A focus on strong performance
SuperRatings' Pension of the Year 4 years in a row4
Understand factors that affect your payments
The annual adjustment (net pool financial result) is based on the Lifetime Pension pool's underlying investment performance within the QSuper Balanced option, the number of members remaining in the pool, and whether this number is higher or lower than our estimate (mortality experience). Other factors include timing of purchases and payments, all fees and costs, and allowing for a 5% benchmark.
The timing of the Lifetime Pension pool's purchases and payments means its actual investment return may be different from the time-weighted returns of the QSuper Balanced investment option.
The Lifetime Pension is designed to increase payments over time; however, the nature of annual adjustments mean that your payments may go up or down.
The annual pension adjustment will be pro-rated if your Lifetime Pension started during the previous financial year. After this, the full adjustment will apply.
Your annual statement will show the adjustment that applies to your payments.
For more information, please see the product disclosure statement (pdf).
When you purchased your Lifetime Pension, you didn’t receive a payment in the first fortnight because of the 14-day cooling-off period. So while each of the following fortnightly payments in your first financial year were slightly higher, your next financial year of payments will be slightly lower, as they're paid over more fortnights.
For more information, please see our Lifetime Pension factsheet (pdf).
Performance is just one thing to consider when choosing a retirement product - so find out more about how our Lifetime Pension works.