Future Saver PDS - Employer Sponsored and Personal
Future Saver PDS - Ambulance Officers
Future Saver PDS - NSW Police Officers
Aware Super Retirement Income
Aware Investment Funds
PDS Updates
Information in our Product Disclosure Statements, which are not materially adverse, are subject to change and may be updated from time to time. You can find the updates to current information below.
No updates to current PDS information.
Update to current information
Product Disclosure Statement (PDS) reference:
PDS Aware Super Retirement Income dated 1 October 2024
Pages 42 to 44, and 49
Changes to Administration fees from 1 June 2025
From 1 June 2025, the ‘Administration fee’ for the Aware Super Retirement Income product, including Retirement Transition, will be reduced from 0.23% to 0.17% per year, capped at $1,300 per year. There is no change to the ‘Account-keeping fee’ of $52 per year. With the reduction of the ‘Administration fee’, the tables below and examples disclosed in the Product Disclosure Statement are changed as follows:
On page 42, the ‘Administration fees and costs’ row in the table ‘Fees and costs summary’, is changed as follows: Note: There are no changes to the footnote references.
Aware Super Retirement Income and Retirement Transition
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| Type of fee or cost | Amount | How and when paid |
|---|---|---|
| Ongoing annual fees and costs1,2 | ||
| Administration fees and costs | Account-keeping fee of $52 per year3 Administration fee of 0.17% per year ($85 per $50,000), capped at $1,300 per year |
We calculate the account-keeping fee daily and deduct it from your account at the end of each month, or when you leave the fund. We calculate the administration fee monthly based on your account balance at the end of the month and deduct it from your account at the end of each month, or when you leave the fund. |
1 If your account balance for a product offered by the superannuation entity is less than $6,000 at the end of the entity’s income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 Investment fees and costs and transaction costs are inclusive of GST and net of any reduced input tax credits (RITCs) at the prescribed rate. Administration fees and costs are not subject to GST.
3 Due to rounding of the monthly fee amounts the total account keeping fee will be $52.01 in some years.
On page 43, the examples of annual fees and costs tables for a superannuation product are changed as follows:
Note: There are no changes to the footnote references.
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| EXAMPLE: Balanced Investment option - Retirement Transition |
Balance of $50,000 | |
|---|---|---|
| Administration fees and costs | $52 + 0.17% | For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $85 in administration fees and costs, plus $52 regardless of your balance |
| PLUS Investment fees and costs |
0.53% | And, you will be charged or have deducted from your investment $265 in investment fees and costs |
| PLUS Transaction costs |
0.06% | And, you will be charged or have deducted from your investment $30 in transaction costs |
| EQUALS Cost of product1 |
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $432 for the superannuation product. | |
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| EXAMPLE – Balanced investment option – Retirement Income | Balance of $50,000 | |
|---|---|---|
| Administration fees and costs | $52 + 0.17% | For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $85 in administration fees and costs, plus $52 regardless of your balance |
| PLUS Investment fees and costs |
0.48% | And, you will be charged or have deducted from your investment $240 in investment fees and costs |
| PLUS Transaction costs |
0.07% | And, you will be charged or have deducted from your investment $35 in transaction costs |
| EQUALS Cost of product1 |
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $412 for the superannuation product. | |
Note: Additional fees may apply.
1 Assumes a constant account balance of $50,000 throughout the year.
The example of annual fees and costs for a superannuation product is illustrative only.
On page 44, the cost of product figures are changed as follows:
Note: There are no changes to the footnote references.
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| Cost of product | ||
|---|---|---|
| Investment option | Retirement Transition | Retirement Income |
High Growth |
$467 |
$432 |
Balanced |
$432 |
$412 |
Conservative Balanced |
$407 |
$407 |
Conservative |
$347 |
$347 |
Defensive |
$272 |
$272 |
High Growth Socially Conscious |
$342 |
N/A1 |
Balanced Socially Conscious |
$332 |
N/A1 |
Conservative Balanced Socially Conscious |
N/A2 |
$312 |
Conservative Socially Conscious |
N/A2 |
$272 |
High Growth Indexed |
$167 |
N/A1 |
Balanced Indexed |
$167 |
N/A1 |
Conservative Balanced Indexed |
N/A2 |
$167 |
Conservative Indexed |
N/A2 |
$162 |
Australian Shares |
$167 |
$167 |
International Shares |
$167 |
$167 |
Property |
$262 |
$262 |
Bonds |
$177 |
$177 |
Cash |
$157 |
$157 |
Term Deposit |
$137 |
$137 |
1 The High Growth Socially Conscious, Balanced Socially Conscious, High Growth Indexed and Balanced Indexed options are not available to Retirement Income members.
2 The Conservative Balanced Socially Conscious, Conservative Socially Conscious, Conservative Balanced Indexed, and Conservative Indexed options are not available to Retirement Transition members.
On page 49, the definition of ‘Administration fees and costs’ is changed as follows:
| Type of fee or cost | Definition | How it applies to your Aware Retirement Transition or Retirement Income account |
|---|---|---|
| Administration fees and costs | Administration fees and costs are fees that relate to the administration or operation of the superannuation entity and includes costs incurred by the trustee of the entity that: (a) relate to the administration or operation of the entity; and |
Administration fees and costs includes: The administration fee component (0.17% per year) is capped at $1,300 per year |
No updates to current PDS information.
Super Handbook
Investment and Fees Handbook
Insurance Handbook Employer Sponsored and Personal
Insurance Handbook - Ambulance Officers
Insurance Handbook - NSW Police Officers
General Advice Financial Services Guide
Aware Financial Services Australia Limited Financial Services Guide
Future Saver Employer Sponsored and Personal
Future Saver Ambulance Officers
Future Saver NSW Police Officers
Target Market Determination - Aware Super Retirement Income
Target Market Determination - Aware Investment Funds
DDO requires issuers and distributors of financial products to have a customer-centric approach to the design and distribution of their products, with the aim of helping customers to obtain financial products that are appropriate for their objectives, financial situation and needs. It is applicable to all our products that require a Product Disclosure Statement excluding MySuper and closed products.
A Target Market Determination is a document which describes a group of retail clients (the target market) for whom a product is likely to be appropriate or consistent with their likely objectives, financial situation and needs. It provides any conditions and restrictions on how the product can be distributed to customers.
It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.
We’re required to have Target Market Determinations as a result of changes that have been made to the Corporations Act 2001.
This is to make sure we’re keeping customers at the centre of our approach to the design and distribution of our financial products.
For Aware Super Group Product Distributors Only:
As per ASIC Corporations (Design and Distribution Obligations Interim Measures) Instrument 2021/784, you no longer need to report if nil complaints are received. We will be incorporating these changes to our TMDs in the next TMD review cycle.
Target Market Determinations are regularly reviewed.