Your super account is changing
From 1 January 2014 you’ll see some important changes to your Suncorp super account.
Some of the important changes you’ll see from 1 January 2014 are:
- A new investment option is available – the low cost, diversified Suncorp Lifestage Fund managed by our investment partner Ibbotson Associates Australia, a world leader in investing.
- A dollar administration fee of $6.50 per month ($78 a year) replaces any existing membership fee.
- Changes have been made to what some fees are called and to the way they’re deducted from your account.
You’ll find a full overview of these changes in the new Suncorp WealthSmart Product Disclosure Statement which will be issued before 1 January 2014.
If you’re a Suncorp WealthSmart Personal Super customer you’ll also receive a letter from us about these changes in the next week or so.
What do you need to do?
You don’t have to do anything – we’ll make the relevant changes for you. So we can implement them, there will be a freeze period on all transactions from 31 December 2013 to 4 January 2014. Any transactions received during this period will be processed later. We may also delay the deduction of fees until a later date.
Need more information?
Learn more about the Suncorp Lifestage Fund.
Talk to your financial adviser, or give us a call on 13 11 55 (and ask for ‘Super) weekdays between 8am and 6pm (Eastern Standard Time).
This information is current as at 5 November 2013 and may be subject to change. It has been prepared without taking into account a person’s objectives, financial situation or needs. For that reason, before acting on this information, a person should consider its appropriateness having regard to their own objectives, financial situation and needs. Where the information relates to the acquisition, or possible acquisition, of a particular product, a person should read and consider the relevant Product Disclosure Statement (PDS) in deciding whether to acquire, or continue to hold, the products.
Suncorp WealthSmart Personal Super, Suncorp WealthSmart Business Super, Suncorp WealthSmart Pension and Suncorp Everyday Super are provided by Suncorp Portfolio Services Limited ABN 61 063 427 958 (Trustee). Suncorp-Metway Ltd ABN 66 010 831 722 (Suncorp Bank) is not liable or responsible for, and does not guarantee or otherwise support, Suncorp Everyday Super accounts. Suncorp Everyday Super accounts are not a bank deposit product.