IOOF Portfolio Service Superannuation Fund — superannuation fund performance
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
IOOF Portfolio Service Superannuation Fund reported A$72.1bn of total assets for 276,872 member accounts (average balance A$258k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 9.6%.
| Total assets | A$72.1bn |
| Member accounts | 276,872 |
| Average member balance | A$258k |
| 1-year rate of return | 9.6% |
| 5-year rate of return (annualised) | 6.8% |
| 10-year rate of return (annualised) | 5.5% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, IOOF Portfolio Service Superannuation Fund ran on an operating expense ratio of 0.3% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$336.7m, equal to roughly 151.5% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.3% |
| Investment expense ratio | 0.0% |
| Administration and operating expenses | A$222.2m |
| Marketing spend | A$9.5m (about A$34 per member account) |
| Executive remuneration (expensed to the fund) | A$750k |
| Director remuneration | A$697k |
| Payments to related parties | A$336.7m |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 130 of this fund's products and options were tested — 2 failed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| Expand Extra Super — MLC Wholesale Horizon 2 Income Portfolio | Choice | Fail - consecutive fail^ | 3.7% | 0.5% |
| Expand Essential Super — MLC Wholesale Horizon 2 Income Portfolio | Choice | Fail - consecutive fail^ | 3.7% | 0.5% |
| IOOF MySuper† | MySuper | Pass | 7.6% | 0.5% |
| Expand Essential Super — MLC MultiSeries 70 | Choice | Pass | 7.4% | 0.3% |
| IOOF Personal Super — MLC MultiActive Balanced | Choice | Pass | 7.6% | 0.5% |
| Expand Essential Super — MLC MultiSeries 50 | Choice | Pass | — | 0.3% |
| Expand Essential Super — MLC Index Plus Growth | Choice | Pass | — | 0.3% |
| Expand Essential Super — MLC Index Plus Balanced | Choice | Pass | — | 0.3% |
| Expand Essential Super — MLC MultiSeries 90 | Choice | Pass | — | 0.3% |
| IOOF Employer Super — MLC MultiActive Balanced | Choice | Pass | 7.6% | 0.5% |
| Expand Extra Super — MLC MultiActive Balanced | Choice | Pass | 7.6% | 0.5% |
| IOOF Personal Super — MLC MultiActive Growth | Choice | Pass | 8.6% | 0.5% |
Showing 12 of 130 tested products/options for this fund (largest first).
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay". Over the year it collected A$143.0m in premiums and paid out A$125.1m in claims (claims paid in a year often relate to earlier years' cover, so this is a cash-flow picture, not a loss ratio).
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | 99.2% | A$36.4m | A$49.6m | AIA Australia Limited, MLC Life Insurance, TAL Life Limited, Zurich Australia Limited |
| Total & permanent disability (TPD) | 83.7% | A$56.2m | A$50.8m | AIA Australia Limited, MLC Life Insurance, TAL Life Limited, Zurich Australia Limited |
| Income protection | 89.7% | A$32.5m | A$42.6m | AIA Australia Limited, MLC Life Insurance, TAL Life Limited, Zurich Australia Limited |
The gender gap in this fund
In IOOF Portfolio Service Superannuation Fund, women's average balance was 5.7% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$141k |
| Average balance — male members | A$150k |
| Member accounts (female / male) | 97,341 / 118,492 |
Compare IOOF Portfolio Service Superannuation Fund with similar funds
The funds closest to IOOF Portfolio Service Superannuation Fund in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| Wealth Personal Superannuation and Pension Fund | A$68.2bn | 9.8% | 5.4% | Similar size |
| ASGARD Independence Plan Division Two | A$78.9bn | 9.6% | 5.4% | Similar size |
| Mercer Super Trust | A$81.2bn | 11.3% | 6.6% | Similar size |
| CareSuper | A$62.3bn | 10.1% | 6.7% | Similar size |
| CSS Fund | A$61.4bn | 0.1% | 1.2% | Similar size |
| AMP Super Fund | A$59.8bn | 10.6% | 6.7% | Similar size |
Questions this page answers
How big is IOOF Portfolio Service Superannuation Fund?
IOOF Portfolio Service Superannuation Fund held A$72.1bn in total assets for 276,872 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has IOOF Portfolio Service Superannuation Fund delivered?
IOOF Portfolio Service Superannuation Fund reported a 9.6% one-year rate of return, and 5.5% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does IOOF Portfolio Service Superannuation Fund charge in fees?
IOOF Portfolio Service Superannuation Fund reported an operating expense ratio of 0.3% and an investment expense ratio of 0.0% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did IOOF Portfolio Service Superannuation Fund's products pass the performance test?
130 of IOOF Portfolio Service Superannuation Fund's products and options were tested against the regulator's annual performance test as at 30 June 2025, and 2 failed.
Does IOOF Portfolio Service Superannuation Fund's insurance pay out?
In its latest reported year IOOF Portfolio Service Superannuation Fund's default cover collected A$143.0m in premiums and paid A$125.1m in claims, per the APRA fund-level statistics.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.