Notification that annual statements are available online and that any ongoing disclosures will be communication online from 1 November 2016. Also includes changes to investment management costs and the strategic asset allocation of pre-mixed investment options.
Updated investment management costs, changes to strategic asset allocation and legislative changes
All MTAA Super RetireSafe members
Closure of MTAA Super RetireSafe
MetLife, the provider of the investment structure and guarantee that underpins MTAA Super RetireSafe, provided the Trustee with notice that it will no longer support MTAA Super RetireSafe. Regrettably, the Trustee is not able to offer MTAA Super RetireSafe without MetLife providing the investment structure and guarantee on which the product is based. The Trustee ensured members’ interests were protected by negotiating for MetLife to provide an appropriate financial package for each MTAA Super RetireSafe member. The closure of this product required each MTAA Super RetireSafe member to make alternative arrangements for their investment or be automatically transferred into a new MTAA Super Pension account, invested in the Conservative Option.