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FAQs

Since the QSuper/Sunsuper merger in 2022, we have been undertaking a comprehensive review of the investment products that Australian Retirement Trust (ART) offers across the Super Savings and QSuper products. The objective of the review was to use our scale and in-house investment expertise to develop a high-quality ART investment menu designed to help meet the needs of our 2.3 million members.

As a result, we are making changes which will align the investment menus for Super Savings and QSuper account holders.

For members currently invested in an option that is being closed, their account balance will be invested in the most similar new option(s) available, taking into account the objective, risk level or asset allocation for the option(s). Their future contributions will also be automatically switched to the new option(s).

Some options are being renamed.

See the full summary of option changes on our website: find the Super Savings changes here and QSuper changes here.

The design of the new suite of investment options is evidence-based to prioritise the investment needs and preferences of our membership. We undertook a lengthy and considered process that sought feedback from members, financial advisers, employer representatives, ratings agencies and behavioural scientists.

The resulting suite of investment options is based on the insights and evidence uncovered during the review process and was subject to Committee and Board scrutiny.

Super Savings: Our new menu will include two new diversified options: the High Growth Index option and the Balanced Risk-Adjusted option.

The High Growth Index option will invest in a diversified portfolio of listed assets with around 90% growth assets (Australian and international shares). 

The Balanced Risk-Adjusted option invests in just over 60% growth assets. We adjust the risk for this option by holding fewer shares and more bonds.

Read the detail here.

QSuper: Our new menu will include seven new diversified options and seven new asset class options. Several of these options are similar to those on the current QSuper investment menu. 

Our new diversified options are: High Growth, Balanced, Conservative-Balanced, Conservative, Socially Conscious Balanced, High Growth Index, and Balanced Index.

Our new asset class options are: Australian Shares Index, International Shares Hedged Index, International Shares Unhedged Index, Listed Property Index, Unlisted Assets, Bonds Index, and Cash.

Read the detail here.

We have made the decision to close the actively managed asset class options and only offer passively managed equivalents. This decision was made following a comprehensive review which considered both a quantitative and qualitative assessment of the current demand for these options. The review incorporated feedback from advisers, via focus groups and survey responses.

7 QSuper options are closing. Because most of the options on the new suite of investments are being seeded by the currently offered Super Savings options, for ease of transition, we made the decision to consolidate the QSuper options with the Super Savings equivalent, taking into account the objective, risk level or asset allocation for the option.

The QSuper options that are closing are all similar to the new options. For example, the investment objectives and risk labels of the QSuper Moderate and Conservative options are the same, thus the mapping of the QSuper Moderate option to the new menu Conservative option.

No. The new High Growth option will have around an 85% allocation to growth assets. This is the same allocation the current Super Savings Growth option has now. The change in name just provides more distinction between the option names and is aligned with the superannuation market names.

The ‘Australian Listed Property’ option will change name to be the ‘Listed Property Index’ option on 1 July 2024. The Listed Property Index option will invest in a portfolio of globally listed shares, and this is different to the current option which has a 100% strategic asset allocation to Australian listed property. Australian listed property will represent approximately 3% of the new option. With this change, clients invested in the Australian Listed Property option will invest in a more diversified portfolio, from 1 July 2024. 

There’s no change to the tax implications for members. While there are tax costs when we buy and sell assets, these have already been accounted for. This has not changed.  

When we invest our members’ super, we set aside an amount of money that we estimate will be the amount of tax that will need to be paid when assets are sold. We adjust this amount quarterly, where applicable. We call this tax provisioning.

We'll give you information about fees in the next Product update in May. We'll also publish this information to our websites.

The Super Savings information will be published here.

The QSuper information will be published here.

We won't charge switching fees when we roll your clients over to the new investment menu. 

We adjusted some of the maximum and minimum amounts that an option can invest in each asset class to better reflect the range in which we wish to manage the asset class for a particular option. The ranges help guide investment decisions and manage risk to achieve the investment objective.

Options that have been retained or renamed will have performance histories. The performance histories will be based on the continuing Super Savings option histories and the QSuper Balanced option history.

For Super Savings members:

  • Between 1 July 2024 and 30 September 2024, the Pools the Lifecycle Investment Strategy invest in will change from Balanced, Retirement and Cash Pools to High Growth, Balanced and Cash Pools.
  • We’re updating the age at which we transition and how we transition investments between the Pools.
  • We’re changing the investment objective for the Cash Pool and updating the asset allocation of the Balanced Pool.  

These changes aim to improve the retirement outcomes of our members. The Lifecycle Investment Strategy is expected to deliver higher returns over the long term for members of all ages. Along with this there is also a higher risk of negative returns in any given year. Because super is a long-term investment, we believe the changes are in the best financial interests of our MySuper members.

For QSuper members: 

  • We’re changing the age and Lifetime account balance brackets for the Lifetime investment groups.
  • We’re introducing a new investment group called Sustain 3.
  • We’re changing some of the Lifetime group investment objectives and risk labels.
  • We’re updating the Lifetime group asset allocations and ranges.

The changes aim to improve the retirement outcomes of our members. The Lifetime investment strategy is expected to deliver higher returns over the long term for members of all ages. Along with this there is also a higher risk of negative returns in any given year. Because super is a long-term investment, we believe the changes are in the best financial interests of our MySuper members.

If a client holds units in the Voluntary Preservation Plan (VPP), the assets supporting this investment are currently invested in the Moderate option for Accumulation account holders. From 1 July 2024, the assets supporting this investment will change so that they are invested in the Conservative option. Please note the VPP is a closed option.

For members, Defined Benefit Plans are not affected by these changes. If members also hold money in an Accumulation or Income account, then they can take advantage of the new suite of investment options via that account.