Aon Master Trust Adviser Newsflash  |  December 2009
 


Pension Product Disclosure Statement: 1 January 2010

The Pension PDS has been revised, effective 1 January 2010, to incorporate the following product changes.

Default investment option changes from Secure – Active to Secure – Index.

  • Aligns with the Corporate Super and Personal Super default.
  • Lower-risk Secure option has been retained due to the average term of the Pension's liabilities.
  • Secure-Index has a lower management fee (0.46% pa) than Secure – Active (0.55% pa).  

Reversionary beneficiary nomination: new option

  • A member can nominate their spouse to continue to receive income stream payments on the member's death.
  • The pension reverts to the beneficiary spouse once the trustee has assessed and approved the death benefit claim.
  • The pension retains the same start date and components as the member’s original pension.
  • New members wishing to make a reversionary beneficiary nomination must do so via the member application form at the pension start-up stage.
  • Existing members wishing to make a reversionary beneficiary nomination must commute their existing pension and apply for a new pension. There could be social security and tax implications for the member.
  • Members wishing to change a reversionary beneficiary nomination must commute their existing pension and apply for a new pension.

Order or download the new PDS

The new PDS is at print and will be available by the end of December 2009.

  • Order print copies of the new PDS.
  • If you use a PDF copy, make sure you print all the pages, including the application forms.
  • If you are holding copies of the 1 July 2009 Pension PDS, please destroy them.

  
 


Contact us

Call 1300 880 588 or
email us.

  


Useful links

Aon Master Trust website

Aon in Australia

 

  


Feedback

Share your feedback. We would love to hear from you.

  
 

Disclaimer

The information in this document is general in nature and should not be relied on as advice (personal or otherwise) as your personal needs, objectives and financial situation have not been considered. Before deciding whether a particular Aon Master Trust product is right for you, please consider the relevant Product Disclosure Statement.  

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 product advice to clients in respect of the Aon Master Trust.

While every care has been taken in the production of this document and the information contained in it has been obtained from sources that Aon Consulting Pty Limited believes to be reliable, Aon Consulting Pty Limited does not make any representation as to the accuracy of this document and accepts no liability for any loss incurred by any person who may rely on it. In any event the recipient of this document shall be entirely responsible for their use of this document.

© 2009 Aon Consulting Pty Limited.