australian catholic superannuation and retirement...

Superratings.com.au [email protected] Level 12, 2 Bulletin Place, Sydney NSW 2000 T 61 2 92 47 4711 F 61 29247 4322 of 39

Australian Catholic Superannuation and Retirement Fund Employer Sponsored, Personal Plan, MySuper, RetireChoice

PDS 01 October 2015

Fees: From 1 October 2015, the indirect cost ratio of 0.25% was removed and replaced with an asset based administration fee of 0.25%. Fees and costs for all investment options have been updated as follows:

New Fees (%) Old Fees (%)

Option Name Total IMF

Performance Fee

Base IMF

Buy / Sell

Margin

Total IMF

Performance Fee

Base IMF

Buy / Sell

Margin

Total IMF Change

(bps)

Australian Shares 0.44 0.05 0.39 - 0.46 0.04 0.42 0.21 -2

Bonds 0.28 - 0.28 - 0.29 - 0.29 0.07 -1

Cash and Term Deposit 0.09 - 0.09 - 0.07 - 0.07 0.00 2

Conservative 0.49 0.14 0.35 - 0.42 0.04 0.38 0.26 7

Conservative Balanced 0.58 0.18 0.40 - 0.49 0.05 0.44 0.35 9

Growth 0.63 0.19 0.44 - 0.55 0.07 0.48 0.43 8

International Shares 0.21 0.00 0.21 - 0.29 0.02 0.27 0.38 -8

MySuper Balanced 0.70 0.23 0.47 - 0.60 0.08 0.52 0.48 10

Property 0.85 0.08 0.77 - 0.88 0.04 0.84 1.14 -3

Shares 0.32 0.02 0.30 - 0.37 0.03 0.34 0.30 -5

Socially Responsible Balanced 0.77 - 0.77 - 0.77 - 0.77 0.44 0


… Continued Australian Catholic Superannuation and Retirement Fund

Employer Sponsored, Personal Plan, MySuper, RetireChoice PDS

01 October 2015

Investment: The investment objectives of the following funds have been updated as follows:

New Old

Option Name CPI

Target Objective Time

Frame CPI Target Objective Time

Frame

Australian Shares none 10 none 10

Bonds none 10 none 3

Conservative 1.5 10 2 3

Conservative Balanced 2 10 2.5 5

Growth 3.5 10 4 10

MySuper Balanced 3 10 3.5 10

Property 3 10 3.5 7

Shares 3.5 10 4 10

Socially Responsible Balanced 3 10 3.5 10


… Continued Australian Catholic Superannuation and Retirement Fund

RetireSmart PDS

01 October 2015

Investment: Australian Catholic Super released a new account based pension product called RetireSmart. RetireSmart utilise an investment ‘bucket’ approach with a minimum initial investment of $100,000. Money in RetireSmart is invested in Growth and Cash buckets, with the Cash bucket credited with two years’ worth of member pension payments. Member accounts are re-balanced every quarter or every year to ensure that any capital growth, income or excess cash generated from the Growth bucket is distributed to the Cash bucket. Lump sum withdrawals are also taken from the Cash bucket, provided a minimum of two years’ worth of pension payments remains in the bucket. Any shortage of payments will be taken out of the Growth bucket. Fees: Fees associated with RetireSmart are as follows: Administration Fee: $78 per year plus 0.25% of account balance Exit Fee: $55 Withdrawal Fee: $55

Option Name Total

IMF (%) Performance

Fee (%)

Base IMF (%)

Buy / Sell Margin (%)

Cash and Term Deposit 0.09 - 0.09 -

Growth 0.63 0.19 0.44 -


Building Unions Superannuation Pension Choice

PDS 30 September 2015

Investment: From 30th of September 2015, the minimum initial investment in BUSSQ Pension Choice increased to $25,000 from previous $10,000. Pension members who don’t make an investment choice will automatically be invested in the Blended Growth Strategy. This option invests 15% of the members’ funds in the cash option and 85% in the balanced growth option. Pension payments are initially drawn from funds invested in the Cash option. When the cash option is fully depleted, future pension payments will come from the balanced growth option. This strategy gives the balanced growth option, which is a longer term investment, time to grow before drawing from it. Fees: The indirect cost ratios have been updated as shown in the table below:

Option Name New ICR

(%) Old ICR

(%) Change

(bps)

All Shares 0.84 0.84 na

Australian (Larger Companies) Shares 0.48 0.5 -2

Australian (Small Companies) Shares 0.8 0.82 -2

Australian Shares 0.54 0.55 -1

Balanced Growth 0.72 0.81 -9

Cash 0.21 0.22 -1

Defensive 0.64 0.67 -3

Diversified Fixed Interest 0.45 0.47 -2

High Growth 0.75 0.88 -13

International (Emerging Markets) Shares 1.44 1.29 15

International Shares 1.14 1.13 1


Catholic Super

Employer, Personal, MySuper, Pension PDS

01 October 2015

Fees: The investment management fees have been updated as per table below:



Performance Fee

Base IMF

Total IMF

Performance Fee

Base IMF

Change (bps)

Aggressive 0.75 0.06 0.69 0.72 0.06 0.66 3

Australian Shares 0.57 0.10 0.47 0.60 0.10 0.50 -3

Balanced 0.72 0.06 0.66 0.67 0.06 0.61 5

Cash 0.07 0.00 0.07 0.07 0.00 0.07 0

Conservative 0.49 0.05 0.44 0.47 0.05 0.42 2

Conservative Balanced 0.64 0.06 0.58 0.61 0.06 0.55 3

Diversified Fixed Interest 0.40 0.06 0.34 0.42 0.06 0.36 -2

FlexiTerm Deposit 0.19 0.00 0.19 0.19 0.00 0.19 0

Moderately Aggressive 0.73 0.06 0.67 0.70 0.06 0.64 3

Moderately Conservative 0.55 0.05 0.50 0.53 0.05 0.48 2

Overseas Shares 0.70 0.03 0.67 0.70 0.03 0.67 0

Property 0.65 0.04 0.61 0.65 0.04 0.61 0

RetirePlus 0.56 0.02 0.54 0.54 0.02 0.52 2

RetireStable 0.47 0.02 0.45 0.50 0.02 0.48 -3


Grosvenor Pirie Master Superannuation Fund Series 2 Super and Account Based Pension

PDS, SPDS 15 September 2015

Fund Features: Non-lapsing binding death benefit nomination and child reversionary pension have been added to the various types of beneficiaries ’ nomination offered by the fund. Insurance: The Death and Death TPD premium rates per $1,000 insured have been updated as shown in the table below:

New Rates ($) Old Rates ($)

ANB Death Only Death & TPD Death Only Death & TPD Death Only Death & TPD

Male Female Male Female Male Non Smoker

Male Smoker

Male Non Smoker

Male Smoker

Female Non

Smoker

Female Smoker

Female Non

Smoker

Female Smoker

20 0.59 0.22 0.64 0.24 0.73 1.01 0.92 1.27 0.25 0.31 0.42 0.55

25 0.64 0.18 0.74 0.22 0.78 1.16 0.95 1.42 0.21 0.27 0.37 0.50

30 0.57 0.22 0.71 0.30 0.66 1.07 0.84 1.35 0.25 0.34 0.40 0.59

35 0.58 0.31 0.77 0.49 0.60 1.11 0.81 1.47 0.33 0.49 0.52 0.84

40 0.75 0.49 1.13 0.84 0.71 1.37 1.02 1.93 0.52 0.81 0.81 1.33

45 1.05 0.76 1.70 1.43 0.94 1.90 1.53 2.96 0.78 1.26 1.33 2.24

50 1.61 1.14 2.81 2.30 1.47 2.95 2.73 5.04 1.16 1.86 2.31 3.80

55 2.67 1.69 5.09 3.67 2.58 4.89 5.62 9.35 1.75 2.69 4.52 6.80

60 4.58 2.87 9.40 6.65 4.74 7.86 12.69 18.19 3.03 4.28 10.27 13.77

65 8.91 5.01 18.91 12.34 9.05 13.74 24.09 36.26 5.42 7.15 19.05 27.77


… Continued Grosvenor Pirie Master Superannuation Fund Series 2

Super and Account Based Pension PDS, SPDS

15 September 2015

Insurance: The income protection premium rates per $100 of monthly benefit have been updated as shown in the table below: 30 day waiting period:


Male Female Male Male Female Female ANB

non-

smoker smoker non-

smoker smoker

20 5.52 6.07 4.77 5.96 7.99 9.98

25 5.03 6.32 4.77 5.96 7.99 9.98

30 5.23 7.33 5.10 6.37 9.25 11.57

35 6.42 9.67 6.35 7.93 12.34 15.42

40 8.50 13.13 8.48 10.60 16.87 21.08

45 11.64 17.69 11.69 14.61 22.83 28.54

50 16.35 23.59 16.49 20.62 30.53 38.16

55 23.68 31.54 24.06 30.07 41.09 51.36

60 35.52 43.04 36.54 45.67 56.69 70.87

65 17.88 20.27 57.28 71.60 81.29 101.61




15 September 2015

Insurance: 60 day waiting period:



non-

smoker smoker non-

smoker smoker

20 4.88 5.05 4.16 5.21 6.92 8.65

25 4.12 5.24 4.16 5.21 6.92 8.65

30 4.03 6.15 4.44 5.55 8.05 10.06

35 4.84 7.75 5.54 6.92 10.80 13.50

40 6.55 10.68 7.58 9.47 14.97 18.71

45 9.59 15.62 10.59 13.23 20.60 25.74

50 14.87 23.09 14.95 18.69 27.48 34.35

55 23.99 33.50 22.08 27.60 37.46 46.82

60 39.44 47.18 33.28 41.60 51.29 64.11

65 16.45 17.25 51.19 63.98 71.80 89.76




15 September 2015

Insurance: 90 day waiting period:



non-

smoker smoker non-

smoker smoker

20 1.48 1.44 1.10 1.38 1.84 2.31

25 1.15 1.49 1.10 1.38 1.84 2.31

30 1.04 1.76 1.06 1.32 2.19 2.74

35 1.22 2.11 1.25 1.56 2.65 3.31

40 1.70 2.96 1.76 2.20 3.75 4.69

45 2.70 4.73 2.83 3.54 6.07 7.59

50 4.63 7.66 4.92 6.15 9.94 12.43

55 8.18 11.83 8.81 11.01 15.54 19.43

60 14.35 17.02 15.57 19.46 22.55 28.19

65 5.18 5.03 26.35 32.93 30.62 38.27


Local Government Super LGS Accumulation Scheme

LGS Personal Division LGS Account-Based Pension

DIY Option Product Guide 14 September 2015

Investment: In specie transfer introduced: Effective from 14 September 2015, Accumulation Scheme members can transfer their existing investments in the DIY investment option directly to the Account-Based Pension Plan without selling any of their investments. Conditions apply.


MyLife MySuper Employer, Personal and MySuper

PDS 01 October 2015

Fees: The investment management fees have been updated as per table below:



Performance Fee

Base IMF

Total IMF

Performance Fee

Base IMF

Change (bps)

Aggressive 0.75 0.06 0.69 0.72 0.06 0.66 3

Australian Shares 0.57 0.10 0.47 0.60 0.10 0.50 -3

Balanced 0.72 0.06 0.66 0.67 0.06 0.61 5

Cash 0.07 0.00 0.07 0.07 0.00 0.07 0

Conservative 0.49 0.05 0.44 0.47 0.05 0.42 2

Conservative Balanced 0.64 0.06 0.58 0.61 0.06 0.55 3

Diversified Fixed Interest 0.40 0.06 0.34 0.42 0.06 0.36 -2

FlexiTerm Deposit 0.19 0.00 0.19 0.19 0.00 0.19 0

Moderately Aggressive 0.73 0.06 0.67 0.70 0.06 0.64 3 Moderately Conservative 0.55 0.05 0.50 0.53 0.05 0.48 2

Overseas Shares 0.70 0.03 0.67 0.70 0.03 0.67 0

Property 0.65 0.04 0.61 0.65 0.04 0.61 0

RetirePlus 0.56 0.02 0.54 0.54 0.02 0.52 2

RetireStable 0.47 0.02 0.45 0.50 0.02 0.48 -3


Perpetual’s Select Superannuation Fund Perpetual Select Super Plan & Select Pension Plan

PDS, Fees 1 October 2015

Fees:

Perpetual Select Superannuation Plan and Pension Plan’s member fee was updated from $115.44 p.a. ($9.62 per month) to $117.00 p.a. ($9.75 per month)

Perpetual Select Super Plan and Pension Plan provide base fee (administration fee) rebate to members with large account balances. Rebate thresholds were updated for the year ended 30 June 2016:

Base Fee

(Administration Fee) Rebate

Value of Investment

(% pa) New Old

Nil First $262,100 First $258,700

0.50 Next $612,000 Next $603,900 1.15 Over $874,100 Over $862,600

Perpetual Select Super Plan and Pension Plan’s financial adviser commission rates thresholds updated for the year ended 30 June 2016:

Ongoing Adviser

Commission Value of Investment

(% pa) New Old

0.55 First $262,100 First $251,300 0.36 Next $612,000 Next $586,700 0.11 Over $874,100 Over $838,000


…Continued

Perpetual’s Select Superannuation Fund Perpetual Select Super Plan


Fees:

Perpetual Select Super Plan updated the investment management fees of the following options as of 1 October 2015:

Option Name Investment Fee* (% pa) Performance Fees (% pa) Total IMF (% pa) Change (bps)

New Old New Old New Old

Conservative 0.49 0.69 0.09 - 0.58 0.69 -11

Diversified 0.65 0.58 0.13 - 0.78 0.58 20 Balanced 0.72 0.91 0.16 - 0.88 0.91 -3 Growth 0.73 1.00 0.18 - 0.91 1.00 -9

High Growth 0.91 1.09 0.23 - 1.14 1.09 5 Geared High Growth 1.32 1.66 0.36 - 1.68 1.66 2

Cash 0.18 0.17 - - 0.18 0.17 1

Fixed Income 0.36 0.37 - - 0.36 0.37 -1 Real Estate 0.65 0.70 - - 0.65 0.70 -5

Australian Shares 0.66 0.88 0.29 - 0.95 0.88 7

Geared Australian Share 1.47 1.66 0.58 0.21 2.05 1.87 18 Limited Share 0.55 0.55 - - 0.55 0.55 0

International Shares 0.70 0.72 0.05 0.07 0.75 0.79 -4

(*Note: The above Investment Fee includes Investment Management Fee, Estimated Alternative Asset Fees and Other Indirect Costs)


…Continued

Perpetual’s Select Superannuation Fund Perpetual Select Pension Plan


Fees:

Perpetual Select Pension Plan updated the investment management fees of the following options as of 1 October 2015:

Option Name Investment Fee* (% pa) Performance Fees (% pa) Total IMF (% pa) Change (bps)


Conservative 0.46 0.66 0.09 - 0.55 0.66 -11

Diversified 0.62 0.55 0.13 - 0.75 0.55 20 Balanced 0.69 0.88 0.16 - 0.85 0.88 -3 Growth 0.70 0.96 0.18 - 0.88 0.96 -8

High Growth 0.89 1.02 0.23 - 1.12 1.02 10 Cash 0.16 0.13 - - 0.16 0.13 3

Fixed Income 0.33 0.34 - - 0.33 0.34 -1

Real Estate 0.62 0.65 - - 0.62 0.65 -3 Australian Shares 0.64 0.85 0.29 - 0.93 0.85 8

Limited Share 0.53 0.53 - - 0.53 0.53 0

International Shares 0.67 0.70 0.05 0.07 0.72 0.77 -5 (*Note: The above Investment Fee includes Investment Management Fee, Estimated Alternative Asset Fees and Other Indirect Costs)


…Continued

Perpetual’s Select Superannuation Fund Perpetual Select Super Plan & Select Pension Plan

PDS & SPDS 1 October 2015

Investment objectives:

Perpetual Select Super Plan updated the CPI target within the investment return objectives of the following options as of 1 October 2015:

Option Name New CPI Target (% above CPI)* Old CPI Target (% above CPI)*

Conservative 1.50 (over rolling 3-year periods) 2.00

Diversified 2.00 (over rolling 3-year periods) 2.50 Balanced 2.50 (over rolling 5-year periods) 3.00 Growth 3.00 (over rolling 5-10 year periods) 3.50

Perpetual Select Pension Plan updated the CPI target within the investment return objectives of the following options as of 1 October 2015:

Option Name New CPI Target (% above CPI)* Old CPI Target (% above CPI)*

Conservative 2.50 (over rolling 3-year periods) 3.00

Diversified 3.00 (over rolling 3-year periods) 3.50 Balanced 3.50 (over rolling 5-year periods) 4.00 Growth 4.00 (over rolling 5-10 year periods) 4.50

(*Note: before fees and after tax)


…Continued

Perpetual’s Select Superannuation Fund Perpetual Select Super Plan & MySuper

Investment 1 October 2015

Risk levels:

Perpetual MySuper updated the risk level of the following option as of 1 October 2015:

Option Name New risk level Old risk level

Perpetual MySuper – Balanced Growth

High Medium to High

Perpetual Select Super Plan updated the risk levels of the following options as of 1 October 2015:

Option Name New risk level Old risk level

Conservative Medium Low to Medium

Diversified Medium to High Medium Fixed Income Low to Medium Medium to High Real Estate Very High High


…Continued

Perpetual’s Select Superannuation Fund Perpetual Select Super & Select Pension Plan

PDS, SPDS 1 October 2015

Asset Allocation: Conservative option

Growth - Assets New AA (Range) Old AA (Range)

% %

Australian Shares 12.5 (5-20) 12 (0-20)

International Shares 12.5 (5-20) 10 (0-20)

Real Estate 5 (0-10) 8 (0-15)

Growth Alternatives 5 (0-15) 5 (0-15)

Total Growth Assets 35 35

Defensive - Assets New AA (Range) Old AA (Range)

% %

Diversified Credit 22.5 (0-30) -

Income (Misc. Alternatives) 5 (0-10) 10 (0-20)

Cash 15 (5-30) 25 (15-40)

Fixed income 22.5 (10-45) 30 (20-50)

Total Defensive Assets 65 65


…Continued



Asset Allocation: Diversified option


% %

Australian Shares 15 (5-25) 35 (25-30)

International Shares 15 (5-25) 10 (0-25)

Real Estate 10 (5-15) 5 (0-20)

Growth Alternatives 10 (0-20) -



% %


Income (Misc. Alternatives) 5 (0-10) -

Cash 10 (0-25) 5 (0-25)

Fixed income 17.5 (10-40) 45 (25-50)



…Continued



Asset Allocation: Balanced option


% %



Real Estate 10 (5-15) 10 (0-20)




% %


Income (Misc. Alternatives) 5 (0-10) 5 (0-15)

Cash 5 (0-15) 10 (0-25)

Fixed income 12.5 (0-30) 15 (5-35)



…Continued



Asset Allocation: Growth option


% %



Real Estate 10 (5-15) 10 (0-20)




% %

Diversified Credit 6 (0-10) -

Income (Misc. Alternatives) 3 (0-10) -

Cash 5 (0-15) 7 (0-25)

Fixed income 6 (0-25) 8 (0-35)



…Continued



Asset Allocation: High Growth option


% %



Real Estate 10 (5-15) -




% %

Cash 5 (0-15) 2 (0-25)



Prime Super Prime Super, Prime Super Health Division

Prime Super Allocated Income Stream PDS, SPDS

28 September 2015

Investment objectives

Prime Super, Prime Super Health Division, and Prime Super Allocated Income Stream updated the CPI target within the investment return objectives of the following options as of 28 September 2015:

Option Name New CPI Target (% above CPI) Old CPI Target (% above CPI)

Alternatives 3.00 (over the long term) 4.00

Property 3.00 (over the long term) 4.00


… Continued


Prime Super Allocated Income Stream PDS, Fees

28 September 2015

Fees:

Prime Super, Prime Super Health Division, and Prime Super Allocated Income Stream updated the investment management fees and performance based fees (both part of the indirect cost ratio) of the following options as of 28 September 2015:

Option Name Investment Fee (% pa) Performance Fees (% pa) Total IMF (% pa) Change (bps)


MySuper/Balanced 0.40 0.37 0.51 0.23 0.91 0.60 31

Managed Growth 0.50 0.45 0.77 0.34 1.27 0.79 48 Conservative 0.33 0.29 0.49 0.17 0.82 0.46 36 Alternatives 0.95 0.76 2.34 0.80 3.29 1.56 173

Australian Shares 0.31 0.20 0.04 - 0.35 0.20 15 International Shares 0.36 0.39 0.20 0.23 0.56 0.62 -6

Property 1.08 1.24 2.74 0.79 3.82 2.03 179

Fixed Interest 0.36 0.16 - - 0.36 0.16 20 Cash 0.10 0.11 - - 0.10 0.11 -1


… Continued



28 September 2015

Asset allocation: Balanced (MySuper option) Growth - Assets New AA (Range) % Old AA (Range) %

Australian shares 25 (5-40) 25.5 (5-40)


Emerging Markets 6 (0-10) 6 (0-10)

Infrastructure - Growth 5.2 (0-12.5) 6.1 (0-12.5)

Property 10 (0-25) 11.5 (0-25)

Private Equity 0 (0-12.5) 0 (0-12.5)

Total Growth Assets 67.7 70.1

Defensive - Assets New AA (Range) % Old AA (Range) %

Australian Fixed Interest 3 (0-15) 6 (0-15)

Overseas Fixed Interest 6 (0-15) 1 (0-15)

Cash 8.5 (0.5-30) 5.5 (0.5-30)

Credit Opportunities 7 (0-22.5) 8.5 (0-22.5)

Other Alternatives 0 (0-10) 0 (0-10)

Absolute Return Strategies 0 (0-10) -

Infrastructure - Defensive 7.8 (0-12.5) 8.9 (0-12.5)

Total Defensive Assets 32.3 29.9


… Continued



28 September 2015

Asset allocation: Conservative option Growth - Assets New AA (Range) % Old AA (Range) %

Australian shares 10.5 (0-20) 11.5 (0-20)

International Shares 9.5 (0-20) 8.5 (0-20)

Emerging Markets 0 (0) -

Infrastructure - Growth 4 (0-7.5) 4 (0-7.5)

Property 6 (0-12.5) 6 (0-12.5)

Private Equity 0 (0-7.5) 0 (0-7.5)




Overseas Fixed Interest 10 (5-25) 7.5 (5-25)

Cash 38 (20-50) 29.5 (20-50)

Credit Opportunities 5 (0-10) 5 (0-10)


Infrastructure - Defensive 5 (0-7.5) 5 (0-7.5)



… Continued



28 September 2015

Asset allocation: Managed Growth option Growth - Assets New AA (Range) % Old AA (Range) %

Australian shares 32 (10-50) 32.5 (10-50)


Emerging Markets 8.5 (0-10) 8.5 (0-10)

Infrastructure - Growth 4.6 (0-12.5) 5.2 (0-12.5)

Property 8 (0-20) 10 (0-20)

Private Equity 0 (0-12.5) 0 (0-12.5)




Overseas Fixed Interest 5 (0-10) 0 (0-10)

Cash 2 (0-10) 2 (0-10)

Credit Opportunities 6 (0-15) 7 (0-15)


Infrastructure - Defensive 6.4 (0-12.5) 7.8 (0-12.5)



Qantas Superannuation Plan Gateway Income Account, Division 9 and Division 14

PDS 1 October 2015

Product: On 1 October 2015, QANTAS Super launched the QANTAS Super Gateway Income Account, with which previous Division 9 and Division 14 products have now been merged. QANTAS Super Gateway Income Account members are offered fortnightly, monthly, quarterly, half yearly and annually pension payment frequencies.


…Continued Qantas Superannuation Plan

Gateway Super Account, Gateway Income Account and MySuper PDS

1 October 2015

Investments: On 1 October 2015, QANTAS Super launched the Glidepath investment option, which has been implemented as the Fund’s MySuper investment option. Glidepath offers members a lifecycle investment solution comprising 4 investment stages: Take-Off, Altitude, Cruising and Destination. Investment Fees for Glidepath investment option: Glidepath Investment Option Base fee (%) Performance–based fee (%)

Take-Off stage 0.51 0.00-0.15 Altitude stage 0.48 0.00-0.15 Cruising stage 0.46 0.00-0.14 Destination stage 0.43 0.00-0.14

Strategic Asset Allocation (SAA) for Glidepath investment options: Take-Off Investment Option: Asset Class SAA (%) Range (%)

Equities 70 60-80 Growth Alternatives 20 10-30 Defensive Alternatives 8 0-18 Debt 0 0-10 Cash 2 0-12




1 October 2015

Investments (continued): Altitude Investment Option: Asset Class SAA (%) Range (%)


Cruising Investment Option: Asset Class SAA (%) Range (%)





1 October 2015

Investments (continued): Destination Investment Option: Asset Class SAA (%) Range (%)


Investment objectives for the Glidepath investment options are as follows: Glidepath investment stage Investment objective

Take-Off To achieve a return that exceeds CPI by at least 5% pa over a 10 year period, after

tax and investment fees; and to limit the likelihood of a negative annual return to five in 20 years (or 25% likelihood in each year).

Altitude To achieve a return that exceeds CPI by at least 4% pa over a seven year period, after tax and investment fees; and to limit the likelihood of a negative annual return to four in 20 years (or 20% likelihood in each year).

Cruising To achieve a return that exceeds CPI by at least 3.5% pa over a six year period, after tax and investment fees; and to limit the likelihood of a negative annual return to three in 20 years (or 15% likelihood in each year).

Destination To achieve a return that exceeds CPI by at least 3% pa over a five year period, after tax and investment fees; and to limit the likelihood of a negative annual return to three in 20 years (or 15% likelihood in each year).



Gateway Super Account, Gateway Income Account PDS

1 October 2015

Fees: Investment Fees updated: Investment options New Base fee (%) Old Base fee (%) Change (bps)

Aggressive 0.51 0.5 1 Growth 0.48 0.46 2 Balanced 0.43 0.42 1 Conservative 0.39 0.35 4 Cash 0.17 0.18 -1

Investment options New Performance fee (%) Old Performance fee (%) Change (bps)

Growth 0.00-0.15 0.00-0.12 3 Balanced 0.00-0.14 0.00-0.11 3 Conservative 0.00-0.13 0.00-0.07 6




1 October 2015

Investment: Strategic Asset Allocation updated: Aggressive: Asset Class SAA (%) Range (%)


Growth: Asset Class SAA (%) Range (%)





1 October 2015

Investment: Strategic Asset Allocation updated: Balanced: Asset Class SAA (%) Range (%)


Conservative: Asset Class SAA (%) Range (%)





1 October 2015

Investment: Investment objective updated: Investment option New investment objective Old investment objective

Aggressive achieve a return that exceeds CPI by at least

5% pa over a 10 year period, after tax and investment fees

achieve a return that exceeds CPI by at least 4.5% pa over a seven year period, after tax

and investment fees Growth achieve a return that exceeds CPI by at least

4% pa over a seven year period, after tax and investment fees

achieve a return that exceeds CPI by at least 4% pa over a five year period, after tax and

investment fees Balanced achieve a return that exceeds CPI by at least

3% pa over a five year period, after tax and investment fees

achieve a return that exceeds CPI by at least 3.5% pa over a five year period, after tax and

investment fees Conservative achieve a return that exceeds CPI by at least

2% pa over a three year period, after tax and investment fees

achieve a return that exceeds CPI by at least 3% pa over a three year period, after tax and

investment fees Cash achieve a return equal to the Bloomberg AusBond

Bank Bill Index, after tax and investment fees, over a rolling one year period

achieve a return equal to the UBSA Bank Bill Index, after tax and investment expenses, over a rolling one year period


Unisuper Accumulation 1, Accumulation 2, MySuper

PDS 01 October 2015

Fees: The flat administration fee was reduced to $96 per annum from previous $115 while the withdrawal fee decreased to $15.80 from previous $16.50 per switch. The indirect cost ratios have been updated as per table below:

Option Name New IMF

(%) Old IMF

(%) Change

bps

Australian Bond 0.23 0.23 0

Australian Equity Income 0.41 0.41 0

Australian Shares 0.64 0.62 2

Balanced 0.52 0.61 -9

Capital Stable 0.33 0.38 -5

Cash 0.20 0.20 0

Conservative Balanced 0.39 0.46 -7

Diversified Credit Income 0.40 0.42 -2

Global Companies in Asia 0.73 0.74 -1 Global Environmental Opportunities 0.23 0.31 -8

Growth 0.58 0.70 -12


International Shares 0.59 0.71 -12

Listed Property 0.48 0.48 0

Sustainable Balanced 0.32 0.27 5

Sustainable High Growth 0.35 0.28 7


… continued Unisuper

FlexiPension PDS

01 October 2015

Fees: The flat administration fee was reduced to $96 per annum from previous $115 while the withdrawal fee decreased to $15.80 from previous $16.50 per switch. The asset based administration fees for Pension members was reduced to 0.16% capped at $1,250 per year from previous 0.30% capped at $2,000 per year. The indirect cost ratios have been updated as per table below:

Option Name New IMF (%) Old IMF (%) Change

(bps)

Australian Bond 0.10 0.10 0

Australian Equity Income 0.28 0.28 0

Australian Shares 0.51 0.49 2

Balanced 0.39 0.48 -9

Capital Stable 0.20 0.25 -5

Cash 0.07 0.07 0

Conservative Balanced 0.26 0.33 -7

Diversified Credit Income 0.27 0.29 -2

Global Companies in Asia 0.60 0.61 -1

Global Environmental Opportunities 0.10 0.18 -8

Growth 0.45 0.57 -12


International Shares 0.46 0.58 -12

Listed Property 0.35 0.35 0

Sustainable Balanced 0.19 0.14 5

Sustainable High Growth 0.22 0.15 7


… continued Unisuper

FlexiPension PDS

01 October 2015

Product Features: Death benefit options for pension members have been expanded to include non-lapsing binding nomination in addition to preferred and lapsing binding nominations.


Vision Super Super Saver, MySuper, Personal and Income Stream

PDS, Investment, Fees, Insurance 22 September 2015

Fees: The indirect cost ratios and buy and sell spreads have been updated as shown in the tables below:

Option Name New IMF (%) Old IMF (%) Change bps

Australian Equities 0.41 0.49 -8

Balanced 0.57 0.64 -7

Balanced Growth 0.66 0.73 -7

Cash 0.04 0.03 1

Conservative 0.43 0.47 -4

Diversified Bonds 0.29 0.3 -1

Growth 0.67 0.83 -16

International Equities 0.56 0.63 -7

Just Shares 0.52 0.57 -5

Option Name New Buy

Spread (%) New Sell

Spread (%) Old Buy

Spread (%) Old Sell

Spread (%)

Australian Equities 0.11 0.11 0.14 0.14

Balanced 0.05 0.05 0.13 0.13

Balanced Growth 0.05 0.05 0.15 0.15

Cash 0 0 0 0

Conservative 0.04 0.04 0.09 0.09

Diversified Bonds 0.03 0.03 0.02 0.02

Growth 0.05 0.05 0.16 0.16

International Equities 0.05 0.05 0.13 0.13

Just Shares 0.08 0.08 0.14 0.14


SuperRatings

Get SMART Newsletter November 2015 Edition

Disclaimer: SuperRatings Pty Limited ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise that was originally established in 2002. The information used in compiling this data comes from sources considered reliable. It is not guaranteed to be accurate or complete. Past performance is not a reliable indicator of future performance. The data has been prepared for the purpose of providing “General Advice” (as defined in the Corporations Act 2001 (Cth)) only, without taking into account the objectives, financial situation or particular needs (‘financial circumstances’) of any particular person. Before making any decision about a financial product in the data, the reader must consider whether it is personally appropriate in light of his or her financial circumstances, or should seek independent financial advice on its appropriateness. The reader should obtain and consider the Product Disclosure Statement from each superannuation or pension financial product before making any decision about whether to acquire a financial product. SuperRatings research process relies upon the participation of the superannuation fund or product issuer(s). Should the superannuation fund or product issuer(s) no longer be an active participant in SuperRatings research process, SuperRatings reserves the right to withdraw the rating and document at any time and discontinue future coverage of the superannuation and pension financial product(s). Copyright Disclaimer: Copyright © 2015 SuperRatings Pty Ltd (ABN: 95 100 192 283 AFSL No. 311880 (SuperRatings)). This data is subject to the copyright of SuperRatings. Except for the temporary copy held in a computer's cache and a single permanent copy for your personal reference or other than as permitted under the Copyright Act 1968 (Cth.), no part of this publication may, in any form or by any means (electronic, mechanical, micro-copying, photocopying, recording or otherwise), be reproduced, stored or transmitted without the prior written permission of SuperRatings. This publication may also contain third party supplied material that is subject to copyright. Any such material is the intellectual property of that third party or its content providers. The same restrictions applying above to SuperRatings copyrighted material, applies to such third party content.

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