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Pension Plan updates
The below table provides updates to the PDS, significant events and important information. Any updates should be read together with the PDS.
Notice date | Summary of event | Impact | Further information |
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10 December 2024 |
Proposed change of trustee |
The current trustee of your Fund, Perpetual Superannuation Limited (ABN 84 008 416 831 AFSL 225246 RSE L0003315) (PSL), has decided to retire as trustee of the Fund and enter into a Deed of Retirement and Appointment with Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757 RSE L0001458) (ETSL). Subject to the finalisation of all necessary legal agreements, ETSL will be appointed as the new trustee of the Fund with effect from 1 March 2025 |
For details, refer to our letter to members |
18 October 2024 |
Update to Perpetual Investment information in the PDS Features Book |
References to the Perpetual WealthFocus Investment Advantage Fund are removed from the PDS as our fund operations are updated. |
Effective 18 October 2024 the PDS Features Book is updated to remove references to the Perpetual WealthFocus Investment Funds and Perpetual WealthFocus Investment Advantage Fund. This is to reflect simpler fund operations by the trustee and PIML^. The investment options available to members are not impacted. In the ‘Important Notes’, paragraph 3 is replaced as follows: Reference in this PDS to 'PIML' are to Perpetual Investment Management Limited (ABN 18 000 866 535, AFSL 234426) as the responsible entity of the underlying registered managed investment schemes into which some of the investment options may invest. In the ‘Important Notes’, paragraph 9 is replaced as follows: This PDS contains all of the information that the Trustee believes is reasonably required for you to make an informed decision about investing in the Pension Plan and the various investment options. The investment options generally invest into corresponding underlying managed funds. These funds are managed investment schemes that are registered with the Australian Securities and Investments Commission (ASIC). On page 3, the last paragraph is deleted and replaced with: Perpetual Investment Management Limited is the responsible entity of certain managed investment schemes into which the investment options may invest. ^PIML also provides unit registry, investor administration, investment and custodial services to the Fund. These normal operating expenses are paid by the Trustee out of our administration fees. |
2 October 2024 |
Changes to the investment approach for the Platinum International investment option which appear on page 14 of the current PDS - Investment Book. |
The number of securities has been updated from 70 to 140 to 40 to 80 securities. The updated Investment Approach wording can be found in further information. |
Updated Investment Approach: The fund primarily invests in listed equity securities. The fund will ideally consist of 40 to 80 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found. Platinum may short sell securities that it considers overvalued and may also use derivatives. The fund will typically have 50% or more net equity exposure. Platinum manages risk associated with currency exposure through the use of hedging devices (eg foreign exchange forwards, swaps, non-deliverable forwards and currency options) and cash foreign exchange trades. |
14 June 2024 |
Changes to the investment guidelines for the BlackRock Tactical Growth investment option which appear on page 17 of the current PDS - Investment Book. |
The changes were effective on 28 March 2024. Refer to the flyer attached for the changes. |
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13 June 2024 |
New contact details |
From 13 June 2024 there are new investor contact details for the Perpetual WealthFocus Pension Plan. The above replace the contact details in the following sections in Parts 1 and 2 of the PDS for Perpetual WealthFocus Pension Plan (where applicable):
Please note that the email address for complaints remains MyComplaint@perpetual.com.au |
See contact us page - Client and Members tab: |
30 April 2024 |
Change to buy spread |
The buy spread for the Perpetual Global Allocation Alpha investment option has increased from 0.26% to 0.30%, effective 1 May 2024. The incorporated transaction costs and current buy/sell spreads document has been updated to reflect this change. |
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2 February 2024 |
PDS Update - replacement Investment Book issued. |
The replacement Perpetual WealthFocus Investment Book has been issued. It contains updated information in relation to the available investment options. We refer to the updated changes for:
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A copy of the new PDS can be found on this page or contact us for a copy free of charge on 1800 022 033. |
18 December 2023 |
PDS Update |
The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Pension Plan including: - updated fees and costs disclosure - cost of product information - recent superannuation and tax changes - changes to investment option profiles including changes to risk levels as attached - additional risks in the significant risk table - closure of investment options - changes to product features. Further information on changes to the product features in WealthFocus Pension Plan is set out in the summary. |
A copy of the new PDS can be found on this page or contact us for a copy free of charge on 1800 022 033. |
13 September 2023 |
The Perpetual Global Innovation Share investment option (“Option”) will be closed on 24 October 2023. |
Effective on and from 3pm on 12 September 2023, Perpetual will:
Investors in the Option will be notified of the closure of the Option and be provided with information on their choices. |
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2 August 2023 |
Reduction of the investment fee for the T. Rowe Price Global Equity investment option |
Effective 1 August 2023, the investment fee for the WealthFocus Pension Plan - T. Rowe Price Global Equity investment option has been reduced from 0.94% pa to 0.85% pa. |
N/A |
3 April 2023 |
Changes to the investment guidelines for the BlackRock Diversified ESG Stable, Diversified ESG Growth and Tactical Growth investment options which appear on pages 16, 17 and 18 respectively of the current PDS - Investment Book. |
The changes are effective on or after 31 March 2023. Refer to the flyer attached for the changes. |
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15 December 2022 |
Important update for Perpetual Geared Australian investment option (“Investment Option”). |
ASIC has revoked the Interim Order in relation to the Target Market Determination (TMD) of the underlying fund for the Investment Option (Revocation). On and from 15 December 2022:
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14 December 2022 |
Changes to the ‘Downsizer contributions’ eligibility age. |
From 1 January 2023, the age of eligibility for downsizer contributions will change from 60 to 55 years. Members aged 55 or over May make additional contributions of up to $300,000 from the proceeds of the sale of their principal residence, subject to eligibility criteria. Please refer to page 11 of the WealthFocus Super Plan Features Book dated 1 October 2022. |
N/A |
24 November 2022 |
Important update for Perpetual Geared Australian investment option (“Investment Option”). |
An Interim Order in relation to the Target Market Determination of the underlying investment fund for the Investment Option was made by ASIC on 24 November 2022. No further applications will be accepted and units issued in the Investment Option until such time as subsequently notified by Perpetual. Withdrawals for the Investment Option will continue in the usual way. |
N/A |
30 September 2022 |
PDS update |
The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Pension Plan including:
Further information in respect of the above is set out in the summary. |
A copy of the new PDS can be found on this page or contact us for a copy free of charge on 1800 022 033. |
30 August 2022 |
Changes to Perpetual Split Growth Investment Option (the “Option”) |
From 1 October 2022, the investment strategy of the fund will change. Changes will be made to the Option's;
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29 August 2022 |
The Investors Mutual Future Leaders and OnePath Diversified Fixed Interest investment options ("Options") will be closed to new members and members that are not currently invested in the Options from 30 August 2022 pending the termination of these Options, which, is expected to occur in November 2022. |
Impacted members will be contacted by mail regarding alternative investment options before the termination. |
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4 August 2022 |
On 15 February 2022 the Magellan Global investment option was closed to new members and members who were not currently invested in the option. We have completed our review and as a result the Magellan Global investment option has reopened to all members. |
From 4 August 2022 the Magellan Global investment option is open to all members. |
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6 June 2022 |
Changes to the investment approach and investment guidelines for the Schroder Strategic Growth investment option which appears on page 19 of the current PDS – Investment Book. |
The changes have taken effect from 27 May 2022. Refer to the attached flyer. |
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24 May 2022 |
Changes to the investment guidelines for BlackRock Tactical Growth investment option which appears on page 18 of the current PDS - Investment Book. |
The changes are effective on or after 31 May 2022. Refer to the flyer attached for the changes. |
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3 May 2022 |
Standard Risk Measure (SRM) update |
The risk level for the WealthFocus Allocation Pension Perpetual Global Innovation Share option per the ‘Investment Options’ section of the Perpetual WealthFocus Investment Book dated 1 December 2020, has been amended. |
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15 February 2022 |
We will be completing a review into the Magellan Global Fund as a result of recent changes to the Magellan Financial Group. The Magellan Global investment option will be closed to new members. We will provide an update to this notice when the review is complete. |
From 15 February 2022 the Magellan Global investment option will be closed to new members and members who are not currently invested in the option. There is no change to existing members holding this option. |
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28 October 2021 |
The AMP Capital Global Property Securities and the Aspect Diversified Futures Investment Options ("Options") will be terminated on or around 8 December 2021. |
The Options will be closed to switches from 3pm 28 October 2021. Investors in the Options will be notified of the termination of the Options and these investors will have until 29 November 2021 to provide instructions to us about what they would like done with their current holdings in the Options to be terminated. |
N/A |
11 October 2021 |
Reduction of the investment fee for the Vanguard Australian Fixed Interest Index investment option. |
Effective 1 October 2021, the investment fee for the WealthFocus Pension Plan – Vanguard Australian Fixed Interest Index investment option has been reduced from 0.24% pa to 0.19% pa. For the updated estimated ongoing annual fees and costs for the investment option, reflecting the reduction in the investment fee, please refer to the 'Ongoing Annual fees and costs reflecting the financial year ended 30 June 2021' document. The link for that document can be found under the heading 'Other Documents' above or under 'Further information' in the next column. |
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5 October 2021 |
Marketing name change for the Perpetual Global Share Fund |
The marketing name of the Perpetual Global Share Fund will change to the Barrow Hanley Global Share Fund from 1 November 2021. |
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1 October 2021 |
Changes to the OnePath Diversified Fixed Interest investment option |
In September 2021, the underlying OnePath Diversified Fixed Interest Trust (Fund) has made changes to their investment manager and investment objectives. Effective on 10 September 2021, the investment manager and investment objective profile which appears on page 6 of the Perpetual WealthFocus Investment Book dated 1 December 2020 is updated with the changes to the investment manager and investment objectives of the Fund as set out in the attached flyer. Also, information on the investment manager will be provided in the 'Details of current underlying investment managers' document which can be found above. |
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24 June 2021 |
The van Eyk Blueprint Capital Stable, van Eyk Blueprint Balanced and van Eyk Blueprint High Growth Investment Options will terminated on or around 24 June 2021 |
The remaining holdings in the van Eyk option/s were applied to the Perpetual Cash investment option effective 22 April 2021. If members only held the van Eyk Option/s, the final payments were made to their nominated bank account or by cheque. Members were notified in April 2021. Please contact us if you would like to request a copy of the notification. |
N/A |
23 June 2021 |
Standard Risk Measure (SRM) |
The risk level for the Perpetual Global Share Option in the fund profile found on page 14 in the Perpetual WealthFocus Investment Book issue number 9 dated 1 December 2020 has been amended. |
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18 June 2021 |
Notice of Pricing Delays |
Delay of unit pricing for a number of Funds and Investment options. |
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10 June 2021 |
Changes to the Macquarie Income Opportunities investment option. |
Effective on and from 1 July 2021, we have made changes to the investment guidelines for Macquarie Income Opportunities investment option profile, which appears on page 5 of the Perpetual WealthFocus - Investment Book dated 1 December 2020. |
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1 June 2021 |
Changes to the Perpetual Global Innovation Share & Perpetual Diversified Real Return investment options. |
Effective on and from 1 June 2021, we have made the following changes to the investment option profiles which appear on pages 14 & 17 of the Perpetual WealthFocus – Investment Book dated 1 December 2020: Global Innovation Share: objective and investment approach Diversified Real Return: investment approach and investment guidelines |
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6 April 2021 |
Update to the Ethical Screening process |
The Ethical Screening process has been updated for the Perpetual Ethical SRI investment option |
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1 April 2021 |
Changes to buy/sell spreads |
Effective 1 April 2021, the buy/sell spreads for some of the Multi Asset funds have changed. |
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19 February 2021 |
Update on the van Eyk Blueprint Funds. Macquarie Investment Management Limited, the responsible entity of the van Eyk Blueprint Capital Stable Fund, van Eyk Blueprint Balanced Fund and van Eyk Bluepint High Growth Fund (the van Eyk Blueprint Funds) have provided an update on the wind up of the van Eyk Blueprint Funds. |
Members have been provided with an update on the van Eyk Blueprint Funds wind-up by letter dated 16 February 2021. The letter includes correspondence from the responsible entity of the van Eyk Blueprint Funds, Macquarie Investment Management Limited, dated 25 January 2021. Please contact us if you have not received your update and would like to request a copy. |
N/A |
1 December 2020 |
PDS update |
The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Pension Plan including:
Further information in respect of the above is set out in the summary. |
For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033. |
1 December 2020 |
Changes to Perpetual Split Growth Investment Option (the “Option”) |
From 1 December 2020, the investment strategy of the underlying fund will change. Changes will be made to the Option’s:
The investment fees of the Option will reduce from 2.13% to 0.80% from 1 December 2020. The new fee is comprised of an administration fee and investment fee. This amount does not include estimated costs. These estimated costs can be found here. |
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27 October 2020 |
WealthFocus update |
From 1 December 2020 we're introducing a clearer and simpler fee structure including: |
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28 September 2020 |
Perpetual Global Share Investment Option (the “Option”): Transition update |
The transition of the Option’s underlying fund’s assets to Barrow, Hanley, Mewhinney & Strauss, LLC was completed on 9 September 2020. Details of the estimated transition costs incurred are available upon request. |
For information, please email investments@perpetual.com.au, or phone us on 1800 022 033. |
7 September 2020 |
PDS update: Changes to Perpetual Global Share Investment Option (the “Option”) |
Barrow, Hanley, Mewhinney & Strauss, LLC (“Barrow Hanley”) has been appointed as investment manager of the Option and the investment strategy of the Option has been updated. The buy/sell spread of the Option will reduce with Barrow Hanley managing the Option. Effective 1 October 2020, the performance fee will be removed. |
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17 August 2020 |
PDS update: |
PIML intends to cease acting as the investment manager of the Option and will appoint Barrow, Hanley, Mewhinney & Strauss, LLC as investment manager of the Option. It is intended that with the appointment of Barrow Hanley, changes May be made to the Option’s:
These changes are expected to occur by the end of September 2020, subject to the necessary documentation and other processes being in place. Barrow Hanley will become a related party of PSL, and part of the Perpetual Group, with the proposed acquisition of a majority interest in Barrow Hanley by Perpetual Limited. |
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22 July 2020 |
Update on the van Eyk Blueprint funds. |
Investors in the Fund have been provided with an update on the fund wind-up by letter dated 22 July 2020. The letter includes correspondence from the responsible entity of the underlying van Eyk Blueprint funds, Macquarie Investment Management Limited, dated 29 May 2020. Please contact us if you have not received your update and would like to request a copy. |
N/A |
21 July 2020 |
Reduction of the management fee for the Perpetual Diversified Income and Perpetual Dynamic Fixed Income investment options. Please refer to the flyer under further information for details on the fee reductions. |
Effective 1 October 2020, the management fee for the Perpetual Diversified Income and Perpetual Dynamic Fixed Income investment options have been reduced. |
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16 July 2020 |
Reduction of the investment fee for the T. Rowe Price Global Equity investment option |
Effective 16 July 2020, the investment fee for the WealthFocus Pension Plan – T. Rowe Price Global Equity investment option has been reduced from 2.15% pa to 2.06% pa. Refer to the 'Annual Investment Fees and Estimated Indirect Costs' table starting on page 13 of the current PDS Part 1 - (Features Book). |
n/a |
29 June 2020 |
The Standard Risk Measures have changed for some of our investment options. Please refer to the flyer under further information for the specific investment option. |
Updates to SRMs for some investment options in PDS Part 2 – Investment Book dated 1 March 2019. Investment Options profiles from page 5-21. |
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26 June 2020 |
Reduction of the investment fee for the Aspect Diversified Futures Option |
Effective 26 June 2020, the investment fee for the WealthFocus Pension Plan – Aspect Diversified Futures investment option has been reduced from 2.62% pa to 2.32% pa. Refer to the 'Annual Investment Fees and Estimated Indirect Costs' table starting on page 13 of the current PDS Part 1 - (Features Book). |
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1 June 2020 |
Reduction in the investment fee for the Perpetual Cash Option |
Effective 1 June 2020, the investment fee for the WealthFocus Pension – Perpetual Cash investment option has been reduced from 0.42% to 0.22%. Our estimated expense recoveries remain unchanged at 0.03%. |
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30 March 2020 |
Temporarily reduce superannuation minimum drawdown rates |
The Commonwealth Government has passed legislation as part of its plan to cushion the economic impact of COVID-19 and help build a bridge to recovery. The Government is temporarily reducing superannuation minimum drawdown requirements for account based pensions and similar products by 50 per cent for 2019-20 and 2020-21. This measure will benefit retirees by providing them with more flexibility as to how they manage their superannuation assets. |
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19 February 2020 |
PDS Update: Reference is made to the WealthFocus Schroder Balanced (‘Diversified – Growth’) investment option which appears on page 19 of the current PDS – Investment Book. |
Change of investment guidelines. |
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31 October 2019 |
BlackRock Investment Management (Australia) Limited, the investment manager of the BlackRock Scientific Diversified Growth and BlackRock Scientific Diversified Stable investment options have made some enhancements to the funds. Effective from 31 October 2019, the options will: - Integrate Environmental, Social and Governance (ESG) considerations into the investment process - Screen out certain ESG sensitive sectors, including but not limited to Tobacco, Controversial Weapons and Nuclear Weapons on a fund-wide level. |
Please refer to the information provided by BlackRock for further details on the changes. As a result of the change, the composite benchmarks will change to reflect new ESG focused benchmarks for some of the asset classes. From 31 October 2019, footnote 25 on page 21 of the PDS - Investment Book dated 1 March 2019 should read: The benchmark indices include the S&P/ASX 300 Accumulation Index, MSCI World Index ex-Australia Net TR Index (unhedged and hedged in AUD), FTSE EPRA/NAREIT Developed Net TR Index (unhedged), Bloomberg Barclays MSCI Australia 100mn ESG Index, Bloomberg Barclays MSCI Global Aggregate SRI Select ex-Fossil Fuels Index (hedged in AUD), Bloomberg AusBond Bank Bill Index, JPM EMBIG Div Core Index 100% AUD Hedged Index, FTSE Developed Core Infrastructure Net TR Index (unhedged) and the MSCI Emerging Markets IMI ex Tobacco ex Controversial ex Nuclear Weapons Net TR Index (unhedged). The investment option names will remain unchanged until we next roll our PDS. |
N/A |
14 October 2019 |
PDS Update: Fees and Costs information In this update, we replace the information in the PDS on fees and costs. Generally, the estimated annual costs information have been updated for changes in indirect costs in certain investment options. |
The information in the PDS and Features Book on management costs is replaced by the information in the attached flyer. |
Refer to the attached flyer. |
8 October 2019 |
PDS Update: Accepting changes to bank account details by email |
Effective from 8 October 2019, Perpetual WealthFocus Pension Plan will also accept changes to your bank account details by email. |
N/A |
1 October 2019 |
Fee change for WealthFocus Perpetual Cash and PDS update |
Effective 1 October 2019, the following changes will apply to Perpetual Cash investment option:
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For full details on fees and costs, refer to the current information in the PDS together with our updates. |
25 September 2019 |
Fees and Costs - Figures for FY 2019 |
The Fees and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2019 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS |
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18 September 2019 |
Incorrect ‘Portfolio Fundamentals’ Data on Fund Profiles |
The 'Portfolio Fundamentals' section of some Fund Profiles previously contained inaccurate figures for:
for the period of May 2018 – June 2019. The Portfolio Fundamentals are an estimate of forward-looking metrics. These figures are compiled by Perpetual for the purposes of providing additional information to investors to illustrate Perpetual’s quality and value investment process in action. The figures were incorrect as a result of a data error relating to a corporate action on a single security. This error has since been corrected. The corrected information can be found in the flyer. The ‘Portfolio Fundamentals’ will be found in Fund Profiles in due course. |
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3 July 2019 |
Reference is made to the WealthFocus Morningstar Growth Real Return (‘Diversified – Growth’) investment option which appears on page 14 of the current PDS – Features Book. The WealthFocus Morningstar Growth Real Return investment option, with effect from 1 July 2019, has lowered the Investment Fee (% PA) from 1.95% to 1.78% pa. The other ‘Standard Fees and Costs’ remain unchanged. |
Refer to the 'Annual Investment Fees and Estimated Indirect Costs' table starting on page 13 of the current PDS - Features Book. |
N/A |
1 July 2019 |
Reference is made to the underlying Vanguard Australian Shares Index investment option which appears on page 13 of the current PDS – Features Book. The Vanguard Australian Shares Index is lowering its management costs. As a result, with effect from 1 July 2019, the Investment Fee (% PA) will be lowered from 1.40% to 1.38% pa. |
Refer to the 'Annual Investment Fees and Estimated Indirect Costs' table starting on page 13 of the current PDS - Features Book. |
N/A |
6 June 2019 |
Update on the van Eyk Blueprint funds. |
Investors in the Fund have been provided with an update on the fund wind-up by letter dated 4 June 2019. The letter includes correspondence from the responsible entity of the underlying van Eyk Blueprint funds, Macquarie Investment Management Limited, dated 30 May 2019. Please contact us if you have not received your update and would like to request a copy. |
N/A |
1 March 2019 |
PDS update |
The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Pension Plan including: Further information in respect of the above is set out in this summary. |
For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033. |
1 December 2018 |
PDS Update: Fees and Costs information In this update we replace the information in the PDS on fees and costs. Generally the estimated annual costs information have been updated for • changes in indirect costs in certain investment options, and |
The information in the PDS and Features Book on fees and costs is replaced by the information in the attached flyer. |
Refer to the attached flyer. |
1 December 2018 |
Cash investment option rebate update. The investment fee rebate for the Perpetual Cash investment option was reduced from 0.35% to 0.15% pa in November 2018. However, this reduced rebate will take effect from 1 March 2019 and Perpetual is currently covering the 0.20% pa difference so the effective net fee to members is 0.22% until then. |
The investment fee rebate change on 1 November 2018 will take effect from 1 March 2019. |
For full details on fees and costs, read the PDS together with the 1 December 2018 PDS update. |
27 November 2018 |
Update on the van Eyk Blueprint investment options. |
Members with holdings in these options |
View letters van Eyk Blueprint High Growth |
2 October 2018 |
Fee change for WealthFocus Perpetual Cash |
Refer to PDS Features Book, fee rebate - page 12. The changes to the investment fee and estimated effective total net annual cost are as follows: |
Effective 31 August 2018, the gross investment fee for Perpetual Cash was lowered from 1.05%pa to 0.57%pa. Effective from 30 November 2018, the fee rebate for Perpetual Cash will be lowered from 0.35%pa to 0.15%pa. The net impact of these changes is that the net investment fee for Perpetual Cash has lowered from 0.70%pa to 0.42%pa. |
28 September 2018 |
The Trustee has decided to close ten investment options to new members from 28 September 2018. These closed options will then be removed from the WealthFocus investment menu on 18 February 2019. The closing investment options are: |
These investment options will be closed to new members from 28 September 2018. Existing members in these options are able to transact up until 3pm 18 February 2019. Any investments remaining in the closed options after 18 February 2019 will be transferred into the respective successor options. |
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19 September 2018 |
Fees and Costs - Figures for FY 2018 |
The Fees and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2018 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS. |
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4 September 2018 |
The investment manager Aberdeen Asset Management Limited, has changed its name to Aberdeen Standard Investments Australia Limited. |
Refer to PDS - Investment Book dated 1 May 2017 page 14 and Perpetual WealthFocus Investment Manager Information flyer page 1. |
N/A |
3 September 2018 |
Change to the external dispute resolution (EDR) scheme to which you can refer complaints that remain unresolved after having dealt with our internal complaints process. From 1 November 2018, any external complaints should be referred to the Australian Financial Complaints Authority (AFCA). Please refer to the attached flyer for contact details. |
Refer to PDS Part 1 - Features Book dated 1 May 2017 page 26. |
N/A |
31 August 2018 |
We have lowered the WealthFocus Perpetual Cash investment option investment fee from 1.05% to 0.57% pa effective from 31 August 2018. |
Refer to 1 December 2017 PDS Update: Fees and Costs information page 3. |
N/A |
1 June 2018 |
The underlying fund, Perpetual Ethical SRI, has enhanced its ethical exclusions and SRI screening process by: Refer to the Investment Book page 25 & 26. |
The word "ethical' has been added to the Objective section of the Perpetual Ethical SRI Investment Option Profile. This should now read: Refer to PDS Investment Book dated 1 May 2017 page 12 and Investment Book pages 25 & 26. |
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1 June 2018 |
The investment guidelines for the Perpetual Diversified Income Investment Option has been updated: The investment guidelines for the Perpetual Dynamic Fixed Income Investment Option has been updated: |
Refer to PDS Investment Book dated 1 May 2017 page 6. |
N/A |
7 May 2018 |
BT Property Securities Investment Option - The underlying fund, BT Wholesale Property Securities Fund, has changed its name to Pendal Property Securities Fund. BT Australian Share Investment Option - The underlying fund, BT Wholesale Australian Share Fund, has changed its name to Pendal Australian Equity Fund. BT International Share Investment Option - The underlying fund, BT Wholesale International Share Fund, has changed its name to Pendal International Share Fund. The name changes to the investment options and underlying funds will be updated in the next issue of the PDS. |
Refer to PDS Part 2 - Investment Book dated 1 May 2017 pages 3, 8, 9 & 15 respectively and Features Book dated 1 May 2017 pages 12, 13, 37 & 38. |
N/A |
7 May 2018 |
The investment manager BT Investment Management (Institutional) Limited, has had a change of name to Pendal Institutional Limited. |
Refer to PDS Part 2 - Investment Book dated 1 May 2017 pages 8, 9 & 15 and Perpetual WealthFocus Investment Manager Information flyer page 2. |
N/A |
1 December 2017 |
PDS Update: Fees and Costs information An error was made in the 'Estimated Other Indirect Costs' and 'Estimated Total Annual Cost' for Vanguard International Shares Index investment option. Please refer to the attached flyer for updated costs. |
The information in the PDS Part 1 (Features Book) on Fees and other costs is replaced by the information in the attached flyer. |
Refer to the attached flyer. For full details on fees and costs read the PDS together with this update. |
1 November 2017 |
PDS Update: Fees and Costs information In this update we replace information in the PDS on fees and costs to: • Consolidated the prior fee update on 3 July 2017 and 31 August 2017, and updated the estimated indirect cost ratio. Generally, the fees and costs information has been updated due to movements in indirect costs. |
The information in the PDS Part 1 (Features Book) on Fees and other costs is replaced by the information in the attached flyer. |
Refer to the attached flyer. For full details on fees and costs read the PDS together with this update. |
9 October 2017 |
Fees and Costs – Figures for FY 2017. |
The Fees and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2017 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS. |
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9 October 2017 |
PDS Update: Transaction Cost document updated. |
This incorporated document has been replaced with 30 June 2017 information now available. |
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29 September 2017 |
Changes to the investment guidelines for Morningstar Balanced Real Return, Morningstar Conservative Real Return and Morningstar Growth Real Return Investment Options. |
Refer to Investment Book dated 1 May 2017 pages 19, 20 and 22. |
Refer to the attached flyers Morningstar Balanced Real Return |
13 September 2017 |
Account based pension (ABP) – reversionary nominations |
Changes to reversionary beneficiary nominations can now be requested without the need to commute your ABP and restart a new pension. |
This feature is for account based pensions only. It does not apply to term allocated pensions. Please refer to the form attached. We recommend that you consult a financial and/or tax adviser before making or changing a beneficiary nomination. |
5 September 2017 |
Final payment for APN Unlisted Property and Australian Unity Mortgage Income Investment Option was made effective 27 March 2017 and 12 April 2017 respectively. |
The APN Unlisted Property Investment Option and the Australian Unity Mortgage Income Investment Option were originally expected to be terminated on 15 May 2017 and 10 June 2017 respectively. Both of the investment options were finally terminated as at 30 June 2017. |
n/a |
31 August 2017 |
Changes to the investment objective, investment guidelines and a reduction in the investment fee (gross fee) for BlackRock Balanced Investment Option. |
Refer to PDS - Features Book dated 1 May 2017 page 13 and PDS - Investment Book dated 1 May 2017 page 21. |
Refer to the attached flyer |
22 August 2017 |
Return of capital payments on the van Eyk Blueprint investment options |
Investors/members with holdings in these options |
View letters: |
18 July 2017 |
We refer to an error in our Investment Book for BlackRock Balanced investment option -investment guideline - Cash footnote. The footnote is recorded as 11 however it should be 17. |
Refer to PDS - Investment Book dated 1 May 2017 page 21. |
Cash footnote should read: Capital allocation to cash May include cash, cash equivalents (including other BlackRock managed investment schemes) and allocation to investment strategies that have a cash benchmark, which May be used to implement security selection and active asset allocation views. |
3 July 2017 |
The underlying Platinum Asia and Platinum International Funds have lowered their management costs. As a result the WealthFocus investment fee (gross fee) will be lowered from 2.75% to 2.56% pa. |
Refer to 'Annual Investment Fees and Estimated Indirect Costs' table starting on page 12 of current PDS - Features Book. |
n/a |
1 May 2017 |
PDS update |
The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in the WealthFocus Super Plan, Pension Plan, Wholesale Super Plan and Wholesale Pension Plan, including: - Fees and costs information following changes to ASIC Class Order [CO 14/1252]. The information on indirect costs and other costs have been updated in line with those changes - Recent superannuation and tax changes - Non-lapsing binding nominations - Investment options |
A copy of the summary of material changes can be found here. For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033. |
13 April 2017 |
Final payment for Australian Unity Mortgage Income Investment option was made effective 12 April 2017. Payment was made to Perpetual Cash or any other available investment option in accordance with your previous instruction. |
The Australian Unity Mortgage Income Investment Option will terminate on 10 June 2017. |
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4 April 2017 |
Final payment for APN Unlisted Property Investment option was made effective 27 March 2017. Payment was made to the Vanguard Australian Property Securities Index or any other available investment option in accordance with your previous instruction. |
The APN Unlisted Property Investment Option will terminate on 15 May 2017. |
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29 March 2017 |
We have been notified by BlackRock that the underlying BlackRock Global Small Cap Fund is terminating on 29 March 2017. This will mean that the WealthFocus BlackRock Global Small Cap investment option will also be terminating. |
This will impact existing WealthFocus BlackRock Global Small Cap members. The option is closed to applications and withdrawals effective immediately. We will write to existing members setting out their options shortly. |
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15 March 2017 |
The Standard Risk Measures have changed for some of our Investment Options. Please refer to the flyer under further information for the specific investment option |
Refer to PDS Part 2 - Investment Book dated 17 April 2015. Investment Options profiles from page 5-26. |
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20 December 2016 |
Some of the investment options offered on WealthFocus will be closing in February 2017. Investors in these options are able to give instructions on what they’d like done with their holdings in these options either by:
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Existing investors in these options have until 3pm on 9 February 2017 to give instructions. If we don’t hear from them the default choices outlined in our letter sent in October will apply. |
N/A |
1 October 2016 |
Change of performance benchmark for AMP Capital Global Property Securities from FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI to FTSE EPRA/NAREIT Developed Index Hedged in AUD Net TRI. |
Refer to PDS - Investment Book dated 17 April 2015 page 8. |
N/A |
30 September 2016 |
Change to the investment guidelines for BlackRock Balanced Investment Option |
Refer to PDS - Investment Book dated 17 April 2015 page 24. |
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4 October 2016 |
The Responsible Entity / Trustee have decided to close ten investment options to new investors from 4 October 2016. These closed options will then be removed from the WealthFocus investment menu on 10 February 2017. The closing investment options are:
Any investments remaining in the closed options after 9 February 2017 will be invested or returned to relevant investors as notified to them. |
Existing investors in these options have until 9 February 2017 to provide instructions to us about what they would like done with their current holdings in the closing investment options. |
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31 August |
Change to the investment guidelines for BlackRock Scientific Diversified Growth Investment Option |
Refer to PDS - Investment Book dated 17 April 2015 page 24. |
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31 August |
Change to the investment guidelines for BlackRock Scientific Diversified Stable Investment Option |
Refer to PDS - Investment Book dated 17 April 2015 page 22. |
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1 July 2016 |
Ibbotson Associates Australia Limited, Morningstar's investment management business in Australia, has been renamed Morningstar Investment Management Australia Limited. |
Perpetual WealthFocus Investment Manager Information |
N/A |
23 May 2016 |
The Standard Risk Measures have changed for some of our Investment Options. Please refer to the flyer under further information for the specific investment options. |
Refer to PDS - Investment Book dated 17 April 2015. Investment Options profiles from page 5-26. |
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16 May 2016 |
For Aspect Diversified Futures, the "Investment approach" has been amended as follows: Aspect takes a quantitative and systematic approach to investment management. Aspect has no market sector or directional preference, and markets are selected on the basis of diversification, liquidity and transaction costs. Aspect’s trend-following systems operate in over 140 of the most liquid global futures and forward markets and employ a quantitative process to collect, process and analyse market data in order for the model to determine a view of the trend following opportunities in each market in the portfolio. By maintaining a comparatively small exposure to any individual contract, Aspect achieves sector and contract diversification, thereby allowing a wide range of opportunities to be exploited and maximising expected long-term risk-adjusted returns. The fund aims to minimise unintentional currency exposure. The fund uses derivatives (exchange-traded futures and over-the-counter foreign exchange forward contracts) to implement its investment strategy. The fund strategy can and does take short exposures through the futures and forward markets traded. The face value of the fund’s combined long and short positions will frequently be greater than 100% of the fund’s net asset value and as a result, the fund will be leveraged. |
Refer to PDS - Investment Book dated 17 April 2015 page 26. |
N/A |
16 May 2016 |
The Perpetual Industrial Share Investment Option changes include: 1. Investment Objectives Replace as follows: Aims to provide long-term capital growth and regular income through investment in quality industrial shares. The fund aims to outperform the S&P/ASX 300 Industrials Accumulation Index (before fees and taxes) over rolling three-year periods. 2. Investment Guidelines Replace as follows: Industrial Shares* 90-100% Cash 0-10% *The underlying fund invests primarily in shares listed on or proposed to be listed on any recognised Australian exchange but May have up to 10% exposure to shares listed on or proposed to be listed on any recognised global exchange. Currency hedges May be used from time to time. |
Refer to PDS - Investment Book dated 17 April 2015 page 15. |
N/A |
1 April 2016 |
Goldman Sachs Australian Infrastructure Investment Option name change to Goldman Sachs Australian Infrastructure & Property Equity Investment Option. |
Name change. |
N/A |
29 February 2016 |
Ibbotson Growth Investment Option is closed to all new members effective 29 February 2016 until further notice. |
New members only |
N/A |
11 January 2016 |
For Ibbotson Growth, under "Investment approach" the stated long term average exposure of 50% to growth assets and 50% to income assets respectively is replaced as follows: "An actively managed diversified trust with a long term average exposure of around 70% to growth assets such as shares, property and alternative investments and around 30% exposure to income assets such as cash and fixed interest. The trust will be invested dynamically across managed funds, direct securities, exchange traded funds, foreign exchange contracts and/or derivatives. The trust aims to deliver real returns whilst preserving capital over the targeted investment horizon". |
Refer to PDS - Investment Book dated 17 April 2015 page 25. |
TBA |
1 January 2016 |
Correction to investment guidelines |
Members in Ibbotson Conservative Growth |
The investment guideline for Cash is 10-70% |
8 January 2016 |
Change to the Australian Unity Mortgage Income investment option unit price. |
Clients with holdings in this investment option. |
View attached |
1 December 2015 |
Change of investment guidelines for BlackRock Balanced Investment Option. |
n/a |
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1 December 2015 |
Change of an index performance benchmark for BlackRock Balanced Investment Option. |
Replace benchmark index UBS Global Investors ex-AUS NR (hedged in AUD) with FTSE EPRA/NAREIT Developed Rental Net TR Index (hedged in AUD) for BlackRock Balanced Investment Option. |
n/a |
17 November 2015 |
Change of investment strategy for Goldman Sachs Australian Infrastructure |
The changes will apply from 17 December 2015. Applications have been suspended until this time. Withdrawals May still be made. |
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1 October 2015 |
The standard risk measure for the Perpetual Global Share Investment Option has increased from 6 – High to 7 – Very high. |
Clients with holdings in this investment option. |
n/a |
1 October 2015 |
Effective 1 October 2015, the investment objective for Zurich Investments Global Thematic Share Investment Option will change from a five to a seven year period. |
Aims to provide long term capital growth with the benefits of global diversification. The fund aims to achieve risk adjusted returns that exceed the MSCI World (ex-Australia) Accumulation Index in $A (net dividends reinvested) over periods of seven or more years. |
n/a |
30 September 2015 |
Change of investment guidelines for Perpetual Diversified Real Return Investment Option. |
n/a |
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30 September 2015 |
Change of investment guidelines for Perpetual Conservative Growth Investment Option. |
Effective 30 September 2015, the Investment guidelines for the Perpetual Conservative Growth Fund have been modified. The investment range for investments into Cash and enhanced cash is now 15-55%. Previously it was 15-45%. |
n/a |
16 July 2015 |
Unit pricing has been suspended for the:
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Investors / members with holdings in these investment options |
View Letters: |
1 July 2015 |
Change of investment guidelines for Schroder Balanced Investment Option. |
n/a |
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30 April 2015 |
Change of performance benchmark for BlackRock Global Small Cap |
Change of performance benchmark from the S&P Global MidSmall Cap Index (unhedged in AUD) to the MSCI AC World Small Cap Index (unhedged in AUD). |
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1 April 2015 |
Change to Goldman Sachs Australian Infrastructure Investment Option benchmark |
New objective - To achieve a balance of income and medium-to-long term capital growth by investing primarily in Australian listed infrastructure and utilities securities. In doing so, we aim to outperform the Consumer Price Index ('CPI')* plus 4.0% over rolling three year periods. *All groups CPI weighted average of eight capital cities produced quarterly by the Australian Bureau of Statistics |
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27 March 2015 |
Investment options closed and being wound up:
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Investors / members with holdings in these investment options. |
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30 January 2015 |
Perpetual International Share
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Investors / members with a holding in Perpetual International Share |
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5 November 2014 |
Termination of the Howard Mortgage Investment Option |
On 5 November 2014 the Howard Mortgage Investment Option was terminated. |
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1 October 2014 |
Change of Investment Manager - Schroder Global Emerging Markets Investment Option |
Change of Investment Manager for the Schroder Global Emerging Markets Investment Option from Schroder Investment Management Australia Limited to Schroder Investment Management Ltd. |
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26 September 2014 |
Change in benchmark names |
n/a |
Following the sale of UBS’s bond index business to Bloomberg, the following indexes are being renamed: |
26 September 2014 |
Correction to investment guidelines |
Members invested in Perpetual Balanced Growth |
The investment guideline for fixed income is 0-35% |
15 August 2014 |
Macquarie Investment Management Limited, the responsible Entity of the funds: van Eyk Blueprint - Capital Growth, van Eyk Blueprint - Balanced, van Eyk Blueprint - High Growth has decided to commence termination of the funds. |
No transactions are permitted until further notice. |
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6 August 2014 |
Suspension of the following investment options effective immediately: van Eyk Blueprint - Capital Stable, van Eyk Blueprint - Balanced, van Eyk Blueprint - High Growth |
No transactions are permitted until further notice. |
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4 August 2014 |
Change to investment guidelines |
Members invested in Schroder Fixed Income |
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2 July 2014 |
Perpetual Global Resources Investment Option Closure |
Members invested in the closed Investment Option will be switched to Perpetual Cash. |
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1 July 2014 |
Changes to investment option names |
There have been two changes to investment option names made by the managers of the underlying funds offered on WealthFocus. |
Included as part of the new Product Disclosure Statement issue date 1 July 2014. 1. DWS Global Equity Thematic change to Ironbark GTP Global Equity Thematic 2. RREEF Global Property Securities to Ironbark Global Property Securities |
30 May 2014 |
Changes to insurance premium and terms |
From 1 July 2014 insurance premiums are changing. There are also some changes to terms and conditions. |
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29 May 2014 |
Investment limits have been introduced for the Premium China Investment option |
From 1 July 2014 new investors in the Premium China investment option will be unable to allocate more than 50% of their WealthFocus Super Plan assets to this option and will also be required to choose the auto-rebalance feature. |
If you hold the Premium China investment option on 1 July 2014 these limits will not apply to you. However, if you exit this investment option completely the appropriate allocation limits and requirements for auto-rebalancing will be applied to any future investment in this option made after 1 July 2014. |
27 March 2014 |
Change to the investment guidelines |
Members invested in Perpetual’s Industrial Share Fund. |
Effective 27 March 2014, the investment option’s investment guidelines have been modified to allow a controlled sale of shares that move off an Australian exchange. Where shares held in the portfolio de-list from an Australian exchange and the holdings are tradable on an international exchange, the stock must be sold within 12 months of de-listing. Currency hedges May be used from time to time. |
14 March 2014 |
Unit Pricing Rectification |
Members Invested in the closed WealthFocus Super Options ING Managed Growth and BlackRock Indexed Australian Listed Property were compensated as a result of a unit pricing error. |
Members were compensated in the form of additional units, where clients no longer hold investments with Perpetual a Cheque has been mailed to the fund they transferred into. We estimate 466 people were impacted with an estimated average compensation of $200. |
28 February 2014 |
Change to the Asset allocation for BlackRock funds |
Members Invested in BlackRock Scientific Diversified Growth & BlackRock Scientific Diversified Stable investment options. |
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5 February 2014 |
Change to Ausibil Dexia Performance Fee Benchmark |
Members invested in Ausbil Dexia Emerging Leader Fund |
New Performance Benchmark effective 5 February 2014: Ausbil Dexia Limited charges a performance fee of 15% (exclusive of GST) of any return of the underlying fund greater than the return of the underlying fund's benchmark along with 0.85% p.a. The benchmark is 70% S&P/ASX Mid-cap 50 Accumulation Index and 30% S&P/ASX Small Ordinaries Accumulation Index. As the return is based on the return of an index it can be a positive or negative return. The performance fee will apply to any benchmark out-performance and will be paid monthly. |
1 February 2014 |
Enhanced Disclosure |
Additional Information is available for Members invested in funds which hold complex; investment strategies, fund structure, and May be available in short-selling. |
Perpetual Share-Plus Long-Short Investment Option BlackRock Balanced Investment Option Premium China Investment Option |
3 September 2013 |
Change to the Asset allocation and Investment objective for Ibbotson investment options |
Members Invested in Ibbotson Funds |
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1 July 2013 |
Introduction of Expense Recoveries |
Expense recoveries have been added to the management cost to cover the operating expenses incurred in the day-to-day operations of the Investment Options (such as audit fees, regulatory costs and the cost of offer documents). |
All members were sent a letter outlining the changes applicable prior to the introduction of the expense recoveries. |
21 June 2013 |
Introduction of Standard Risk Measures |
Standard risk measures are a risk classification based on the estimated number of negative annual returns over any 20 year period. We have engaged a specialist investment consultant to classify each of the Investment Options on the WealthFocus Investment Menu. |
The risk band for each Investment Option has been made available from the product disclosure statements issue dated 21 June 2013. |
21 June 2013 |
Changes to Fund Names and Managers |
There have been a number of changes in fund names and managers made by the managers of the underlying funds offered on WealthFocus. |
Included as part of the new Product Disclosure Statements issue date 21 June 2013 investor statements and the website will reflect the new names. All clients were mailed a flyer outlining the changes |
21 June 2013 |
Insurance improvements |
A number of insurance features have been improved. These improvements will apply to all current WealthFocus policies. |
All members were mailed a flyer outlining the changes |
16 May 2013 |
Investment Option Closure |
Members invested in closing investment options Perpetual Property Securities and Perpetual Property Income were switched into a successor option. |
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10 May 2013 |
Investment Option Closure |
Members invested in the closing investment options, BlackRock Indexed Australian Listed Property and ING Managed Growth were switched into a successor option. |
Members impacted by the closure were notified by mail |
1 September 2012 |
Changes to management fees |
Members invested in the Perpetual Property Income investment option. |
From 1 September 2012 Perpetual will not be rebating the management charges attributable to the Property Fund’s investments in unlisted property trusts. Perpetual will rebate management fees associated with investments in underlying funds. Unlisted property trusts do not fall into this category. |
Deed of amendment dated 24 November 2022
Deed of amendment dated 29 September 2016
Deed of amendment dated 17 June 2015
Deed of amendment dated 27 November 2014
Deed of amendment dated 26 July 2011
Deed of amendment dated 18 June 2009
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This information and the terms of use are subject to change at any time without notice. The contents of this website are intended for residents and citizens of the United Kingdom, and the European Union, and should not be relied on by residents or citizens of other jurisdictions. All investment products and services referenced in this website are managed and offered by either JOHCM or its affiliates within the Perpetual Limited group of companies ("Perpetual Affiliates"). By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.