April 2020 Significant Event Notice
Changes are coming
Statewide Super is making changes that may impact you as a member. In summary, these changes are as follows:
- insurance premiums will be reduced* and our insurance offering will change based on recent legislation;
- a fee-cap will be introduced to limit the amount of asset-based administration fees charged to members;
- our investment objectives are being updated; and
- our investment management fee, and dollar-based and asset-based administration fees are increasing.
*Reduction not applicable to Salarylink insurance. Refer to the Statewide Super Salarylink Member Guide for information regarding Salarylink insurance options.
Any questions? We’re here to help
If you have any questions regarding the above Significant Event Notice please contact our Member Services team on 1300 65 18 65, we are happy to help.
Statewide Superannuation Pty Ltd ABN 62 008 099 223 (AFSL 243171) Trustee and RSE Licensee of Statewide Superannuation Trust ABN 54 145 196 298 (“Statewide Super”). In deciding whether to acquire, or continue to hold, a Statewide Super product, please consider the applicable Product Disclosure Statement (PDS) available at statewide.com.au or by calling 1300 65 18 65. Issued on March 2020.
The information provided contains general advice which does not take into account your specific objectives, financial situation or needs. Before investing, you should consider the appropriateness of this general advice with regard to your personal circumstances. You may also wish to obtain independent financial advice. This Significant Event Notice is not intended to be, and should not be construed in any way as, investment, legal, or personal advice. Statewide Super holds an Australian Financial Services Licence (AFSL) that allows it to provide general and personal financial advice. Statewide Super Financial Planners are employees and Authorised Representatives of Statewide Super, who is responsible for any advice given to you by them.
Investment returns can go up and down and are not guaranteed. All investments have risk, and past performance is not a reliable indicator of future performance. For more information on risks associated with investing, consider the “Risks of Super” and “How we invest your money” booklets available at statewide.com.au or by calling 1300 65 18 65.