30 November 2011
 
Weekly Switching
 
From 1 December 2011 members will be able to make weekly switches between investment options.  Details are contained in the  updated Investment Options document and Fees and Charges document.
 
For a copy of the Investment Options document dated 30 November 2011 click here
For a copy of the Fees and Charges document dated 30 November 2011 click here

30 November 2011

MTAA Super Pension Product Disclosure Statement (PDS)

Members should note that a new Pension Product Disclosure Statement (PDS) was issued on 30 November 2011.  This Pension PDS has been updated to include:
 
- changes to the strategic asset allocations, effective from 1 November 2011, for the Balanced Option, Growth Option and Conservative Option.

-updated estimated investment management costs and updated estimated performance fees for each investment option

-changes relating to weekly investment switching

For a copy of the MTAA Pension Product Disclosure Statement click here

1 November 2011

MTAA Super Member Product Disclosure Statement (PDS)

Members should note that a new Member Product Disclosure Statement (PDS) was issued on 1 November 2011.  This Member PDS differs from the previous PDS in a number of material respects including:

-changes to the strategic asset allocations, effective from 1 November 2011, for the Balanced Option, Growth Option and Conservative Option.

-updated estimated investment management costs and updated estimated performance fees for each investment option

For a copy of the MTAA Super Member Product Disclosure Statement click here

1 August 2011

MTAA Super Member Product Disclosure Statement (PDS)

Members should note that a new Member Product Disclosure Statement (PDS) was issued on 1 August 2011. It has been prepared in accordance with the shorter form PDS regulations.

For a copy of the MTAA Super Member Product Disclosure Statement click here.

The new MTAA Super Employer Handbook was issued on 1 August 2011.  For a copy click here

1 July 2011

MTAA Super Pension Supplementary Product Disclosure Statement (PDS)

A Pension Supplementary PDS was issued on 1 July 2011 to update the MTAA Super Pension Handbook (issued on 1 February 2011) to incorporate the temporary reduction to the minimum pension drawdown rates for the 2011-12 financial year.

For a copy of the MTAA Super Pension Supplementary PDS click here

1 February 2011

MTAA Super Product Disclosure Statements (issued on 1 February 2011)

Members should note that a new Pension Product Disclosure Statement (PDS) was issued on 1 February 2011. This PDS incorporates into one document changes previously made by the two Pension Supplementary Product Disclosure Statements issued on 1 November 2010 and 25 November 2010.

An Employer Product Disclosure Statement (PDS) was also issued on 1 February 2011.

For a copy of the Pension PDS click here

For a copy of the Employer PDS click here.

1 January 2011

Financial Services Guide (FSG)

The Trustee’s Financial Services Guide (FSG) was reissued on 1 January 2011. For a copy of the Financial Services Guide (1 January 2011) please click here.  

25 November 2010

MTAA Super Member and Pension Supplementary PDS and Closure of the Target Return Option

A Member Supplementary PDS and Pension Supplementary PDS were issued on 25 November 2010 to update the MTAA Super Member Handbook (issued on 1 November 2010) and the MTAA Super Pension Handbook (issued on 1 July 2009) to reflect the anticipated closure of the Target Return Option to new investments from close of business 30 April 2011.

From 1 May 2011, all new and existing members will no longer be able to make any new investments of their account balance or future contributions into the Target Return Option. Existing balances invested in the Target Return Option before 1 May 2011 will not be affected.

For a copy of the Member Supplementary PDS (1 November 2010) click here

For a copy of the Pension Supplementary PDS (1 July 2009) click here

For further information about the closure of the Target Return Option click here

1 November 2010 

MTAA Super Member Product Disclosure Statement issued on 1 November 2010

Members should note that a new Member Product Disclosure Statement (PDS) was issued on 1 November 2010.  This Member PDS differs from the previous PDS in a number of material respects including:

• changes to the strategic asset allocations, effective from 1 November 2010, for the Balanced Option, Growth Option and Conservative Option
• changes to incorporate the estimated probability of a negative return for each investment option
• updated estimated investment management costs and updated estimated performance fees for each investment option.

1 November 2010

MTAA Super Pension Supplementary PDS

A Pension Supplementary PDS was issued on 1 November 2010 to make changes to the MTAA Super Pension Handbook (issued on 1 July 2009). The changes made by the Pension Supplementary PDS include:

• the new strategic asset allocations and ranges for the Balanced Option, Growth Option and Conservative Option
• changes to incorporate the estimated probability of a negative return for each investment option
• changes to the Pre-Mixed Option asset allocation section

2 October 2010 

MTAA Super Member, Pension and Employer Supplementary Product Disclosure Statements (PDSs) issued on 2 October 2010

Member, Pension and Employer Supplementary PDSs were issued on 2 October 2010 to make changes to the MTAA Super Member Handbook, MTAA Super Pension Handbook and MTAA Super Employer Handbook, which were issued on 1 July 2009.

The changes made by the Member and Pension Supplementary PDSs include:

• the new strategic asset allocation, effective from 1 April 2010, for the Balanced Option 
• the new strategic asset allocations, effective from 1 November 2009, for the Conservative Option, Growth Option, Target Return Option, International Shares Option and Diversified Fixed Interest Option
• changes to the objective of the International Shares Option
• changes to the objective of the Diversified Fixed Interest Option
• updated estimated investment management costs and updated estimated performance fees for each investment option
• an explanation as to how application moneys and rollover amounts are dealt with when a person applies to join the Fund.

The changes made by the Employer Supplementary PDS include:

• updated estimated investment management costs and updated estimated performance fees for each investment option

1 July 2010

Updates to the Member PDS and Pension PDS effective from 1 July 2010

Members should note that updates have been made to the Member PDS (issued 1 July 2009) and Pension PDS (issued 1 July 2009) from 1 July 2010.

For full details on the updates to the Member PDS (issued 1 July 2009) please click here

For full details on the updates to the Pension PDS (issued 1 July 2009) please click here 

9 April 2010

Crediting Rate Adjustment

The Trustee has recently been made aware of valuation information that has impacted on the performance of the Target Return Portfolio (TRP) for the period from October 2009 to February 2010. In accordance with Trustee policies the crediting rates for this period have been recalculated to take into account this revised information.

In the interests of member equity and to reflect the current position of the Fund, the Trustee has resolved to retrospectively apply the adjusted rates for all current members. If you are invested in an investment option with exposure to the TRP (Balanced, Conservative, Growth or Target Return Options) this will mean that your account balance is lower that it would have appeared using the previously declared rates. Information regarding the original crediting rates, the adjusted rates and the difference in each of the crediting rates as at 9 April 2010 can be downloaded here.
                                                                                                      
You should be aware that Fund members are not bearing the cost of the adjustment.

Click here for more information on the Fund’s valuation policy and crediting rate process.

1 April 2010

Half Yearly Update

MTAA Super has recently learned from its administration service provider, SuperPartners, that some Half Yearly Updates contain incorrect calculations of account estimates for the period to 31 December 2009.  If you have an incorrect update, it will be replaced shortly with a corrected one. In the meantime all members can log onto SuperSite to view their account details and current account balance estimate.  If you don't have access to SuperSite please call 1300 362 415 to obtain a PIN or simply ask for your account balance estimate.

The Half Yearly Report is available online and will also be posted to members from April 2010.

1 April 2010

• the new strategic asset allocation, effective from 1 April 2010, for the Balanced Option
• the new strategic asset allocations, effective from 1 November 2009, for the Conservative Option, Growth Option, Target Return Option, International Shares Option and Diversified Fixed Interest Option
• changes to the objective of the International Shares Option
• updated crediting rates for each investment option
• updated investment management costs for each investment option
• an explanation as to how application moneys and rollover amounts are dealt with when a person applies to join the Fund.

For a copy of the Member Supplementary PDS click here.

A copy of the Pension Supplementary PDS is available by clicking here.

26 March 2010

Notice to members

On Saturday 20 March 2010 two articles were published in the Weekend edition of Fairfax Publications: Sydney Morning Herald, the Melbourne Age, the Brisbane Times and WA Today, which contained a number of adverse inferences including a statement calling into question the viability of MTAA Super.  This is totally false and the Trustee has sought a retraction from Fairfax and an apology. 

MTAA Super is not in danger of closure.  MTAA Super would like to take this opportunity to advise you of a decision taken by the Trustee of MTAA Superannuation to server its Service Agreement with MTAA Ltd for the provision of Secretariat services. 

For full details click here. 

To view letters from prominent industry bodies click here.

2009 Member Updates