Future Saver PDS - Employer Sponsored and Personal
Future Saver PDS - Ambulance Officers
Future Saver PDS - NSW Police Officers
Aware Super Retirement Income Product Disclosure Statement
Aware Investment Funds Product Disclosure Statement
Closed Products
Aware Super Defined Benefit - Telstra Plan Member Guide
Term Allocated Pension Product Disclosure Statement
PDS Updates
Our Product Disclosure Statements are subject to change and may be updated from time to time. Where changes are not materially adverse, you can find the updated information below.
No updates to current PDS information.
Updates to current information
PRODUCT DISCLOSURE STATEMENT (PDS) REFERENCE:
PDS Aware Super Retirement Income dated 30 September 2025 (Page 5)
Changes to Retirement bonus
On page 5:
- Under the heading “Are you eligible for the Retirement Bonus?” replace the sentence “have held a Future Saver account, Retirement Transition account, or both, for at least 12 months each.” with “have held a Future Saver account, Retirement Transition account, or both, for at least 6 months each.”
- Under the heading “How much you’ll receive” replace the sentence “It is calculated over the 12 months prior to your Retirement Income account being opened1” in the second bullet point with “It is calculated over the 6 months prior to your Retirement Income account being opened1”
- Under the heading “How much you’ll receive”, replace the sentence “You can receive the Retirement Bonus for more than one Retirement Income account, but the total bonus is limited to $13,000 for each member.” with “You can receive the Retirement Bonus for more than one Retirement Income account, but the total bonus is limited to $14,000 for each member.”
- In the worked example under the heading “How it is calculated” replace the following:
- “The eligible average daily balance of her Future Saver account over the 12 months prior to opening her Retirement Income account was $350,000.
- The current Retirement Bonus rate is 0.65%
- Michelle’s Retirement Bonus2 is $2,275 – based on ‘Retirement Bonus rate x Eligible average daily balance’ i.e. 0.65% x ($350,000 x 100%) = $2,275”
With
- “The eligible average daily balance of her Future Saver account over the 6 months prior to opening her Retirement Income account was $350,000.”
- The current Retirement Bonus rate is 0.70%
- Michelle’s Retirement Bonus2 is $2,450 – based on ‘Retirement Bonus rate x Eligible average daily balance’ i.e. 0.70% x ($350,000 x 100%) = $2,450
- In footnotes 1 and 2 replace all references to "12 months" with "6 months".
PRODUCT DISCLOSURE STATEMENT (PDS) REFERENCE:
PDS Aware Super Retirement Income dated 30 September 2025
Pages 42 to 44, and 49
Changes to Administration fees
On page 42 under the heading “Fees and costs summary”, the “Administration fees and costs” row in the table is replaced with the below. This reflects a reduction in the percentage-based administration fee from 0.17% to 0.16% on 1 May 2026.
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 plus
Administration fee of 0.16% per year ($80 per $50,000), capped at $1,300 per year
Costs paid from reserves of 0.01% for the 2024/25 financial 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.
Administration costs paid from reserves that are not otherwise charged as administration fees. These costs are not directly charged to your account but have reduced the administration reserve balance held by the fund to cover future administration and operating costs. |
Note: There are no changes to the footnote references.
On page 43 under the heading “Example of annual fees and costs for a superannuation product", the two examples are replaced with the below updated examples:
EXAMPLE – Balanced investment option (Retirement Transition) |
Balance of $50,000 |
|
|---|---|---|
Administration fees and costs |
$52 a year + 0.16% of your account balance + 0.01% a year in costs paid from reserves |
For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $80 in administration fees and costs, plus $52 regardless of your balance.
Also $5 will be paid from fund reserves (not from your account).1 |
PLUS Investment fees and costs |
0.51% |
And, you will be charged or have deducted from your investment $255 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 product2 |
|
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $422 for the superannuation product. |
EXAMPLE – Balanced investment option (Retirement Income) |
Balance of $50,000 |
|
|---|---|---|
Administration fees and costs |
$52 a year + 0.16% of your account balance + 0.01% a year in costs paid from reserves |
For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $80 in administration fees and costs, plus $52 regardless of your balance.
Also $5 will be paid from fund reserves (not from your account).1 |
PLUS Investment fees and costs |
0.47% |
And, you will be charged or have deducted from your investment $235 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 product2 |
|
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $402 for the superannuation product. |
Note: There are no changes to the footnote references.
These examples of annual fees and costs for superannuation product are illustrative only. Additional fees may apply.
1 For more information see ‘Administration fees and costs’ from page 46.
2 Assumes a constant account balance of $50,000 throughout the year.
On page 44 under the heading "Cost of product for 1 year", the figures in the table are replaced with the below updated figures:
Investment option |
Cost of product Retirement Transition Retirement Income |
|
|---|---|---|
High Growth |
$457 |
$427 |
Balanced |
$422 |
$402 |
Conservative Balanced |
$402 |
$412 |
Conservative |
$352 |
$357 |
Defensive |
$272 |
$272 |
| Socially Conscious diversified options |
|
|
High Growth Socially Conscious |
$357 |
N/A1 |
Balanced Socially Conscious |
$342 |
N/A1 |
Conservative Balanced Socially Conscious |
N/A2 |
$322 |
Conservative Socially Conscious |
N/A2 |
$282 |
| Indexed diversified options |
|
|
High Growth Indexed |
$167 |
N/A1 |
Balanced Indexed |
$167 |
N/A1 |
Conservative Balanced Indexed |
N/A2 |
$167 |
Conservative Indexed |
N/A2 |
$162 |
| Single asset class options |
|
|
Australian Shares |
$167 |
$167 |
International Shares |
$167 |
$167 |
Property |
$247 |
$247 |
Bonds |
$167 |
$167 |
Cash |
$157 |
$157 |
Term Deposit |
$137 |
$137 |
Note: There are no changes to the footnote references.
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 under the heading “Defined fees”, the “Administration fees and costs” row is replaced with the below:
Type of fee or cost |
Definition |
How it applies to your 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 (b) are not otherwise charged as investment fees and costs, a buy-sell spread, a switching fee, an activity fee, an advice fee or an insurance fee. |
Administration fees and costs includes: (a) an account-keeping fee of $52 per year plus (b) an administration fee of 0.16% per year. plus (c) costs paid from reserves at 0.01% for the 2024-25 financial year. The administration fee component (0.16% per year) is capped at $1,300 per year. |
Updates to current information
PRODUCT DISCLOSURE STATEMENT (PDS) REFERENCE:
Aware Investment Funds Class A and Class B PDS dated 30 September 2025
Change to carbon-constrained benchmarks wording
On page 18 under the heading “Carbon-constrained benchmarks”, replace the following sentence:
“We use carbon-constrained benchmarks for our Australian and international share portfolios that are passively managed i.e. invested in accordance with an index.”
With the updated sentence below:
“We may use carbon-constrained benchmarks for our Australian and international share portfolios that are passively managed i.e. invested in accordance with an index.”
Super Handbook
Investment and Fees Handbook
Insurance Handbook Employer Sponsored and Personal
Insurance Handbook - Ambulance Officers
Insurance Handbook - NSW Police Officers
Insurance Handbook Xylem Water Solutions
Insurance Handbook - Telstra Group and Associated Employers
Insurance Handbook - Heritage TelstraSuper Personal Plus
Financial Services Guide
Aware Financial Services Australia Limited Financial Services Guide
Website Disclosure Information - Before using any of our financial services, it's important to understand what they involve. Our Financial Services Guide contains important information, which you should read to assist in deciding whether to use our financial services.
Target Market Determination - Aware Super Future Saver Empoloyer Sponsored and Personal
Target Market Determination - Aware Super Future Saver Ambulance Officers
Target Market Determination - Aware Super Future Saver NSW Police Officers
Target Market Determination - Aware Super Retirement Income and TTR
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.