ANZ Smart Choice Super Investor Update : Member Update Autumn 2015
15 Important changes and information Update to Standard Risk Measures (SRMs) SRMs for each investment option profile are regularly reviewed and as part of the regular review of the SRM for each investment profile and based on a model designed to meet the guidance introduced by the Financial Services Council, some investment options have changed their SRM rating. Please refer to the following table for the previous and updated changed SRMs for affected investment options. Investment option SRM rating - 11 November 2013 SRM rating - 25 May 2015 ANZ Smart Choice 1960s Risk band 5 - Medium to high Risk band 6 – High ANZ Smart Choice 1970s Risk band 5 - Medium to high Risk band 6 – High ANZ Smart Choice 1980s Risk band 5 - Medium to high Risk band 6 – High ANZ Smart Choice 1990s Risk band 5 - Medium to high Risk band 6 – High ANZ Smart Choice Conservative Risk band 3 - Low to medium Risk band 2 – Low ANZ Smart Choice Global Fixed Interest Risk band 4 - Medium Risk band 3 – Low to medium ANZ Smart Choice Growth Risk band 5 - Medium to high Risk band 6 – High What is the impact? Personal and employer members invested in the above options are impacted. However, there is no change to the underlying investment objective and investment strategy. For more information refer to your Additional Information Guide. Update to Global Securities Option The performance benchmark for the Global Property Securities allocation, within the ANZ Smart Choice Global Property investment option has changed, see the following table. This change takes effect from 31 March 2015. Old benchmark New benchmark FTSE EPRA/NAREIT Developed ex Australia Net Total Return Index hedged to Australian Dollars FTSE EPRA/NAREIT Developed Rental ex Australia Net Total Return Index hedged to Australian Dollars What is the impact? There will be minimal impact to the ANZ Smart Choice Global Property investment option as a result of the performance benchmark change. The Fund will still use the most comparable index. Update to the ANZ Smart Choice Super Product Disclosure Statement for Employers and their employees The ANZ Smart Choice Super Product Disclosure Statement – Employers and their employees set of documents was reissued on 25 May 2015 to incorporate investment and regulatory changes. For more information on these changes, please read the product update.
Member Update Summer 2015
Member Update Winter 2015