When a member makes an investment choice, they can:
- make sure their super is being invested in an investment option that suits them
- choose from a range of options - from low risk to high risk
- invest their super in a range of asset classes – from cash to shares
- switch their investment choice up to 12 times a financial year free of charge.
When a member makes an investment choice, it will usually be effective on the first day of the following month. In the event of a partial payment occurring after the first day of the month but before the monthly investment returns are declared for the investment options (which can be up to three weeks) their new investment choice will take effect after the date of the partial payment.
If a member doesn’t make a choice
If a member doesn’t make an investment choice, that’s OK. We’ll still look after them by investing their super in our lifecycle strategy. We know everyone has different investment needs, so we’ve created a range of options based on their age.
Please see the table below for the investment option members will be automatically invested in:
| If a member is: | They will be automatically invested in: |
| Aged less than 50 | Long-Term Growth |
|---|---|
| Aged 50 to 59 | Medium-Term Growth |
| Aged 60+ | Balanced |
Members aged under 50 will have their money invested in super for a longer period of time, and can afford to ride the ups and downs of the investment cycle. Therefore, they are invested in our Long-Term Growth option, the investment option with the highest risk and return.
In contrast, we expect that members closer to retirement age generally want less investment volatility, and are therefore invested in our Balanced option.
How members can change their investment choice
- They should refer to our Member Guide or Pension Guide for more information about the investment options available.
- Once they’ve decided which investment option best suits them, they can apply to change their investment choice by:
- accessing their account online with eSuper - go to the ‘Investment option' section; or
- complete a change my investment option form and posting it to us.
- Confirmation of their new investment choice will be sent to their postal address.
