Changing your investment
Tailor how your super is invested to suit your personal situation. Making an investment switch is easy, but there's a lot to consider before making a choice.
Changing your investment
For Employer Sponsored members who do not make an investment choice, their super will be invested in legalsuper’s default investment option, the MySuper balanced option. MySuper balanced is only available to Employer-sponsored members.
Pension members must make an investment choice for their contribution. Where a selection is not made for 100% of their initial contribution, the contribution will be returned. Pension members can also direct the investment option from where their pension payments are paid. If no direction is made, pension payments are made in proportion to the existing balance(s) investment option(s).
Personal and Spouse members must make an investment selection for all of their account. Where a selection is not made by a new Personal Member for 100% of their initial contribution, the contribution will be returned. Please refer to the Personal Super Additional Information document for further detail.
Whatever your membership type, your investment needs and attitude towards investment risk will change over time.
legalsuper offers different investment options, so that members can tailor how their super is invested to best suit their personal situation. We recommend that you seek 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).
If you are receiving a pension in retirement, you may prefer the lower volatility return of ‘defensive’ assets such as cash and fixed assets, and wish to limit or avoid exposure to ‘growth’ assets such as shares and property.
What sort of investor are you?
If you are finding it difficult to choose an investment option, consider using the retirement income forecaster calculator to work out your investment mix and how your investment mix could impact on your retirement income.
How can I make a choice?
You can make an investment choice on any working day, and there is no fee to do so.
Employer-sponsored and Personal and Spouse members can also choose to have their future contributions invested in a different option to that in which their existing balance is invested.
Pension members have the option of choosing to invest their account in a number of choice investments and also to choose to have their pension paid from a specified investment option(s).
There are two ways to change your investment option:
- Login to MemberAccess. If you've forgotten you password you can reset it online or by contacting us on 1800 060 312. If you haven't previously registered for MemberAccess you can register here; or
- Complete the investment section in the relevant change of details form (below) and post it to us.
When an investment switch will occur
All investment switches are actioned 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).
Your investment switch will occur using the next available unit price.
Please note a Buy/Sell spread may occur following an investment switch.***link*
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.