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Fund profiles
| Asset Super |
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| Principal Contact: |
Frank Briggs |
Telephone: Member Telephone: Facsimile: |
(02) 8923 0500 1800 805 981 (02) 8904 0600 |
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Address: |
Level 7 140 Arthur Street North Sydney NSW 2060 |
Website: Email: |
www.assetsuper.com.au asset@assetsuper.com.au | |
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Overview:
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Asset Super was established in 1987 and has over 8,000 participating employers and over 120,000 members. Asset Super was granted an APRA Licence as a Registrable Superannuation Entity in March 2005, providing further evidence that the Fund offers security and peace of mind for employers and their employees. Asset Super is a complying eligible choice fund as well as being a multi-industry, multi-occupation super fund, i.e. it applies to all industries and all occupations. The fund is also an approved Public Offer super fund, which means it can take super contributions from any eligible employee, including the self-employed and meets all of the Government’s Fund Choice requirements. Asset offers 4 Blended Options and 6 Single Sector Options. Members can invest in one investment option or design their own strategy. Members can switch between investment options up to 4 times each financial year. |
| Year of Establishment: |
1987 |
| Value of Funds: |
$1.6 billion |
| Key Features: |
- Competitive performance from professional fund managers selected and monitored by InTech and the Trustee Board.
- Low fees - active members pay a fixed administration fee of only $1.15 per week irrespective of the size of their account balance.
- Choose from 4 Blended and 6 Single Sector investment options.
- Flexible death and permanent disablement insurance and income protection insurance.
- 24/7 internet access allows employers to join and pay contributions electronically and for members to register and monitor their personal account details.
- Members receive an annual statement, including the Fund's Annual Report, and can attend free Investment seminars.
- All profits are returned to members - no third party commissions are paid so more of your money is working for you.
- Award winning educational material and dedicated Client Relationship Managers to educate and inform employers and members.
- The Board has equal member and employer representation, 4 member directors and 4 employer directors.
- Access to the full suite of Asset products available including a Flexible Pension and Transition to Retirement Pension.
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| Administrator: |
Australian Administration Services |
| Auditors: |
KPMG |
| Custodians: |
National Australia Bank Limited |
| Asset Consultant: |
InTech Fiduciaries Limited |
| Insurer: |
MLC |
| INVESTMENT OPTIONS |
|
| High Growth |
88% Growth, 12 % Defensive - target return is 3.5% above CPI over rolling 8 year periods |
| Medium Growth |
74% Growth, 26% Defensive - target return is 3% above CPI over rolling 7 year periods |
| Stable Growth |
32.5% Growth, 67.5% Defensive - target return is 2% above CPI over rolling 4 year periods |
| Socially Responsible Investment (SRI) |
67.5% Growth, 32.5% Defensive - target return is 2.5% above CPI over rolling 5 year periods |
| Australian Shares |
Target is to at least match the S&P/ASX 200 Accum. Index CPI over rolling 5 year periods |
| International Shares |
Target is to at least match the MSCI World ex-Australia index (Unhedged $) CPI over rolling 5 year periods |
| Property |
Target is to at least match the listed Property Market (measured by 67% UBC Global Real Estate Investor Index-hedged and 33% S&P/ASX 200 Property rusts Accum. Index) CPI over rolling 5 year periods |
| Australian Bonds |
Target is to at least match the USBWA Composite Bond Index CPI over rolling 3 year periods |
| International Bonds |
Target is to at least match the JPM World ex-Aust. Govt. Bond Index-Fully Hedged, $A CPI over rolling 3 year periods |
| Cash |
Target is to achieve a positive rate of return CPI over rolling 1 year periods |
Investment Performance (crediting rates) |
Growth Asset Weighting |
Performance to 30 September 2007 |
|
|
1yr |
3yr |
5yr |
| High Growth |
88% |
-8.5% |
7.8% |
10.7% |
| Medium Growth |
74% |
-6.6% |
7.1% |
9.3% |
| Stable Growth |
32.5% |
-0.5% |
5.9% |
6.9% |
| Socially Responsible Investment (SRI) |
67.5% |
-2.8% |
- |
- |
| Cash |
|
4.0% |
4.6% |
4.6% |
| Australian Shares |
|
-8.2% |
11.9% |
16.1% |
| International Shares |
|
-11.9% |
4.1% |
5.8% |
| Property |
|
-18.8% |
5.7% |
9.3% |
| Australian Bonds |
|
3.4% |
4.0% |
3.8% |
| International Bonds |
|
8.0% |
5.7% |
5.7% | |
| Insurance Available: |
Death, Death/TPD, Health, Income protection. |
| Extra Benefits: |
Financial planning, Financial seminars, Home loans, Business Loans, Non-super Savings Options, Online account details, Online transactions, Retirement planning, Super splitting. |
| Member Communications: |
Employee reports, Newsletters, Investment booklets, Insurance booklets, Numerous Fact Sheets: Salary Sacrifice, Gov't Co-Contribution, Transition to Retirement, and Publications are also available on website. |
| Employer Services: |
Dedicated Client Relationship Managers to assist employers with their superannuation needs and to educate and inform employees. |
| FEES |
| Withdrawal fee |
$44.00 |
| Management Cost - investment fee (% p.a.) |
0.59% (Medium growth option) |
| Management Cost - member fee ($ per week/ annum) |
$1.15 per week |
| Switching fee |
$22 (after 1st switch which is free) |
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