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The investment manager informed us that the underlying investment portfolios for the following investment options were to be closed. As a result, the following investment options were terminated on 27 October 2023 and are no longer available for investment. If your customers were invested in the terminated options, we've automatically reinvested the funds into a replacement option with a similar risk/return profile.
If your customer had selected for their income payments to be deducted from any of these terminated options or future contributions to be invested into any of these terminated options, we've automatically changed the preference to the replacement investment option.
Customers who hold products which have these investment options will be notified and the changes are specified below.
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Terminated investment option |
Replacement investment option |
Products that hold this investment option |
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Future Directions Balanced |
Balanced Growth |
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Future Directions Conservative |
Conservative |
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Future Directions Growth |
High Growth |
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Future Directions High Growth |
All Growth |
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Future Directions Moderately Conservative |
Moderate Growth |
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Please refer to the current Investment Report for more information on the objective and strategy.
Important information
Any advice and information on this website is general in nature and is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), which is part of the Resolution Life Group. Resolution Life can be contacted on 133 731 or via the contact us page. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters as well as the relevant product disclosure statement (PDS) or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision about the product. Consider speaking to a financial adviser if you have any concerns.
If you decide to purchase or vary a financial product, Resolution Life and/or other companies within the Resolution Life Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments. You can ask us for more details.
