SelectingSuper - Statewide Superannuation Trust

Fund profiles

Statewide Superannuation Trust

Principal Contact: Wayne Hutton
Distribution Manager Telephone:
Member Telephone:
Facsimile: (08) 8217 8571
1300 65 18 65
(08) 8217 8595

Address:

GPO Box 1749
Adelaide SA 5001
Website:
Email: www.statewide.com.au
info@statewide.com.au

Overview:

Statewide is South Australia's largest private sector superannuation funds managing more than $2.0 billion of retirement savings on behalf of over 160,000 Members. Statewide is committed to providing a simple, low cost superannuation solution to help Members manage their financial needs throughout their working life and into retirement. As a profit-for-members industry fund our focus is on maximising Members' savings to help them achieve a financially secure retirement for a reasonable fee. Members can take advantage of a range of benefits including access to the Statewide Credit Union, health insurance and access to complimentary financial planning and member seminars. Employers are provided with a range of payment and flexible administration options and Statewide's Free Clearing House, which makes their superannuation administration hassle-free and time saving.

Year of Establishment: 1986

Value of Funds: $2.0 billion

Key Features:

'Profit for members' Industry super fund that is open to everyone.
Flat administration fee $1.50 per week and no commissions paid to advisers.
Access to Account Based Pension product with a flat $5 per week administration fee upon retirement.
No entry or exit fees.
Free Clearing House, ensuring hassle-free and time-saving super payments
Complimentary employer visits on demand
Complimentary financial planning service and member seminars for members.
Health insurance with discounted premiums for Statewide members.
A choice of 11 Investment Options, and to mix-and-match them to match them to your risk profile.
Access to Statewide Credit Union providing an extensive range of insurance and banking services.
Range of insurance options.

Administrator: Statewide Financial Management Services Pty Ltd

Auditors: Nelson Wheeler Chartered Accountant (External)
Ernst & Young (Internal)

Custodians: National Custodial Services
Statewide Financial Management Services

Asset Consultant: Access Capital Advisors

Insurer: Met Life Insurance Limited

INVESTMENT OPTIONS

Statewide Cash Aims to achieve returns after tax and fees that exceed CPI increases in each year.

Statewide Stable Growth Aims to achieve returns after tax and fees that exceed CPI increases plus 1.5% per annum on average over the long-term.

Statewide Growth (default option) Aims to achieve returns after tax and fees that exceed CPI increases plus 3% per annum on average over the long-term.

Statewide Aussie Choice Aims to achieve returns after tax and fees that exceed CPI increases plus 2.5% per annum on average over the long-term.

Statewide Shares Aims to achieve returns after tax and fees that exceed CPI increases plus 3.5% per annum on average over the long-term.

Statewide Socially Responsive Aims to achieve returns after tax and fees that exceed CPI increases plus 2.5% per annum on average over the long-term.

Statewide Bonds Aims to match returns from the UBS Australian Composite Bond Index.

Statewide Australian Equities Aims to moderately outperform the broad Australian listed equity market as measured by S&P/ASX300 Accumulation Index on an after tax and fees basis.

Statewide Overseas Equities Aims to moderately outperform the broad international listed equity market as measured by MSCI World ex-Australia Index with net dividends reinvested on an after tax and fees basis.

Statewide Indexed Aims to provide index returns on a balanced (70% growth, 30% defensive) asset mix. Investments are made in index products relevant to the asset class.

Statewide Target Return Aims to achieve after tax and fees returns that exceeds CPI increases plus 7% per annum on average over the long-term.

Investment Performance
(crediting rates) Growth Asset Weighting Performance to 31 December 2007

1yr 3yr 5yr

Statewide Cash Nil 4.83% 4.58% 4.49%

Statewide Stable Growth 36% 7.13% 8.70% -

Statewide Growth (default option) 77% 10.71% 12.64% 12.08%

Statewide Aussie Choice 55% 14.11% 14.39% -

Statewide Shares 100% 10.79% 15.08% 14.01%

Statewide Socially Responsive 77% 9.67% 12.29% -

Statewide Bonds 0% 2.72% - -

Statewide Australian Equities 100% 21.38% - -

Statewide International Equities 100% -3.55% - -

Statewide Indexed 70% 2.18% - -

Statewide TRP

13.11%

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