Aon Master Trust Employer Directions | November 2009 |
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Also in this issue: Market update
Product and service Benefit statements are out and online This year's statements have been mailed out, and they are also available to members online by logging in at aonmastertrust.com.au. The website also has a guide to the benefit statement, so if you get any queries from your members, you might want to steer them in that direction. If they need further assistance with their statement, or are looking for financial advice, they can call or email us. What else our members are reading The November issue of Member Directions is about to go out. You might be interested in having a sneak preview of the feature articles. Always putting your super on snooze? If you meant to do 'super stuff' this year but kept putting it off, it's time to ditch the snooze button and get going. Read the full article. Read the full article. Recent research tells us that, on average, you retire on less than half the money men retire on. Given that you live longer than men (on average), it means your much smaller nest egg has to stretch further...These tips may help if you need to bridge that super savings gap. Read the full article. Investments Performance: we're now 5th out of 120 The latest SuperRatings survey* shows that we've crept up the performance ladder. A return of 4.31% for the year ended 30 September 2009 ranks our default investment option, Balanced-Index, 5th out of 120 balanced super fund options (compared with 9th out of 113 in June). Our default option** has beaten the not-for-profit fund median for 1-year returns, and the all fund and master trust medians for both 1 and 3-year returns * SuperRatings Fund Crediting Rate Survey September 2009. Market update (quarter ended 30 September 2009) The Australian economy is stronger than predicted a year ago and in much better shape than other developed countries. Seasonally-adjusted Gross Domestic Product rose by 0.6% (June quarter), the unemployment rate remained steady, and retail sales rose more than expected in August after falling in July. The Australian dollar has also been strong and there has been talk of parity with the US dollar. Australian investment markets also showed strength over the September quarter. However, question marks remain over the sustainability of increases in the local sharemarket given the fragility of the US economic recovery and its impact on corporate profits, uncertainty about China sustaining its pace of growth, and the effect of the stronger Australian dollar. For the full report, including market sector updates, see our Market update - quarter ended 30 September 2009. On the website For our Corporate Super members, this new factsheet explains the automatic transfer of their membership and account when they leave their sponsoring employer, as well as their other benefit options. Risk vs return 2009 Financial year edition A new Russell/Aon co-branded poster. Legislation Amendments to the AML/CTF Rules have increased the list of persons who can certify documents and extracts of documents as being true copies of original documents. See our factsheet and legislative news for more information. Defined benefit members and concessional contributions cap Following the recent reduction in the concessional contributions caps, the Income Tax Assessment Regulations 1997 have been amended to provide transitional arrangements to certain members of defined benefit funds. The new regulations provide that notional taxed contributions exceeding the concessional contributions cap will be treated as though they are equal to the cap, provided certain conditions are met. This means that a member will not be liable for excess contributions tax on these contributions if the conditions are met. See Aon Super News for more information. Except for the public holidays, it's business as usual.
If you want a transaction to be processed by the end of December, please ensure that we receive the request and all required information by 24 December 2009 to allow for processing time.
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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 or talk with your financial adviser. If you do not have an adviser but would like to be put in touch with one, call us on 1300 880 588 or email contactaon@pillar.com.au. 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. |
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