Investment changes for pension members

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

Don’t worry though, we’re here to help you decide which approach is right for you.

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

If you’re still unsure and would like some help, we can provide you with general advice on your account. If you need personal financial advice, you 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

Property option - changes explained

Our investment options - all changes explained

New investment options - pension members flyer

Investment guide

Frequently asked questions

• What's happening and why?
  On 1 April 2021 we’re merging with MTAA Super and we’re keen to ensure you 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 you’re happy with these changes you don’t need to do anything.

• When will the change occur?
  The investment options will change on 1 April 2021 when we merge with MTAA Super.

• I’m invested in the Property option, what does this mean for me?
  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 you 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 your current Tasplan Property option. 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 – pension members flyer.

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

• Will 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.

• I’m invested in one of the other investment options, what does this mean for me?
  The new fund will have nine investment options to choose from.

  Your account will be automatically transferred to the option that most closely matches your current investment option as shown below:

  Tasplan	New fund
  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
  Property1	Balanced
  Long-term2	Long-term2

  1The 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.

  2The Long-term option is only available to members with a Managed Pension.

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

• I’m invested in more than one investment option, what does this mean for me?
  If you’re invested in more than one option, your 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.

  Your account will be automatically transferred to the option that most closely matches your current investment option as shown below:

   

  Tasplan	New fund
  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
  Property1	Balanced
  Long-term2	Long-term2

  1The 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.

  2The Long-term option is only available to members with a Managed Pension.

• I have a Managed Pension, what does this mean for me?
  If you have a Managed Pension, your pension will continue to be invested in the Long-term and Cash options.

• What 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 you 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 your investments. They’re paid from investment earnings before they’re credited to your account. 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%

• What do I need to do?
  You don’t need to do anything, unless you believe one of our other options would suit you better.

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

• What’s the last date I can make a change to my investment option with Tasplan?
  If you want to change your investment options to another option available with Tasplan, you 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 you’re unable to transact on your account.

• When can I change my investment option with the new fund?
  Once we merge on 1 April 2021, we’ll be able to accept investment switches. However, from 1 April to 30 April you’ll 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 you can make requests from this date, they may not be reflected accurately on your account until late 30 April 2021 when unit prices are finalised and all processing is completed.

• Where can I 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 – pension members flyer.

  Our Tasplan Pension guide provides information on all of our current options including their growth and defensive asset allocations.

  There’s also more detail available here.

• Need help?
  If you’re unsure and would like some help, we can provide you with general advice on your account. If you need personal financial advice, you can meet with a Tasplan financial planner. Simply call us on 1800 005 166.

  You can count on us to continue to look after your money just like we always have.