Information for financial advisers/planners about Accumulate Plus

If you are providing your client with advice about their account in our fund, please see below some details to assist with your client conversations.

  • General
    • Minimum account balance (applies to post-employment members only)
      $1,500             
      Minimum amount for cash withdrawals
      $1,000
      Minimum amount for partial rollovers
      No minimum
      Asset allocations and investment option information
      Refer to the Member Guide (PDS) and Reference Guide: Invest your account
      Pension phase and TRIS available?
      Yes
      Spouse account available?
      Yes
      Choice of super fund contributions available post employment?
      Yes

  • Insurance
    • Insurer CommInsure
      Premiums stepped or level Stepped. Level premiums are unavailable
      Occupation classes White collar only
      Increasing claims option Unavailable

  • Death Cover
    • Is terminal illness cover included?
      Yes
      Life cover buyback
      Unavailable
      Expiry age
      70 – to apply for cover, member must be under age 70
      Maximum sum insured
      $5,000,000
      Auto acceptance limit
      $1,500,000

  • Total and Permanent Disablement (TPD)
    • Can this cover be standalone? No, must be linked to death cover
      Any or own occupation Any occupation only
      TPD definition unlikely or unable                                          Unlikely
      Maximum sum insured $3,000,000
      Auto acceptance limit $1,500,000
      Expiry age 70 – cover expires when member turns 70 (Altered definition applies after age 60. Please refer to the Member Guide (PDS) and Reference Guide: Insurance cover for details.)

  • Salary Continuance Insurance (SCI)
    • Agreed value or indemnity? Indemnity. Agreed value is unavailable
      Maximum sum insured $25,000 per month
      Is auto acceptance available? No
      Expiry age Next premium due date after you reach age 65

  • Fees
    • Administration/Member fixed fee
      $5.50 net of tax per month
      Asset-based administration fee
      0.170% 1

       

      There are up to eight options available. Investment fees1:

      Investment Option Estimated investment fee1 (%pa) As at 1 July 2016
      Conservative 0.244
      Moderate 0.316
      Balanced 0.372
      Growth 0.411
      Cash 0.066
      Fixed Interest 0.194
      Australian Shares 0.304
      International Shares 0.416
      1 Figures include the net effect of GST but the actual amount that members pay for this fee may be less than the figure shown, as any income tax benefit that the fund is entitled to is passed on to members in the form of reduced fees.

       

      Please note there are no:

      • Switching fees
      • Withdrawal/exit fees
      • Adviser service fees
      • Entry/contribution fees
      • Buy/sell spreads
      • Indirect cost ratios2
      • Other fees and costs
      2 Note: this will change in 2017 to align accordingly with RG 97 requirements

       

       

      For more details on your client’s Accumulate Plus account, please refer to the Member Guide (PDS) and Reference Guides for Accumulate Plus.

       

      Advice fees relating to your client’s account in our fund can be deducted straight from their account – and not out of their pocket. Download our Request to pay advice fee form for more information.

       

      For consideration: as an adviser/planner you may want more information on:

       

       

 

For more details on your client's Accumulate Plus account, please refer to the Member Guide (PDS) for Accumulate Plus..