Member Investment Choice (MIC) options mean you can invest your super savings to achieve your personal financial goals.
As a member of AustSafe Super, you can invest your super savings in a range of three (3) pooled investment options or you can design your own portfolio by investing in one or more of the six (6) asset class investment options. For comprehensive information about asset classes and investing see the Introduction to Investing. For a brief overview of AustSafe Super's asset allocation, click the link.
Making your investment choice
The choice that you make will depend on your attitude to risk and return and how comfortable you feel with these variables.
If you don't feel comfortable with risk you may choose to invest your super savings in defensive assets but if you aren't risk adverse you may choose to invest in growth assets. For more information about the asset classes visit the Introduction to Investing section in the Education Centre on this website.
The choice that you make may significantly impact the performance of your investment. If you want assistance in making a choice you can speak with a Personal Money Coach. Simply call our Customer Service Centre on 1300 131 293 and ask to be put through to a Personal Money Coach.
If you don't make a choice you will automatically be invested in the Balanced option which is the AustSafe Super's default option.
Switching your investment choice
At AustSafe Super we understand your investment needs may change over time so effective the week commencing 19 July 2010, we offer you the ability to switch your investment choice each weekly. This change will allow you to alter your investment choice mix more frequently, if required.
At AustSafe Super we concentrate on the long term investment performance of the Fund and do not alter the Fund's strategic asset allocation based on short term market volatility, however we appreciate that members value the ability to change their investment choices, which is why we are moving from monthly to weekly switching.
You can switch options each financial year free of charge. Additional swithes in the same financial year will be charged at $20 per switch.
You also have the flexibility to choose from a number of different investment options for both your existing account balance and/or future contributions.
Switches processed up to Thursday of any week will become effective at the next interim earning rate , typically the Thursday of the following week.
If the Fund processes your Member Investment Choice Form or online switch notification on 20 July 2010 (Tuesday), your investment choice will be effective 29 July 2010 (Thursday of the following week). You will receive written confirmation of the change to your investment choice. If you switch via Member Access you will be able to print a confirmation of your switch immediately.
To switch your Investment Choice online all you need is your Membership Number and Personal Identification Number (PIN). If you have not previously logged into MemberAccess just go to www.austsafe.com.au, click on MemberAccess Register and follow the prompts.
Your future Member Statements and Record of Contribututions will reflect your changed investment choice.
Don't forget to consider investment risks before switching. If you want assistance in making a decision you can talk to a Personal Money Coach.
AustSafe Super Industry Member Investment Choice form
AustSafe Super Personal Member Investment Choice form
AustSafe Super Pension Member Investment Choice form |