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
      Account-Based Pension or TRIS available?
      Yes - Retirement Access
      Spouse account available?
      Yes
      Choice of super fund contributions available post-employment members?
      Yes

  • Insurance
    • Insurer The Colonial Mutual Life Assurance Society (CMLA)
      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

  • Salary Continuance Insurance (SCI)
    • Agreed value or indemnity? Indemnity. Agreed value is unavailable
      Maximum sum insured Lesser of (i) 75% of monthly income or (ii) $25,000 per month
      Is auto acceptance available? No
      Expiry age Next premium due date after you reach age 65

  • Fees
    • The following fees are included in the Product Disclosure Statements (PDS) for Accumulate Plus and Retirement Access, both issued on 1 July 2018. Please confirm that these are the most recent PDS documents.

      Administration fees

      Fixed administration fee 

      Accumulate Plus: $6.471 (gross) per month

      Retirement Access TRIS: $6.471 (gross) per month

      Retirement Access Account-Based Pension: $5.50 (gross) per month

      Asset-based administration fee All accounts: 0.17%1 (gross) of account balance balance per year

       

      Investment fees

      Investment option Investment fee1 estimated for the 12 months to 30 June 2018 (gross % p.a.)
      Conservative / Conservative TRIS 0.35
      Moderate / Moderate TRIS 0.48
      Balanced (MySuper) / Balanced TRIS 0.56
      Growth / Growth TRIS 0.58
      Cash / Cash TRIS 0.08
      Fixed Interest 0.28
      Australian Shares  0.47
      International Shares  0.47

       

      Other fees 

      • Advice fees1: If a member receives financial advice from any authorised financial adviser in relation to their super benefits in our fund, the member may elect for us to pay the fee, which they agree with their adviser, to the adviser and to deduct the amount from their Accumulate Plus or Retirement Access account balance. This advice fee will only be deducted from upon agreement from the member and the financial adviser. Some conditions apply. Download our Request to pay advice fee form for more information.
      • Insurance fees (premiums)1: Premiums apply for any insurance cover in Accumulate Plus, including default (automatic) or voluntary cover. Refer to the relevant Reference Guide: Insurance cover for premium rates.

      Please note there are no fees for:

      • switching investment options
      • making a withdrawal
      • opening or closing an account
      • contributing to an account
      • buy/sell spreads
      • indirect cost ratio (the trustee has determined to include all indirect costs as part of investment fees).

       

      More information 

      For more details on an Accumulate Plus or Retirement Access account, please refer to the Member Guide (PDS) and Reference Guides.

       

      Note:
      1  Figures shown on this page include the net effect of GST. For Accumulate Plus and Retirement Access TRIS accounts, the actual amount that members pay for this fee may be less than the figures shown, as any tax benefit that the fund is entitled to may be passed on to members in the form of reduced fees and insurance premiums. 
       

 

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