Updates to investment objectives
From 30 September 2024, there are updates to how we describe the investment objectives for the Capital Stable, Balanced, Growth (known as Core Strategy until 30 September 2024), Sustainable Growth, and High Growth investment options. The updates are:
- Fees and taxes now shown in the investment objective - we’ve made it clearer that the objective (our target investment return) is after the deduction of fees and taxes.
- Extending the objective timeframe for measuring the Capital Stable and Balanced options - we’ll now measure how these options are performing over longer, rolling 10-year periods.
The table below shows the current and updated investment objectives for the affected options. The updates outlined in the table below don’t change how your super is invested, or the level of potential risk or return of the option.
| Capital Stable |
CPI +1% pa over the medium-term (rolling 4-year periods)
|
CPI +1% pa (after fees and tax) over rolling 10-year periods
|
| Balanced |
CPI +2% pa over the medium-term (rolling 6-year periods)
|
CPI +2% pa (after fees and tax) over rolling 10-year periods
|
| Growth (known as Core Strategy until 30 September 2024) |
CPI +3% pa over the long-term (rolling 10-year periods)
|
CPI +3% pa (after fees and tax) over rolling 10-year periods
|
| Sustainable Growth |
CPI +3.5% pa over the very long-term (rolling 12-year periods)
|
CPI +3.5% pa (after fees and tax) over rolling 12-year periods
|
| High Growth |
CPI +4% pa over the very long-term (rolling 12-year periods)
|
CPI +4% pa (after fees and tax) over rolling 12-year periods
|
*The Consumer Price Index (CPI) measures inflation. As inflation can reduce the value of your retirement savings over time, we use CPI as a benchmark to help measure if your investment returns are staying ahead of inflation, to maintain your buying power in retirement.
