Product updates

Improving retirement and investment outcomes

Following a strategic review, we’re aligning and uplifting all capital guaranteed investment options offered by the National Mutual Retirement Fund and Resolution Life. These changes will help ensure the customer’s investment remains sustainable, returns are improved, and their balance grows.

In July 2025, for Personal Super Bond and Personal Investment Bond customers, we are closing the Guaranteed – Old investment option and moving the balance to the existing Guaranteed option which has the same risk and return profile. Then from 1 August 2025, we’re making changes to the Guaranteed option.

Our changes aim to generate higher crediting rates over time, while maintaining low volatility in the customer’s returns and ensuring that crediting rates will never be negative.

The immediate benefit to the customer’s account from these changes will be:
-    an increase in the crediting rate from 1 August 2025 for most products (no change for Retirement Security Plan)*, and
-    we’ll also deliver a one-off special bonus that will increase the capital guaranteed option balance by between 2-5% (varies by product).
* Please note, crediting rates may increase or decrease at any time without notice but will never be negative.
 

There will be changes to:

The investment option strategy – we’re consolidating investments across the Fund and Resolution Life so that we can increase allocations to ‘growth’ assets such as Equities and Property and to Private Credit assets within the Fixed Interest asset class. These asset classes have the potential to generate higher future investment returns. There are no changes to the capital guarantee provided.

You can view the details of the investment option strategy changes here.

Fees and deductions from the customer’s investment option – we’re changing the fees and deductions applied to the underlying investment returns of the investment option. These changes reduce the fixed percentage/management fees and increase the variable participating profit deductions. These changes better align customer’s interests and support our strategy to ensure we have a sustainable investment pool.

The Investment reports and Fees & costs documents will be updated with the changes from 1 August 2025. To view the current reports and documents, select the relevant product from the Superannuation and Investment categories at resolutionlife.com.au/performance.

Impacted Capital Guaranteed investment option customers will be notified of the changes.