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  1. About IOOF

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.

Trust deed includes governing rules and rules relating to the nomination, appointment and removal of trustees or trustee directors.

AET Small APRA fund

  • Trust deed. NB: Trust deed includes governing rules and rules relating to the nomination, appointment and removal of trustees.

AvWrap Retirement Service

IOOF Portfolio Service Superannuation Fund

SMF Eligible Rollover Fund

Notice date Nature of event or change Impact of the change
26 July 2021 Investment option closure and cessation of associated admin fee discount for some members Notice to members of an investment option closure and transfer of funds into members’ Cash accounts.

Some members received historical administration fee discounts for super invested in those funds, which will also cease at the time of the investment option closure.
23 July 2021 Default insurance change Notice to members of an IOOF Employer group to advise of change to default insurance arrangements, including opportunity to maintain existing insurance prior to change (if applicable).
15 July 2021 Notice of SMF ERF fund closure

Notice to members in SMF Eligible Rollover Fund (ERF) of the fund’s closure as part of the government’s ‘Reuniting More Superannuation’ legislation.

The SMF ERF is closing and will transfer all balances to the Australian Taxation Office (ATO) by 15 October 2021.
31 May 2021 Update to the AvWrap Retirement Service Trust Deed

Notice to AvWrap Retirement Service members to inform them that the Trust Deed has been amended to:

  • increase the administration fee cap from 2% per annum to 3% per annum (based on your account balance as at 30 June each year, or when you close your account), subject to a minimum of $40 per month; and
  • remove IIML’s ability to charge other fees that are no longer being charged, including contribution, switching and withdrawal fees.
These changes apply from 1 July 2021 and any administration fees charged above the new cap will be refunded to members at the end of the financial year.
12 April 2021 Fund closure Notice to IOOF Portfolio Service, IOOF LifeTrack, Bendigo Financial Solutions, Financial Partnership Portfolio Service and IOOF Pursuit Focus members of the closure of those funds and transfer to eXpand, IOOF Essential, IOOF Personal Super and Shadforth Portfolio Service on 11 June 2021.
March 2021 Fund closure Notice to MAP Super and Pitcher Partners Super Fund members of the closure of those funds and transfer to IOOF Employer Super, IOOF Personal Super and IOOF Pension on 24 April 2021.
February 2021 Default insurance change Notice to members of an IOOF Employer group to advise of change to default insurance arrangements, including opportunity to maintain existing insurance prior to change.
December 2020 Fund closure Notice to Bendigo and Adelaide Bank Staff Super Plan (BASSP) and AustChoice Super members of the closure of those funds and transfer to IOOF Employer Super, IOOF Personal Super and IOOF Pension on 13 February 2021.
November 2020 Changes to the Cash Account There has been a change of underlying investment for the Cash Account to improve net interest on cash. The Cash Account will be invested in a new interest bearing account from 1 December 2020. The indirect cost will vary and is expected to be no more than 0.70%. The net interest will be aligned to the cash rate set by the Reserve Bank of Australia.

The change is due to come into effect 1 December.

Clients in IOOF Pursuit, IOOF Portfolio Service, LifeTrack and other legacy products received a Significant Event Notice informing them of the changes to the Cash Account.
May 2020 Change to the premium rates for all members with group insurance Group Death and Total Permanent Disability and Income Protection premium rates will increase from 1 July 2020.
May 2020 Temporary change to pension minimums as part of the Federal Government’s Covid-19 stimulus package.

This change is applicable to all account-based pension and Term Allocated Pension (TAP) products under:

AvWrap Retirement Service
IOOF Portfolio Service Superannuation Fund
SMF Eligible Rollover Fund
Various small APRA fund

 Temporary halving of pension minimum drawdown rates for financial years 2019/20 and 2020/21 for account-based pensions and TAPs.
November 2019 Putting Members’ Interests First Notice to members with balances under $6,000 that insurance will be cancelled on 1 April 2020 unless members opt in under new PMIF rules.
May 2019 Change of administration fee for the Cash Hub for all members in Acquire Retirement Service. This was communicated in error and was not actually applicable for Acquire Retirement Service accounts which will be confirmed by a follow up note in members 2018/2019 Annual Statement.
May 2019 Change to the premium rates for all members with group insurance Group Death and Total Permanent Disability and Income Protection premium rates will increase from 1 July 2019.
April 2019 Protecting Your Super (PYS) Notice to members who haven’t received a contribution for 16 continuous months their insurance will be cancelled on 1 July 2019 unless they opt in under PYS rules.
October 2018 Change to the Administration Fees and Account Keeping Fee for Shadforth Portfolio Service: Super & Shadforth Portfolio Service: Pension
  • The Administration Fee structure was simplified to one fee for all investment options (Previously Full and Select Fee options)
  • Clients in the Full menu had reduced Administration fees from 15 November 2018
  • Clients in the Select menu had a reduced Administration fee cap from $2 million to $1 million and an increase in the Account Keeping Fee from $117 to $180.
Name Australian Business Number
Australian Executor Trustees Limited 84 007 869 794
BNP Paribas Securities Services 87 149 440 291
HUB24 Custodial Service Limited 94 073 633 664
IOOF Service Co Pty Ltd 99 074 572 919
Macquarie Investment Management Limited 66 002 867 003
Nexon Asia Pacific Pty Ltd 70 095 335 023
SuperChoice Services Pty Ltd 78 109 509 739
IOOF Investment Management Limited
 2021 (as at 30 June 2021) RSE Meetings Held RSE Meetings Attended
 Geoffrey Martin Walsh 14  13 
 Karen Gibson 14   13 
 Robert Andrew Bloore 14   14 
 Lindsay Smartt 14   14 
 Jane Harvey 14    14
 Carolyn Colley1  14   5
 Alan Chonowitz2  14   5
2020 (as at 30 June 2020)  
Geoffrey Martin Walsh 11 11
Karen Gibson 11 11
Robert Andrew Bloore 11 10
Lindsay Smartt 11 11
Jane Harvey 11 2
John Selak 11 2
Elizabeth Flynn 11 8
2019    
George Venardos 24 13
Christopher Kelaher 24 3
Dawn Oldham 24 0
Geoffrey Martin Walsh 24 24
Elizabeth Flynn 24 24
John Selak 24 24
Robert Andrew Bloore 24 12
Karen Gibson 24 12
2018     
George Venardos 9 9
Christopher Kelaher 9 7
Dawn Oldham 9 9
Geoffrey Martin Walsh 9 9
Elizabeth Flynn 8 7
John Selak 9 8
2017     
Roger Sexton 8 4
George Venardos 8 8
Jane Harvey 8 5
Allan Griffiths 8 4
Elizabeth Flynn 8 4
Christopher Kelaher 8 7
Dawn Oldham 8 4
Geoffrey Martin Walsh 8 4
John Selak 8 4
2016    
Roger Sexton 7 7
Christopher Kelaher 7 7
Ian Griffiths 7 2
Jane Harvey 7 7
George Venardos 7 7
Allan Griffiths 7 6
Elizabeth Flynn 7 6
2015    
Roger Sexton 6 6
Christopher Kelaher 6 6
Ian Griffiths 6 6
Jane Harvey 6 6
George Venardos 6 5
Allan Griffiths 6 6

1 Appointed 31 March 2021
2 Appointed 31 March 2021

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