March 2023
In order to support you even more so you can achieve your retirement goals, your Aware account is being streamlined and simplified. These significant event notices provide important updates for all Aware Super members.
For all the important updates, please go to the relevant Significant Event Notice.
We previously advised that the changes in these Significant Event Notices would take place on 1 May 2023. These changes will now take place on 11 May 2023 apart from the changes in the Changes to Insurance section which will still take place on 1 May 2023.
Looking for a VicSuper Significant Event Notice? Find them here.
Accumulation
February 2023
These significant event notices provide important updates for members who are employees of Shelford Girls' Grammar, St Catherine's School and Westbourne Grammar School, and their employer contributes to a Defined Benefit Scheme on their behalf. The effective date of closure for each plan has been communicated to members directly.
For all the important updates, please go to the relevant Significant Event Notice:
January 2023
These significant event notices provide important updates for members who are employees of Kingswood College, Ruyton Girls' School and Lowther Hall Anglican Grammar School, and their employer contributes to a Defined Benefit Scheme on their behalf. The effective date of closure for each plan has been communicated to members directly.
For all the important updates, please go to the relevant Significant Event Notice:
December 2022
These significant event notices provide important updates for members who are employees of Korowa Anglican Girls' School, Mentone Girls' Grammar School, Methodist Ladies' College, Presbyterian Ladies' College, St Margaret's School, Tintern Grammar, and their employer contributes to a Defined Benefit Scheme on their behalf. The effective date of closure for each plan has been communicated to members directly.
For all the important updates, please go to the relevant Significant Event Notice:
- Korowa Anglican Girls' School Significant Event Notice
- Mentone Girls' Grammar School Significant Event Notice
- Methodist Ladies' College Significant Event Notice
- Presbyterian Ladies' College Significant Event Notice
- St Margaret's School Significant Event Notice
- Tintern Grammar Significant Event Notice
November 2022
This significant event notice provides important updates for members who have ‘Police category’ (Part 1 of Police Blue Ribbon Super) insurance in their Aware Super Accumulation account. Changes are being made to Total and Permanent Disablement Insurance and the cost of Death only insurance. It’s important sworn NSW Police Officers read this important notice to understand these changes and how they impact your account.
October 2022
This significant event notice provides important updates for members who are employees of St Leonard’s College; and their employer contributes to a Defined Benefit Scheme on their behalf. The effective date of closure for each plan has been communicated to members directly.
For all the important updates, please go to the full Significant Event Notice.
September 2022
These significant event notices provide important information about your super, pension and investment products.
Find out about:
- Changes to fees and costs
- Your investment fees for the 12 months to 30 June 2022
- Changes to the return objectives, asset allocation and standard risk measures for the investment options
If you’re invested in Accumulation, Retirement Income Stream or Transition to Retirement Income Stream, please go to this Important Information notice.
If you’re invested in Tailored Super Plan, Personal Retirement Plan, Transition to Retirement Pension, Flexible Income Plan, Allocated Pension, Term Allocated Pension or Investment Funds – Class A and B, please go to this Important Information notice.
August 2022
These significant event notices provide important updates about your pension.
We’re updating the way our fees and costs are disclosed to you in line with new guidelines introduced by the Australian Securities and Investment Commission (ASIC). The new Regulatory Guide 97 (RG97) prescribes the ongoing categories for fees and costs and what should be included in them. To align with this new regulation, we need to re-categorise some of our fees and costs from 30 September 2022.
If you're invested in the Retirement Income Stream, please read this Important Information notice.
If you're invested in the Transition to Retirement Income Stream, please read this Important Information notice.
If you're invested in the Flexible Income Plan, Allocated Pension or Term Allocated Pension, please read this Important Information notice.
If you're invested in the Transition to Retirement Pension, please read this Important Information notice.
April 2022
These significant event notices provide important updates about your super and pension.
We’re updating the investment options available in the Tailored Super Plan, Personal Retirement Plan, Transition to Retirement Pension, Flexible Income Plan, Allocated Pension and Term Allocated Pension. Effective 2 June 2022, we're switching the investment options currently available to you to investment options that are also available in other Aware Super products. This is part of a gradual process of aligning the investments, products and systems across all of Aware Super over the next 18 months.
If you're invested in the Tailored Super Plan or Personal Retirement Plan, please go to this Important Information notice.
If you're invested in the Transition to Retirement Pension, please go to this Important Information notice.
If you're invested in the Flexible Income Plan, Allocated Pension or Term Allocated Pension, please go to this Important Information notice.
March 2022
This significant event notice provides important updates for members who have ‘Police’ category insurance.
Changes to the cost of your Police category insurance from 1 May 2022.
February 2022
These significant event notices provide important updates about your super and pension.
We have made a change to the investment screening limit for the private equity asset class in the Aware Super Diversified SRI options.
On 1 April 2022, new laws come into effect to improve visibility of super assets in family law proceedings.
For more information please go to this Important Information notice.
September 2021
These significant event notices provide important information about your super, pension and investment products.
Find out about:
- Your investment fees for the 12 months to 30 June 2021
- Changes to the return objectives and asset allocation for the investment options
- How the changes affect the Aware Super MySuper Lifecycle stages.
If you’re invested in Accumulation, Retirement Income Stream or Transition to Retirement Income Stream, please go to this Important Information notice.
If you’re invested in Tailored Super Plan, Personal Retirement Plan, Transition to Retirement Pension, Flexible Income Plan, Allocated Pension, Term Allocated Pension or Investment Funds – Class A and B, please go to this Important Information notice.
February 2021
This significant event notice details important information about your super, including:
- Changes to our default investment option, MySuper Lifecycle
- Changes to other investment options, and
- Important insurance changes.
For all the important updates, please go to the full Significant Event Notice.
September 2020
The SuperNews - September 2020 edition details important information about your super, such as:
- Implications of our name change to Aware Super
- Changes to the work test, spouse contribution and early access to super
- Important product and investments updates
- Changes to our Socially Responsible Investment options
For all the important updates, please go to the full Significant Event Notice.
May 2020
Fact sheet: Minimum pension drawdown changes
February 2020
Important updates affecting your super.
Insurance changes from 1 April 2020
Changes to the fees we charge for income stream accounts
Changes to the way we invest and manage some investment options
December 2019
Important updates affecting Police Blue Ribbon insurance and automatic insurance for NSW Police officers.
October 2019
SuperNews - Spring 2019 edition
The SuperNews – October 2019 edition details the following important information:
- Protecting Your Super legislation, designed to protect members from paying unnecessary fees and insurance premiums
- Changes to our investment fees and costs
- Changes to the co-contribution thresholds
July 2019
Protecting your super
The Australian Government has introduced new laws known as the ‘Protecting Your Super’ package, which may affect the insurance and fees on your First State Super account. The new rules, which come into effect 1 July 2019, are designed to protect members from paying unnecessary fees and insurance premiums. The laws introduce three key changes to super:
- Insurance cover will be cancelled on inactive accounts unless you elect to opt in to keep your cover
- Inactive low-balance accounts will be transferred to the Australian Taxation Office (ATO)
- There will be a cap on fees for accounts with balances below $6000.
What’s an inactive account?
Your account is inactive if it has not received any money (contributions or rollovers) for 16 months or more.
What’s an inactive low-balance account?
Your account is an inactive low-balance account if it has not received any money (contributions or rollovers) for 16 months or more, it has a balance less than $6,000 and you have not met a condition of release. If you have made some other changes to your account over this period, then your account will be considered active and won’t be transferred. Find out more
Find out how to keep your insurance or stop your account being transferred to the ATO.
March 2019
SuperNews – Autumn 2019 edition
The SuperNews - Autumn 2019 edition details the following important information about changes to:
- fees for accumulation and income stream members from 1 October 2018
- the work test from 1 July 2019.
September 2018
SuperNews - September 2018 edition
The SuperNews – September 2018 edition details the following important information about changes to:
- concessional contributions for those with balances under $500,000
- application for early release of super under compassionate grounds
- co-contribution income threshold increase
- Federal Budget 2018
- complaints authority for super
- investment options update
October 2017
SuperNews - October 2017 edition
The SuperNews – October 2017 edition details the following important information about changes to:
- investment asset allocations, frequency of negative returns and risk ratings
- how we disclose the fees and costs of your investments
- cut-off time for investment switch requests; and
- new transfer balance cap for retirement income stream members.
June 2017
Changes to the Diversified Socially Responsible Investment (SRI) option
This notice explains important changes to the Diversified Socially Responsible Investment (SRI) option in relation to our positive and negative screens, and guidelines for our ‘strategic asset allocation’. You don’t have to do anything – this notice is for your information only.
March 2017
SuperNews – March 2017 edition (Accumulation and Income Stream members)
The SuperNews – March 2017 edition details the following important information about changes to:
- tax treatment of investment earnings in a transition to retirement income stream;
- rules around tax deductions for personal contributions; and
- various superannuation rates and thresholds.
October 2016
SuperNews - October 2016 edition (accumulation members)
SuperNews - October 2016 edition (income stream members)
The SuperNews – October 2016 edition details the following important information about changes to:
- Investment fees, objectives and MySuper return targets;
- standard risk measures;
- increase to the co-contribution income thresholds; and
- a new lifetime cap of $500,000 for after-tax contributions.
August 2016
Changes to Police Blue Ribbon Insurance Cover
Members of the NSW Police Force receive death, terminal illness, total and permanent disablement and income protection insurance cover under Police Blue Ribbon Insurance. This notice explains changes which were made to Police Blue Ribbon income protection insurance cover on 1 October 2015. If you have claimed a Police Blue Ribbon income protection benefit after a waiting period which began 1 October 2015 or later, the important changes explained in this notice apply to your benefit.
July 2016
Changes to Ambulance Officers’ insurance cover
Ambulance Officers’ Insurance cover is provided to eligible officers of the Ambulance Service of New South Wales (NSW Ambulance). This notice explains changes which apply to this important cover from 20 August 2016. If you are not an eligible officer, this Notice does not apply to you. Ambulance Officers’ Insurance Cover is supplementary to other insurance cover which you may have through First State Super. If you have other insurance cover through First State Super, this Notice does not apply to your other First State Super insurance cover.
February 2016
SuperNews – February 2016 edition (accumulation members)
SuperNews – February 2016 edition (income stream members)
The SuperNews – February 2016 edition details the following important information about changes to:
- investment fees and objectives;
- unit pricing model; and
- increase in threshold for accounts to be sent to the ATO.
September 2015
SuperNews - September 2015 edition (accumulation members)
SuperNews - September 2015 edition (income stream members)
The SuperNews – September 2015 edition details the following important information about changes to:
- fees, investment objectives and asset allocation;
- standard risk measures; and
- tightening of the age pension assets test.
November 2014
Changes to insurance arrangements for public sector executives (Ex-PSSES) insurance plan
This notice provides information regarding the review of the public sector executives (Ex-PSSES) insurance plan conducted by AMP, the Ex-PSSES plan insurer. Recommendation from the review have resulted in changes to premiums that take effect from 1 January 2015.
September 2014
SuperNews - September 2014 edition (accumulation members)
SuperNews - September 2014 edition (income stream members)
The SuperNews – September 2014 edition details the following important information about changes to:
- insurance category;
- strategic asset allocation;
- estimated investment fees;
- standard risk measures; and
- changes to child accounts.
