A note from the CEO
I am pleased to advise you all that Statewide Super was recently announced as the new default superannuation fund for NT Government employees and also as the recipient of the transfer of NTGPASS accumulation accounts.
For Statewide Super’s existing 145,000 plus members this is excellent news and reinforces the positive growth trajectory the fund has experienced over the last two years. The scale of our fund is important to each and every one of our members – as the fund grows we can pass on the benefits that come with this – enhanced service, better systems and ultimately, better value for money.
We were aware when tendering that we would be competing with major players in a well-established market and strongly believe our quality products, tailored service delivery and outstanding investment performance gave us a clear advantage against some of the biggest and well-established superannuation funds in the country.
Our strong consistent performance has made us a standout performer on the national playing field and we’re really proud to lead by example with our success. By outperforming other superannuation funds across the country, Statewide Super is best placed amongst our competitors to deliver an outstanding experience to NT Government employees, just as it does for our existing members.
We’ve had a strong connection with the Territory since 1990 and we have long considered ourselves a local fund for our Territorian members and employers. There’s a natural synergy between SA and NT – and as a fund headquartered in South Australia, we understand the importance of local, tailored service provision. This new relationship will only serve to deepen the connection.
I am pleased to share with you the comments provided by NT Superannuation Commissioner, Mr Jim Richards: “It is with great pleasure that I announce that the Superannuation Trustee Board, trustee of the NTGPASS Fund, has selected Statewide Superannuation (Statewide) to receive the transfer of NTGPASS accumulation accounts.
Statewide was selected from a pool of high calibre superannuation funds following a competitive process. Key to Statewide’s selection was its history of providing consistently strong investment returns for members and its willingness to double its Territory-based staffing to four employees, to service members directly."
*SuperRatings Fund Crediting Rate Survey June 2018. Investment returns can go up and down and are not guaranteed.
Returns are net of investment fees, the asset-based administration fee and tax on investment income. Further administration and other fees apply. See our “Fees and Costs” booklet for more information.
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.
**SuperRatings Platinum Rating 2018 – superratings.com.au/ratings-and-awards, Canstar 5-star rating 2018 – canstar.com.au/star-rating-reports/superannuation and Chant West 5 Apples Ratings 2018 – chantwest.com.au/fund-ratings/super-methodology. Ratings are only one factor to be taken into account when deciding to whether to invest in a financial product.
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.
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.
Statewide Super also has an accredited network of financial advisers (“Accredited Advisers”) based locally and regionally. Advice provided to you by these Accredited Advisers will be provided under the AFSL held by a third party. That third party is responsible for the financial advice given to you by an Accredited Adviser.
For further information and a copy of the applicable Statewide Super Financial Services Guide (FSG), visit www.statewide.com.au or call 1300 65 18 65. A copy of the relevant FSG for an Accredited Adviser can be obtained by contacting the Accredited Adviser directly.