Investment changes - employer information

We understand that the upcoming changes to our investment options are extensive and may leave our members feeling concerned about their investment choice(s).

Don’t worry though, we’re here to help members decide which approach is right for them. We’re also here to support you to help your staff get their super sorted. We can customise our workplace services program to provide the most benefit to you and your employees.

Below you’ll find all the information you (and your staff) need to help you understand the investment changes occurring on 1 April 2021.

If your staff are still unsure and would like some help, we can provide them with general advice on their account. If they need personal financial advice, they can meet with one of our financial planners. Our planners have set fees for advice. Our financial planners are authorised representatives of Quadrant First Pty Ltd (ABN 78 102 167 877, AFS Licence No. 284443), a wholly owned subsidiary of Tasplan Pty Ltd operating as a separate legal entity. Simply call us on 1800 005 166.

Documents

 Our investment options - changes explained - employers

Tasplan OnTrack® Build option - changes explained

Tasplan OnTrack Sustain option - changes explained

Tasplan OnTrack Control option - changes explained

Tasplan OnTrack Maintain option - changes explained

Property option - changes explained

New investment options - super members flyer

New investment options - pension members flyer

Investment guide

Frequently asked questions

  • Tasplan SuperTasplan SuperWhat's happening and why?

    On 1 April 2021 we’re merging with MTAA Super and we’re keen to ensure our members benefit from these changes.

    The merger is aimed at establishing a larger platform to strengthen our investment capabilities, deliver real scale benefits and provide a better, easier experience for all our members.

    The new platform will also offer a broader investment opportunity set and greater diversification of certain risks. As an example, Tasplan has a relatively large exposure to Hobart Airport within its infrastructure portfolio, the new fund will spread this exposure across Hobart, Sydney, Brisbane and Melbourne airports.

    Don’t worry though, if they’re happy with these changes they don’t need to do anything.

  • Tasplan SuperTasplan SuperWhen will the change occur?

    The investment options will change on 1 April 2021 when we merge with MTAA Super.

  • Tasplan SuperTasplan SuperThe member is invested in Tasplan OnTrack Build, what does this mean for them?

    If the member is currently invested in the Tasplan OnTrack Build option, on 1 April 2021, we’ll move them to an option called Balanced.

    When they move to the Balanced option, the percentage of their assets invested as growth assets and defensive assets will change from 90% growth and 10% defensive to 75% growth and 25% defensive.

    Handy tip: Investments are typically classified into two main types – growth assets and defensive assets. These form the building blocks of investment. Growth assets generally carry a higher risk, but can earn higher returns over the long term. While defensive assets are generally lower risk and can be used to protect investment against loss, but deliver lower returns over the long term.

    More specifically, the Balanced option has a return objective of CPI+3% pa net of all fees and tax over rolling seven year periods and will continue to allocate part of its portfolio (around 9%) to property assets.

    You can find out more about the Balanced option’s strategic asset allocation in our New investment options – super members flyer.

    The Balanced option will be the MySuper default for the new fund, replacing the Tasplan OnTrack option.

    But, what does this mean?

    Let’s say a member has $50,000 in their super and they were only invested in the Tasplan OnTrack Build option. The change means that approximately $7,500 would move from growth to defensive assets, placing more of their money in assets that may deliver lower returns over the long term:

    Graphic example

    The Balanced option will be the MySuper default for the new fund replacing the Tasplan OnTrack option.

  • Tasplan SuperTasplan SuperThe member is invested in Tasplan OnTrack Sustain, what does this mean for them?

    If the member is currently invested in Tasplan OnTrack Sustain, on 1 April 2021, we’ll move them to an option called Balanced.

    When they move to the Balanced option, the percentage of their assets invested as growth assets and defensive assets will remain 75% growth and 25% defensive.

    Handy tip: Investments are typically classified into two main types – growth assets and defensive assets. These form the building blocks of investment. Growth assets generally carry a higher risk, but can earn higher returns over the long term. While defensive assets are generally lower risk and can be used to protect investment against loss, but deliver lower returns over the long term.

    More specifically, the Balanced option has a return objective of CPI+3% pa net of all fees and tax over rolling seven year periods and will continue to allocate part of its portfolio (around 9%) to property assets.

    You can find out more about the Balanced option’s strategic asset allocation in our New investment options – super members flyer.

    The Balanced option will be the MySuper default for the new fund, replacing the Tasplan OnTrack option.

  • Tasplan SuperTasplan SuperThe member is invested in Tasplan OnTrack Control, what does this mean for them?

    If the member is currently invested in Tasplan OnTrack Control, on 1 April 2021, we’ll move them to an option called Balanced.

    When they move to the Balanced option, the percentage of their assets invested as growth assets and defensive assets will change from 60% growth and 40% defensive to 75% growth and 25% defensive.

    Handy tip: Investments are typically classified into two main types – growth assets and defensive assets. These form the building blocks of investment. Growth assets generally carry a higher risk, but can earn higher returns over the long term. While defensive assets are generally lower risk and can be used to protect investment against loss, but deliver lower returns over the long term.

    More specifically, the Balanced option has a return objective of CPI+3% pa net of all fees and tax over rolling seven year periods and will continue to allocate part of its portfolio (around 9%) to property assets.

    You can find out more about the Balanced option’s strategic asset allocation in our New investment options – super members flyer.

    The Balanced option will be the MySuper default for the new fund, replacing the Tasplan OnTrack option.

    But, what does this mean?

    Let’s say a member has $50,000 in their super and they were only invested in the Tasplan OnTrack Control option. The change means that approximately $7,500 would move from defensive to growth assets, placing more of their money in assets that may deliver higher returns over the long term, but expose them to more risk:

    Graphic example

    The Balanced option will be the MySuper default for the new fund replacing the Tasplan OnTrack option.

  • Tasplan SuperTasplan SuperThe member is invested in Tasplan OnTrack Maintain, what does this mean for them?

    If the member currently invested in Tasplan OnTrack Maintain, on 1 April 2021, we’ll move them to an option called Balanced.

    When they move to the Balanced option the percentage of their assets invested as growth assets and defensive assets will change from 60% growth and 40% defensive to 75% growth and 25% defensive.

    Handy tip: Investments are typically classified into two main types – growth assets and defensive assets. These form the building blocks of investment. Growth assets generally carry a higher risk, but can earn higher returns over the long term. While defensive assets are generally lower risk and can be used to protect investment against loss, but deliver lower returns over the long term.

    More specifically, the Balanced option has a return objective of CPI+3% pa net of all fees and tax over rolling seven year periods and will continue to allocate part of its portfolio (around 9%) to property assets.

    You can find out more about the Balanced option’s strategic asset allocation in our New investment options – super members flyer.

    The Balanced option will be the MySuper default for the new fund, replacing the Tasplan OnTrack option.

    But, what does this mean?

    Let’s say a member has $50,000 in their super and they were only invested in the Tasplan OnTrack Maintain option. The change would mean that approximately $7,500 would move from defensive to growth assets, placing more of their money in assets that may deliver higher returns over the long term, but expose them to more risk:

    Graphic example

    The Balanced option will be the MySuper default for the new fund replacing the Tasplan OnTrack option.

  • Tasplan SuperTasplan SuperWill the Tasplan OnTrack option be available after the merge?

    No, when we merge, the Tasplan OnTrack option will close and any members invested in that option will be moved to an option called Balanced.

    The Balanced option will be the MySuper default for the new fund, replacing the Tasplan OnTrack option.

  • Tasplan SuperTasplan SuperThe member is invested in the Property option, what does this mean for them?

    The current Tasplan Property option is closing on 1 April 2021.

    We’ve decided to close this option due to the very small number of members currently invested in it. Unfortunately the financial impacts of maintaining this type of investment option, given the small numbers, isn’t equitable to our whole membership. The Trustee has a responsibility to ensure that our products and services are fair and beneficial for all our members.

    So, on 1 April 2021, we’ll move affected members to the new fund’s Balanced option. The Property option will no longer exist after this date.

    The Balanced option will have a different return objective, strategy and risk level to the current Tasplan Property option.

    Members can rest assured the changes have been carefully considered by us to ensure the best outcome for all members of the new fund.

  • Tasplan SuperTasplan SuperWill the Property option be available after the merge?

    No, when we merge, the Property option will close and any members invested in that option will be moved to an option called Balanced. More specifically, the Balanced option has a return objective of CPI+3% pa net of all fees and tax over rolling seven year periods and will continue to allocate part of its portfolio (around 9%) to property assets.

    Members can find out more about the Balanced option’s strategic asset allocation in our New investment options – super members flyer or our New investment options – pension members flyer

  • Tasplan SuperTasplan SuperThe member is invested in one of the other investment options, what does this mean for them?

    The new fund will have nine investment options to choose from.

    Accounts will be automatically transferred to the option that most closely matches the member’s current investment option as shown below:

    Tasplan New fund
    Tasplan OnTrack®1 Balanced (the default MySuper option)
    Balanced Balanced
    Growth Growth
    Moderate Moderate
    Conservative Conservative
    Sustainable Sustainable
    Australian shares Australian shares
    International shares International shares
    Fixed interest Diversified fixed interest
    Cash Cash
    Property2 Balanced
    Long-term3 Long-term3

    ® Registered to Tasplan Pty Ltd ABN 13 009 563 062.

    1The Tasplan OnTrack option will close on 1 April 2021. One of the reasons for these changes was to reduce some of the cost and complexity of super by replacing a larger set of lifecycle options with a single Balanced (MySuper) option. Accordingly, our initial modelling suggests that the new Balanced (MySuper) option will see a material reduction in per unit investment costs over time, which leaves even more of your returns in your account.

    2The Property option will close on 1 April 2021. We’ve decided to close this option due to the very small number of members currently invested in it. Unfortunately the financial impacts of maintaining this type of investment option, given the small numbers, isn’t equitable to our whole membership. The Trustee has a responsibility to ensure that our products and services are fair and beneficial for all our members.

    3The Long-term option is only available to members with a Managed Pension.

    If they’re invested in more than one option, their account balance (and future transactions) will transfer to the investment options in the same proportions.

  • Tasplan SuperTasplan SuperThe member is invested in more than one investment option, what does this mean for them?

    If the member is invested in more than one option, their account balance (and future transactions) will transfer to the investment options in the same proportions.

    The new fund will have nine investment options to choose from.

    Accounts will be automatically transferred to the option that most closely matches the member’s current investment option as shown below:

    Tasplan New fund
    Tasplan OnTrack®1 Balanced (the default MySuper option)
    Balanced Balanced
    Growth Growth
    Moderate Moderate
    Conservative Conservative
    Sustainable Sustainable
    Australian shares Australian shares
    International shares International shares
    Fixed interest Diversified fixed interest
    Cash Cash
    Property2 Balanced
    Long-term3 Long-term3

    ® Registered to Tasplan Pty Ltd ABN 13 009 563 062.

    1The Tasplan OnTrack option will close on 1 April 2021. One of the reasons for these changes was to reduce some of the cost and complexity of super by replacing a larger set of lifecycle options with a single Balanced (MySuper) option. Accordingly, our initial modelling suggests that the new Balanced (MySuper) option will see a material reduction in per unit investment costs over time, which leaves even more of your returns in your account.

    2The Property option will close on 1 April 2021. We’ve decided to close this option due to the very small number of members currently invested in it. Unfortunately the financial impacts of maintaining this type of investment option, given the small numbers, isn’t equitable to our whole membership. The Trustee has a responsibility to ensure that our products and services are fair and beneficial for all our members.

    3The Long-term option is only available to members with a Managed Pension.

  • Tasplan SuperTasplan SuperWhat about investment fees?

    The new fund, like Tasplan, will be a profit-for-members fund, so it won’t charge extra fees just for the heck of it. The new fund will only charge what it absolutely needs to, so it can keep the fund growing. It won’t charge entry fees or contribution fees – and won’t pay commissions to financial planners.

    Investment fees are the costs charged for managing investments. They’re paid from investment earnings before they’re credited to accounts. The fees for each option in the new fund are below.

    Investment option Investment fee Performance fee Transaction cost Total
    Growth 0.34%  0.14%  0.11% 0.59%
    Sustainable 0.66%  0.12%  0.13%  0.91%
    Balanced  0.32%   0.12%  0.11% 0.55%
    Moderate 0.34%    0.03% 0.12% 0.49%
    Conservative 0.26%  0.06%   0.06% 0.38%
    Australian shares 0.18%   0.21% 0.19%  0.58%
    International shares 0.28%  0.15%   0.09% 0.52%
    Diversified fixed interest 0.20%   0.00% 0.06%  0.26%
    Cash 0.05%  0.00%  0.00%  0.05%

     

  • Tasplan SuperTasplan SuperWhat do they need to do?

    Members don’t need to do anything, unless they believe one of our other options would suit them better.

    If they’d like to switch investment options, they need to do so before 4pm 26 March 2021. Members can do this in Tasplan Online, by calling us on 1800 005 166 or by completing our Change your investments form for super members or the Change your Tasplan Pension investments form for pension members.

  • Tasplan SuperTasplan SuperWhat’s the last date changes can be made to investment options with Tasplan?

    If a member wants to change their investment option(s) to another option available with Tasplan, they’ll need to have done so before 4pm 26 March 2021. This is when our limited services period will begin. The limited services period ensures the successful transition of data to the new fund and means there will be a short period where members will be unable to transact on their account.

  • Tasplan SuperTasplan SuperWhen can changes to the investment option with the new fund be made?

    Once we merge on 1 April 2021, we’ll be able to accept investment switches. However, from 1 April to 30 April members will only be able to submit investment switches using a form. This form will be available after 1 April 2021 on the new funds website.

    Investment switches received by the new fund will be processed effective the date the form is received.

    Please note that while members can make requests from this date, they may not be reflected accurately on their account until late 30 April 2021 when unit prices are finalised and all processing is completed.

  • Tasplan SuperTasplan SuperWhere can members get more information on the new options?

    There’s more information about the investment options available from 1 April 2021 (including fees and costs) in our New investment options – super members flyer or our New investment options – pension members flyer. Our Investment guide (for super members) or our Tasplan Pension guide (for pension members) provides information on all our current options including their growth and defensive asset allocation.

  • Tasplan SuperTasplan SuperNeed help?

    If you’d like more information or have any questions, call us on 1800 005 166.