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These significant event notices (SENs) provide important information about your super, pension and investment products.

March 2023

We previously advised that on 1 May 2023 the VicSuper name was being retired and that your account would be moved into the Aware Super Accumulation and Pension division in the Fund.

Please note that this will now occur on 11 May 2023.

For all the important updates, please go to the relevant Significant Event Notice:


Accumulation and Pension accounts

  • Key dates you need to know
  • VicSuper members are moving to the Aware Super division
  • The USI (Unique superannuation identifier) is changing
  • Changes to the website and app
  • Pension accounts only - The income payment reference on your bank statement will change

 

Guaranteed Income

  • Key dates you need to know
  • VicSuper members are moving to the Aware Super division
  • The income payment reference on your bank statement will change

September 2022

These SENs include:

Changes to super and pension from 30 September 2022

  • 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

For more information please go to this Significant Event Notice.

Changes to super from November 2022

  • Important insurance update
    • We're changing insurer
    • New insurance categories
    • New insurance product design
  • Introduction of the MySuper Lifecycle approach
  • Update to your investment options

Changes to pension accounts from November 2022

  • Changes to income payment dates
  • Update to your investment options
  • Changes to beneficiary nominations

For full information on VicSuper Flexible Income with the Transition to Retirement (TTR) feature changes, please go to this Important Information notice.

For full information on VicSuper Term Allocation Pension changes, please go to this Important Information notice.

For full information on VicSuper FutureSaver changes, please go to this Important Information notice.

August 2022

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.

For full information on VicSuper Flexible Income and VicSuper Term Allocation Pension changes, please go to this Important Information notice.

For full information on VicSuper Flexible Income with the Transition to Retirement (TTR) feature changes, please go to this Important Information notice.

February 2022

The minimum balances for VicSuper FutureSaver and Flexible Income accounts will be changing. The changes apply to members who are requesting a partial transfer or a partial withdrawal from their account. For VicSuper Flexible Income members, changes will also apply to initial investment amounts for new accounts.

For more information please go to this Significant Event Notice.

There are also some new changes which may affect your super and investments. For more information please go to this Important Information notice.

December 2021

We’ve closed the Guaranteed Income product to new accounts effective 1 October 2021. However, if you have an existing Guaranteed Income account, it will continue to operate as usual, and there’s no change to how you receive your income payments.

If you hold a Guaranteed Income for Life option or a Guaranteed Fixed Term Income option with no balance at maturity, please go to this Important Information notice.

If you hold a Guaranteed Fixed Term Income option with a balance at maturity, please go to this Important Information notice.

November 2021

This SEN includes:
Investment fees for the 2020-21 financial year:

  • Investment fees were different from the previous year for all investment options except Term Deposit, which continued to attract no fees. 
  • Strong investment performance resulted in an increase in performance-related costs for the year for some diversified options, resulting in a higher total investment fee. Overall, the management fees and costs, and the transaction costs, of the VicSuper options were lower than in the previous year.   

Changes to investment options following this year’s review of investment options:

  • We've made changes to the investment objectives and strategic asset allocations of some investment options, effective 30 September 2021.
  • We’ve also made a change to the  the VicSuper Socially Conscious option, and up to 5% of the private equity investments may not meet the screening criteria effective on or after 1 December 2021.

For full information, please go to the Important Information Notice.

July 2021

This SEN includes:

  • Changes to super from July 2021
  • Federal Budget 2021
  • Important insurance update
  • Update to your investment options

For full information, please go to the Important Information Notice.