Switching investment options
If you do not make an investment choice, your super will be invested in legalsuper’s default investment option, the Moderate option.
The Moderate option suits the personal situation (i.e. risk/return preferences) of most, but not necessarily all, legalsuper members.
This is why legalsuper offers additional investment options, so that members can tailor how their super is invested to best suit their personal situation. We recommend that you seek licensed investment advice before selecting your own investment options.
By way of example, a younger member (say, aged 30) may have up to another 30 years before they retire. This may mean they are more comfortable with riding out the more volatile returns of some assets (e.g. ‘growth’ assets such as shares or property) that historically have performed better over the longer term than other assets (e.g. ‘defensive’ assets such as cash and fixed interest).
On the other hand, if you are nearing retirement, you may prefer the lower volatility of return from ‘defensive’ assets such as cash and fixed assets, and wish to limit or avoid exposure to ‘growth’ assets such as shares and property. Ultimately, the choice is yours to make.
What type of investor are you?
If you are finding it difficult to make a decision regarding which investment, consider using the risk calculator. The risk calculator will help you explore your feelings about investing and provide some ideas to help you work out your investment style.
How can I make a choice?
You can make an investment choice on any working day, and there is no fee to do so. You can also choose to have your future contributions invested in a different option to that in which your existing balance is invested.
There are two ways to change your investment option:
1. visit our home page and select Member login (the purple icon). If you do not have a password, please contact us on 1800 060 312 or you can register online by following the prompts.
2. Complete and return the attached formand return it to
legalsuper GPO Box 4952
Melbourne VIC 3001
or DX145 Melbourne
When an investment switch will occur
In the event that you elect to switch investment choices, your investment switch will occur using the next available unit price.
All investment switches are managed using a weekly batch period, which is from Monday 12.01am to Sunday 11.59pm for online transactions, and Monday 12.01am to Friday 1.00pm for instructions received by post or fax. Instructions received by post or fax after 1 pm on Friday, will be treated as having been received on the next Monday, and will be processed in the following weeks batch period.
Member investment choice switches received in this period will be applied to member accounts on the following Thursday (or if that is not a trading day, the next trading day) using the next unit price. Unit prices are updated each Wednesday (or if that is not a trading day, the next trading day).
Purchase/disposal of shares held within the legalsuper ASX200 investment option.
Orders to purchase or dispose of ASX/200 shares held within the legalsuper ASX200 investment option are processed on the first working day of any given week. Instructions must be submitted to legalsuper prior to this working day. In particular, written instructions must be received by legalsuper by post by 1pm of the preceding Friday, and online transactions must be processed by 11.59pm of the preceding Sunday.
ASX/200 – weekly batch period
ASX/ 200 transactions are managed using a weekly batch period, which is from Monday 12.01am to Sunday 11.59pm for online transactions, and Monday 12.01am to Friday 1.00pm for instructions received by post or fax. Instructions received by post or fax after 1 pm on Friday, will be treated as having been received on the next Monday, and will be processed in the following weeks batch period.
ASX/200 transactions received within a batch period will be:
- Traded on the Australian Stock Exchange (ASX) on the Monday (or if that is not a trading day, the next trading day) directly following the weekly batch period.
- Applied to member accounts on the following Thursday (or if that is not a trading day, the next trading day).
Where the ASX/200 transaction involves a switch to/from other investment options, the switch will be applied using the next unit price. Unit prices are updated each Wednesday (or if that is not a trading day, the next trading day).
Need more help understanding this information?
Please call our customer service line on 1800 060 312 for further assistance or make an appointment to see one of our Client Service Managers.
