superannuation Fund and is a lifetime portable super solution that provides members with extensive choice and flexible features. Choice members have access to a range of ready-made portfolios, managed investments, listed investments, term deposits and fixed-term annuities.

  • The fund's MySuper offering comprises a single diversified investment option, the IOOF Balanced Investor Trust

  • Fees are lower than the industry average across medium and large account balances assessed.

  • Members can switch investment options without incurring a switching fee, although, a buy-sell spread may apply.

  • A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members on a Default or Customised cover basis as nominated by their employer. Income Protection (IP) with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60- or 90- day waiting period.

  • Members can apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting.

  • A range of online tools, calculators and educational resources are available through the fund's website. IOOF Online allows members to view and update account details as well as perform transactions, including switching investments.

 

Performance and updates:

Explore your IOOF Employer Super

There are a range of online tools, calculators and educational resources are available through the fund's website. IOOF Online allows you to view and update account details as well as perform transactions, including switching investments, downloading your choice of Fund forms for your next employer consolidating your Super Funds or viewing your Insurance and Death benefit nomination details

Getting Started with IOOF

When you register for IOOF Online you gain access to your portfolio summary, transactions, statements, reports and more. it is imperative that you activate this ASAP. You would have received a Welcome Letter, you will need your member number handy and then Start Here

Having issues registering?
Call IOOF on 1800 913 118 from 8am to 6pm (Melbourne time), Monday-Friday, or click the link here and send a message to the IOOF Team.

Common Questions Answered

Q. Why do I have an IOOF Super Fund?

A. If you have not provided your Super Details to your employer (Oncore) for your contracting roll OR you simply do not have a fund established in Australia, you will be provided with the default via IOOF so that you can receive your Super contributions on time.

Q. Do I have life Insurance in my Super Fund?

A. There is default cover in your Superannuation fund based on your age, you can see this via your member online.

Q. I already have Life Insurance/I don't need Life insurance, can I opt out?

A. Yes, you can opt in, go to the attached PDF Opt in form:  

Q.I am starting with a new employer, can I give them this funds details? 

A. Sure can, you can find them from your members log in pagehttps://www.ioof.com.au/login - member login page, select the “move my money” section, scroll down to look for the Choice of Fund for Employer Contributions form, give this and your member number to the new employer.

Useful calculators & Tools

Super and retirement shouldn't be left till a few years before retirement, it is important to understand where you're heading. Below are some publicly available calculators to help you get focused;

Stuck with where to start when thinking about how much you might need for retirement? Look at your current budget, don't have one? Do one now, DL an Excel Budget Planner here

Contact IOOF Team

Call us on 1800 913 118 from 8am to 6pm (Melbourne time), Monday-Friday, or click the link here and send us a message.

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