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Home News & Insights Significant Event Notice - May 2022

Significant Event Notice - May 2022

legalsuper 03 May 2022
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On 1 July 2022, we're making some important changes to your legalsuper account.

Since 1989, legalsuper has been committed to supporting Australia’s legal community. Our core focus is to optimise outcomes for our members and continue providing competitive fees, insurance and investment performance.

Important changes to strategic asset allocation and Direct Investment Option (DIO) fees

  • Strategic asset allocation changes:

From 1 July 2022 the strategic asset allocation will change in line with legalsuper's current portfolio strategy. 

Asset allocation is the combination of different asset categories or classes, such as Australian shares, overseas shares, fixed interest or cash, that makes up an investment strategy. The investment return and risk of an investment option are largely determined by its asset allocation. 

Details of these changes can be found in the downloadable SEN document below.

  • DIO fees changes:

From 1 July 2022 the brokerage rates charged to buy out sell shares will change. 

legalsuper’s DIO offers members more control over their investments. Members can choose how their super is invested by buying and selling investments on the DIO platform. UBS is the broker participant. This means they are the authorised ASX market participant acting for legalsuper to facilitate the execution and clearing of share transactions via the DIO platform.

Details of these changes can be found in the downloadable SEN document below.

Significant Event Notice (SEN) - issued 5 May 2022

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