How we manage investment

There’s a lot that goes on behind the scenes. Here’s some information you might be interested in knowing about how we manage your money.

  • Tasplan SuperTasplan SuperInvestment policies

    We employ professional investment managers and an asset consultant to handle our assets. We assess them against strict performance criteria and make sure they complement each other, so our assets stay diversified.

    We also have strict guidelines and strategies for all of our investments.

    We invest your account balance in the investment option or options you choose. If you don’t make a choice, you’ll be invested in our default options. For Tasplan Super members, this is our MySuper Tasplan OnTrack® option and for Tasplan Pension members in our Control Pension this is our Cash option.

    For details about how we invest assets in each of these options:

    You can also download our Investment beliefs, ESG policy and Proxy voting policy.

     

  • Tasplan SuperTasplan SuperHow do unit prices work?

    Each dollar you invest buys 'units'. For example, if you invest $10 and the price is $1 each unit, you get 10 units.

    You receive units in the investment option or options that you've chosen. So, if you're in our Growth option, you'll get Growth units.

    The value of your units goes up and down according to the markets. So, your account balance may increase or decrease in line with the unit prices. You keep your units until you either switch investment options or withdraw super.

    With us so far? If not, get in touch and we'll walk you through it.

    Switches and withdrawals

    When you switch investment options, you trade the units you have for different units. For instance, if you switch from our Growth option to our Tasplan OnTrack option, you sell your Growth units to buy Tasplan OnTrack units. The value of the units in each investment option varies, so you may get more or fewer units when you switch, depending on the current unit prices.

    When you make a withdrawal, you sell your units for money. The amount of money your units are worth depends on the current unit prices. So, if you withdraw $10 and your units are worth $1 each, you'll sell 10 units for your money. If your units are worth $2, you'll sell five units for your money.

    How many units do you get?

    The number of units you get depends on the unit price when we receive your contribution.

    For example, if you invest $100 each month and in the first month the unit price of each unit is $1, then you get 100 units.

    If in the next month the unit price increases to $2, you only get 50 units for your $100 contribution.

    If the price decreases to 90 cents, you get 111.1111 units.

  • Tasplan SuperTasplan SuperOur reserving policy

    We don’t keep an investment reserve and unit prices reflect the actual earnings for the period.

    We do have an administration reserve, so we can maintain equity between members and make sure we can always meet expenses.

  • Tasplan SuperTasplan SuperTrustee procedures

    While we employ professional investment managers and an asset consultant to provide expert advice, the trustee has the ultimate responsibility for all our activities, including investments.

    Government bodies such as the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) closely monitor super fund trustees to make sure they act responsibly and in the best interests of members.

    We have a system of procedures, checks and balances to make sure trustees’ decisions align with their investment strategies and objectives. Trustee directors undertake regular training around investments and other super issues.

    You can download our Investment beliefs.

    We measure all investment managers’ performance at least monthly against industry benchmarks and our performance standards. We can dismiss investment managers if they perform poorly or don’t comply with our requirements.

    We also regularly review the asset allocation of the investment options and make changes when necessary, either as a result of market performance or member demand.