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Fee Reductions for Super & Investments (S&I) Products

During 2022, Resolution Life reduced the fees we charge for several Super, Retirement and Investment products following a review and simplification of fee structures and investment offerings.  We have recently finalised a further series of fee reductions for the S&I products that are set out in these tables. Impacted National Mutual Retirement Fund (NMRF) members and Resolution Life policyholders will benefit from these fee reductions, which were all implemented by the end of June 2023.  Note that only the products and investment options listed have been impacted.

The latest fees and costs information for S&I products is available on the relevant product pages found under the Super, Retirement, and Investment pages.

Changes to some investment options

We've made updates to some of our investment options.

The changes are effective from 1 July 2023.

Diversified portfolio changes

We've simplified our investment options menu which may reduce the ongoing costs of managing your portfolio, by rationalising our strategic asset allocations to promote greater efficiencies and investment outcomes over time.

The investment strategy, objective, strategic asset allocation and standard risk measure band for some investment options have changed. You can view details of the changes here.

Single sector changes

We've changed the way we manage your investment options, moving them from passive to moderately active investment management. While the investment will still be largely tied to matching the returns of a particular index, this change will allow us to become more hands on and make some additional investment movements from time to time.  

As a result of this change, we have updated the name for the following investment options:

Current name

Updated name

Australian Share Index

Australian Share 5

International Share Index

International Share 3

Wholesale Global Equity Index Fund

Wholesale Global Equity Fund

Wholesale Global Equity Index Fund Mature

Wholesale Global Equity Fund Mature

 

In addition, we have updated the objective and strategy for the following investment options:

  • Australian Equities
  • Australian Share
  • Australian Share 2
  • Australian Share 3
  • Australian Share 4
  • Australian Share Index
  • Hedged International Share
  • International Equities
  • International Share
  • International Share 2
  • International Share Index
  • Specialist Australian Share 
  • Specialist International Share
  • Wholesale Global Equity Index Fund

As part of managing your investments, we regularly monitor the options and underlying managers and make appropriate changes. We were advised that the underlying investment portfolios for your investment option were to be closed. We’ve automatically reinvested the funds into a similar investment with a similar risk/return profile.

We have updated the name, objective and strategy for the following investment options:

Current name

Updated name

Multi-manager Australian Equities

Australian Equities 2

Multi-manager Australian Equities Mature

Australian Equities 2 Mature

Multi-manager International Equities

Specialist International Share

Multi-manager International Equities Mature

Specialist International Share Mature

 

Please refer to the current Investment Report for the updated objective and strategy.

For a list of all available investment options click here and select an investment type and product name from the drop-down box, then click on the Investment report.

Customers who hold products in these investment options have been notified of the changes.

 

 

What you need to know

Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product. 

The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.

Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.