Aon Master Trust Adviser Directions | May 2009 |
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Q2 marketing campaign: Contributing to super Still time for the insurance transfer special offer New Product Disclosure Statements |
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Product and service enhancements Q2 marketing campaign: Contributing to super With the Federal Budget announcing reductions in the co-contribution and before-tax contribution cap next year, our timing with this campaign couldn't be better. Later this week, around 8,000 members will receive a targeted mailer on either co-contributions or upgrading their retirement by contributing more to their super now. You will have received an email from us identifying any clients of yours who are included in the mailout. For wider reach, Directions for members features the co-contribution campaign and appeals to members' sense of urgency with "Don't' miss the 08/09 contributions boat". They're also on the website. Still time for the insurance transfer special offer The special offer runs to the end of June so existing members who wish to transfer insurance cover from another super fund or retail policy need to submit their form so it reaches us by 15 June. Housekeeping New Product Disclosure Statements 1 July 2009 PDSs for Aon Master Trust Personal Super, Corporate Super and Pension are due to be available in the first week of July. We ask that you destroy any current copies as soon as the new issues are available. Aon will accept applications from the current Personal Super and Pension PDSs, provided they are signed and dated on or before 30 June 2009 and received by us by 7 July 2009. Just a reminder that our postal address is now: The trustee has approved an increase of $3.50 per annum in the standard membership fee (from the current $63 pa to $66.50 pa) in line with increases in Average Weekly Ordinary Time Earnings. This increase will apply from 1 July 2009. Details of all fees will be set out in the 1 July 2009 Product Disclosure Statements. Directions for members, which is being mailed out later this week, notifies members of this increase. Where employers have a current non-standard agreement, the 1 July 2009 increase will not apply. We will be in touch with them in due course regarding the application and timing of the member fee increase for their employees, and will notify their employees separately and in advance of any changes. We will notify you about any clients of yours who are included in this mailout. Please note that transaction processing will be suspended between 26 June and 14 July 2009. This will allow us to test, check and audit final unit prices - an essential step in determining members' super account balances for 30 June 2009 benefit statements. The freeze applies to all transaction requests, including contributions (see below), rollovers, investment switches, benefit quotations* and payments and online services. Generally, transaction requests received on or after 26 June will be processed once the freeze is lifted - processing will be done in order of date received and as quickly as possible. * During this period, we will be able to provide an approximate benefit quotation as at 29 June 2009 only (please call us on 1300 880 588 or email us to request a quotation). Contributions We recognise that end of June is a critical time for contributions (eg for co-contributions and tax deductions) so, if you have last minute contributions coming in, please let your Distribution Manager** know as soon as possible so we can escalate processing. Note that contribution cheques should be made payable to the Aon Master Trust and have the required documentation attached. ** Northern/Western region Southern region Central region Benefit statements and contributions/rollovers For contributions and rollovers to be reflected on the 30 June 2009 statements, they must reach us together with the required documentation before 26 June. If they reach us on or after 26 June, they will be held in our bank account during the freeze and used to purchase units on the day we process them. We regret any inconvenience that this freeze may cause and thank you for your co-operation during this busy period. Please call us on 1300 880 588 if you have any queries. On the website You can request PDSs online or by calling us on 1300 880 588. Investment performance - quarter ended 31 March 2009 Was March the start of a recovery? In March, Australian shares shot up 8.1% and international shares 6.1% in Australian dollar hedged terms. Given the level of volatility and economic uncertainty, the March rally in shares is unlikely to be long lived. The March surge was isolated to shares and did not spread to the credit sector of the fixed interest market. This is another fact pointing to the temporary nature of the upturn, as investor sentiment and risk appetite were not consistent across asset classes. Historically, the confidence of CEOs in the US has been an approximate predictor of medium-term market performance. The CEO confidence index rose in March but not to levels consistent with sustained increase in corporate earnings and share market returns. So, while things are starting to look up, the March upturn appears to be a bear market rally. Australian shares
International shares
Property
Australian fixed interest
International fixed interest
Source: Russell Investments Industry news and legislation The Budget includes both major spending initiatives and some savings. In this report, Aon focuses on budget announcements relating to superannuation, pensions, health insurance and employee benefits - the key issues that may affect clients. |
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Disclaimer The information in this document is general in nature. Your personal objectives, needs or general situations were not taken into account when preparing this information. You should consider the appropriateness of any general advice before acting on it, having regard to your own objectives, financial situation and needs. If the information relates to a financial product, you should obtain and consider the relevant Product Disclosure Statement before making any decision to purchase that financial product. Depending on the terms of the particular plan, the Trustee may receive remuneration in respect of the superannuation interests that it issues. For providing personal advice that results in the issue of an interest in the Aon Master Trust, Aon Consulting Pty Limited may receive remuneration from the Trustee. Employees and directors of Aon Consulting Pty Limited are remunerated by way of salary, but may receive bonuses based on the quality and amount of services provided. This document has been prepared by Aon Consulting Pty Limited (ABN 48 002 288 646, AFSL 236667) a related body corporate of the trustee of the Aon Master Trust (ABN 68 964 712 340), Aon Superannuation Pty Limited (ABN 83 057 982 822, AFSL 237465). This is a relationship that might reasonably be expected to be capable of influencing Aon Consulting Pty Limited when the company provides financial advice to clients in respect of the Aon Master Trust. © 2009 This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part may be reproduced by any process nor may any other exclusive right be exercised without the permission of Aon Consulting Pty Limited. |
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