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Termination of Future Directions diversified options
As part of managing your investments, we regularly monitor the options and underlying managers and make appropriate changes.
The investment manager informed us that the underlying investment portfolios for the following investment options have been closed. As a result, the following investment options will be terminating on 27 October 2023 and will no longer be available for investment. If you are invested in the terminating options, we will automatically reinvest the funds into a replacement option with a similar risk/return profile.
To facilitate this, from 26 October 2023, we won't be able to process redemptions, switches, investment contributions, rollovers and drawdown requests on the terminating options. Once we have reinvested the funds into a replacement option, we will continue to process applications received after the 26 October 2023 on the replacement option. You will receive the latest unit price applicable on the day of processing.
If you have selected for your income payments to be deducted from any of these terminating options or future contributions to be invested into any of these terminating options, we will automatically change your preference to the replacement investment option.
Customers who hold products which have these investment options will be notified and the changes are specified below.
Terminating investment option | Replacement investment option | Products that hold this investment option |
Future Directions Balanced | Balanced Growth |
|
Future Directions Conservative | Conservative |
|
Future Directions Growth | High Growth |
|
Future Directions High Growth | All Growth |
|
Future Directions Moderately Conservative | Moderate Growth |
|
For a list of current investment options click here, select your product from the drop-down box available in the Superannuation, Retirement or Investments categories and select the Investment report.
Important information
Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), 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 product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.
