ANZ Smart Choice Super Investor Update : Member Update Autumn 2013
8 Importance of nominating beneficiaries We may not like thinking about bad things happening to us, but what if the worst did happen and your superannuation savings went to someone you’d prefer did not receive it? Well this can and does happen to many Australians and their superannuation. In many cases, the trustee of a superannuation fund has the power to decide who gets your money – including any insurance cover. The good news is that ANZ Smart Choice Super provides you a simple way to ensure your money goes to the people you determine – and not anyone else. No paper-forms or signatures required. By nominating a valid beneficiary, in the event of your death, your ANZ Smart Choice Super balance and any Death insurance cover will be paid to that person or persons you selected. A beneficiary can include a spouse, child, dependant or legal representative. And because circumstances can change all the time, it therefore becomes important to regularly review your current beneficiaries. The fact ANZ Smart Choice Super sits on ANZ Internet Banking means your beneficiaries are easily viewed and simple to update, anytime. Have super elsewhere? ANZ Smart Choice Super allows you to give us a “death benefit payment instruction” when you nominate your beneficiaries. But not all super funds offer you this feature. Some funds offer a ”non-binding” nomination which may mean the trustee can over-rule who you nominated. Providing your nomination is valid, with ANZ Smart Choice Super – who you nominate is final. Please refer to the Additional Information Guide for more information on beneficiaries. Who can be a beneficiary?
Investor Update 2012
Member Update Winter 2013