Registrable superannuation entity licensee

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Trustee and Fund Information

IOOF Investment Management Limited (IIML) as a licensee of a registrable superannuation entity, is required to publicly disclose certain information and documents, including information and remuneration details of its Executive Officers.

Fund information

Trustee information

I.O.O.F. Investment Management Limited (IIML) ABN 53 006 695 021 as the Registrable Superannuation Entity Licensee of the following Registrable Superannuation Entities (RSEs):

IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818
AvWrap Retirement Service ABN 82 004 832 237

has received consent from the Australian Securities and Investments Commission for the resignation of Chris Wooden (ASIC Registration Number 401916) as the auditor of the RSEs. As a result, IIML has now accepted the resignation of Chris Wooden and has appointed KPMG (ABN 51 194 660 183) as the auditor of the RSEs.

Product information

The Member Outcomes Assessments for the year ended 30 June 2023 can be accessed below: 

2024 Annual Performance test results

MySuper (where available) and all Trustee Directed Products passed the 2024 performance test for:

  • IOOF Employer Super
  • IOOF Personal Super
  • Rhythm Super

One Trustee Directed Product (investment option) held by a small number of members failed the 2024 performance test within these products:

 

Notice date Nature of event or change Impact of the change
12 December 2024 Protected members Notice to members that a new membership category has been established in the Fund, specifically for Protected members. Impacted members have been moved to the new Protected membership category and notified. Other members within the Fund will be notified of the new category within 12 months.
30 September 2024
 Intra-fund advice service
 Notice to members of new service providing non-ongoing ‘intra-fund’ personal advice limited to certain topics on super accounts held with us. The costs of providing intra-fund advice are collectively charged to all members and form part of administration fees and costs shown in the Fees and Costs Summary in the PDS, with no additional costs charged.
30 September 2024
 Important changes to your superannuation benefit – payments to beneficiaries
 Notice to members advising of changes to how we pay benefits to beneficiaries in the event of a death of a member. The changes are effective 19 August 2024 for IOOF Employer Super, IOOF Personal Super and IOOF Pension, and 30 September 2024 for Expand Essential, Expand Extra and Shadforth Portfolio Service members.
11 September 2024 Investment option termination
 Notice to impacted Rhythm Super members regarding investment option termination on 18 October 2024.
17 July 2024 IOOF Balanced Investor Trust / MySuper Strategy change Notice to members advising of a number of changes to IOOF Balanced Investor Trust / MySuper strategy (as applicable), including investment structure, asset allocation, fees, and strategy name (IOOF Balanced Growth). 
17 July 2024 Investment option closure
 The Macquarie Treasury Fund (APIR code: MAQ0055AU) is closing to new money (hard closing) effective 2 September 2024 for all Expand Extra and IOOF products.
16 July 2024 Investment option sell down

The following investment options are being sold down effective 2 September 2024 for Expand Extra Super and Pension, Shadforth Portfolio Service – Super and Pension, and IOOF products:

  • AMP Capital Balanced Growth Fund (APIR code: AMP0442AU)
  • AMP Capital Equity Fund - Class A (APIR code: AMP0370AU)
  • Dexus Asian REIT Fund (APIR code: APN0023AU)
  • Paradice Global Small Cap Fund (APIR code: ETL0365AU)
  • UBS Balanced Investment Fund (APIR code: SBC0815AU)
  • UBS Defensive Investment Fund (APIR code: SBC0814AU)
10 May 2024 Investment option closure The WealthFocus Perpetual Industrial Share Fund (APIR code: PER0011AU) is closing to new money (hard closing) effective 7 June 2024 for all Expand Extra and Shadforth Portfolio Service products.
16 April 2024 Investment option closure and termination
 A range of OnePath and Optimix Managed Investments are terminating for Expand Extra Super, Expand Extra Pension, IOOF Employer Super, IOOF Personal Super and IOOF Pension, effective 21 May 2024.
8 April 2024 Investment option closure and termination
 Notice to impacted Rhythm Super members regarding investment option closure and termination on 20 May 2024.
8 April 2024 Pricing of De-listed Investment options

From 28 March 2024, we have updated the unit price of the following De-listed Investment options with a nil unit price. As a result some clients may notice a reduction in their portfolio valuation if holding the following De-listed Investment option/s:

AVZ – AVZ Minerals Limited
FFX – Firefinch Limited
HHY – HHY Fund
MPO – Molopo Energy Limited
PPKMEG – PPK Mining Equipment Group Limited
TRY – Troy Resources Limited
26 February 2024
 Enhancements impacting clients' Income preferences
 Notice to Managed Discretionary Account (MDA) clients of Expand Extra and Shadforth Portfolio Service about changes to the following Income Preference: Income Instruction - percentage, effective 30 March 2024. Other members within Expand Extra and Shadforth Portfolio Service will be notified within 12 months.
19 February 2024 Investment option closure The Macquarie Master Balanced Fund (APIR code: MAQ0058AU) was closed to new money (hard closed) effective 21 March 2024 for Expand Extra, IOOF Employer Super, IOOF Personal Super and IOOF Pension products.  
18-19 January 2024 Investment option closures The Martin Currie Property Securities Fund (APIR code: SSB0128AU), UBS Balanced Investment Fund (APIR code: SBC0815AU) and UBS Defensive Investment Fund (APIR code: SBC0814AU) were closed to new money (hard closed) effective 23 October 2023. The Dexus Asian REIT Fund (APIR code: APN0023AU) was hard closed effective 14 December 2023. The closures impact Expand Extra, IOOF Employer Super, IOOF Personal Super IOOF Pension, and Shadforth Portfolio Service products.
25 October 2023 Successor Fund Transfer and Change of Trustee and Administrator and Administration Fee (where applicable) Notice to Symetry and FinHQ members to inform them of the change of Trustee to IOOF Investment Management Limited and successor fund transfer to Rhythm Super including a change of administrator, grandfathering of administration fees or change in administration fees and other feature changes. These changes take effect on 2 December 2023.
6 September 2023 Enhancements impacting clients’ Income preferences Notice to Managed Discretionary Account (MDA) clients of Expand Extra and Shadforth Portfolio Service about changes to Income Preferences effective 12 October 2023. Other members within Expand Extra and Shadforth Portfolio Service will be notified within 12 months.
29 May 2023 Income Protection premium rates and changes to Terms and Conditions
 Notice to members of Expand Extra Super, Expand Essential Super, Shadforth Portfolio Service (SPS) Super, IOOF Employer Super and IOOF Personal Super, about changes to Income Protection premium rates and some Terms and Conditions, effective 1 July 2023.
23 February 2023 Changes to: brokerage fees; Cash Account; Administration costs paid from the reserve; Family Fee Aggregation; investment options; Protecting Your Super refunds; Administration Fee and Account Keeping Fee (subset of members)  Notice to members of Expand Extra, Expand Essential, Shadforth Portfolio Service (SPS), IOOF Employer Super, IOOF Personal Super, IOOF Pension about the following changes effective 31 March 2023:
  • changes to brokerage fees (including Managed Portfolio Service if applicable)
  • change to the interest retained amount for the Cash Account
  • revised estimate for administration costs paid from the reserve
  • additional MLC Investments Limited (MLCI) investment options added to Investment menu
  • increase the number of linked accounts for Family Fee Aggregation from 6 to 8 (NA for IOOF Employer Super and Expand Essential)
  • investment fees no longer included in Protecting Your Super refunds
  • notice of Administration Fee and Account Keeping Fee changes per Expand Extra / Expand Essential PDS dated 14 November 2022 (PDS fees will apply to a cohort of members effective 1 April 2023).

Annual Members' Meeting

Information for our 2023 Annual Members' Meeting