Your latest Insight - Out Now!
One month ago, we
announcedOpens in new window
that we have entered into an agreement with one of Australia's largest and fastest-growing super funds, Sunsuper, to explore a potential merger of our funds as a way of powering your super.
In the
latest edition of your member newsletter InsightOpens in new window
, we provide some more background about this, the trends driving superannuation mergers, and what it all means for APSS members.
This edition also looks at some broader super industry changes coming in from 1 July 2021, including new before-tax and after-tax contribution limits.
Another article considers how making a series of relatively small contributions can help someone rebuild super taken early during last year's COVID-19 pandemic.
Finally, this edition also provides your regular quarterly investment update, this time for the quarter that ended 31 March 2021; a quarter that saw share markets continue to climb, helping to generate positive returns for the APSS's High Growth and Balanced investment options, while the Conservative and Cash options were flat.
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APSS in merger talks with Sunsuper
At the APSS, we are committed to delivering value for our members and have a long and proud tradition of doing just that.
Over the past several months, we have been exploring ways to create an even stronger, more sustainable foundation for you to build and live a secure and comfortable retirement, while continuing to safeguard your APSS benefits.
That has led us to enter into discussions with one of Australia’s largest and fastest-growing superannuation funds, Sunsuper, about a potential merger.
Our aim with this proposed merger is to ensure that as a member, you will have a wider range of investment choices, services and advice to help you achieve your best retirement outcomes.
You can read more, including frequently asked questions (FAQs) at
https://www.apss.com.au/powering-your-super/Opens in new window
Do we have your current contact details?
You may receive a call from us on a private line over the coming week about updating your contact details. Having your up-to-date contact details helps ensure we can send your communications electronically without delay, and that mailed out information reaches the right postal address. Don’t be concerned if you receive such a call.
You are not required to provide this information over the phone call. If you prefer, you can call us back on 1300 360 373 to provide your details. Or you can update the details yourself – just
loginOpens in new window
into your account and navigate to the Member menu, then click ‘personal details’ then ‘Update’.
However, if you do agree to update your details during the phone call, you will first be asked to validate your identity against our records. Once we have established your identity, we will ask you for your current contact details and we will update your member record.
Your personal information is kept private. Please visit our
PrivacyOpens in new window
page for more information.
Take control of your super in 2021
For all the challenges that 2020 threw at us, all of the APSS member savings investment options ended the year with small but positive returns. Meanwhile, for employee members with defined benefits, they continued to grow in line with a formula that is not affected by financial market performance. For many in our community, the events of 2020 had a more lasting financial impact. Loss of income or work insecurity led to some of our members drawing money from their super under the Federal Government’s COVID-19 early release scheme. Others opted to switch their super into lower-risk investment options after the share markets fell sharply in March and may have missed out on the subsequent recovery. In the latest edition of Insight, your quarterly member newsletter, we offer some ways to take control of your super in 2021, especially if it has taken a backward step in the past year. We also provide the usual investment round up, including a summary of investment returns in the three months to 31 December 2021.
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Happy New Year
Wishing all our members and their families a happy, safe and secure 2021.
Contact usOpens in new window
if you need help understanding your APSS super or want to discuss your super planning within the APSS for the year ahead. Please note that we are not permitted to provide you with personal financial advice. If you're looking for personal financial advice, we suggest you start by reading the information about
choosing a financial adviserOpens in new window
on ASICs
MoneysmartOpens in new window
website.
1300 360 373
1300 360 373
