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.
Executive Officer information and remuneration
Trust deed
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
- Avenue Superannuation Plan deed of amendment 1 July 2007
- Avenue Superannuation Plan deed of amendment 15 August 2014
- Avenue Superannuation Plan deed of amendment 17 June 2015
- Avenue Superannuation Plan deed of retirement and appointment of trustee 29 June 2012
IOOF Portfolio Service Superannuation Fund
SMF Eligible Rollover Fund
Product disclosure statements
- AET Small APRA fund
- Acquire
- AvWrap
- Retirement Service – closed to new business
- Financial Partnership Portfolio Service
- Personal Superannuation Part 1 and Part 2 – closed to new business
- Allocated Superannuation Part 1 and Part 2 – closed to new business
- IOOF LifeTrack
- Personal Superannuation – closed to new business
- Employer and Corporate Superannuation – closed to new business
- Cashback Pension – closed to new business
- Complying Pensions
- IOOF Portfolio Service
- Personal Superannuation – closed to new business
- Employer and Corporate Superannuation – closed to new business
- Allocated Pension – closed to new business
- Term Allocated Pension – closed to new business
- IOOF Pursuit Core
- Personal Superannuation and supplementary – closed to new business
- Allocated Pension and supplementary – closed to new business
- Term Allocated Pension – closed to new business
- IOOF Pursuit Focus
- IOOF Pursuit Focus Personal Superannuation – closed to new business
- IOOF Pursuit Focus Allocated Pension – closed to new business
- IOOF Pursuit Focus Investment Service – closed to new business
- IOOF Pursuit Select
- Pitcher Partners Superannuation Fund
- Medical & Associated Professions Superannuation Fund
- SMF Eligible Rollover Fund
Actuarial reports
Annual reports
Annual financial statement
Annual Member Meeting
AvWrap Retirement Service
IOOF Portfolio Service Superannuation Fund
Financial services guide
Member Outcomes Assessment
Summaries of each significant event or material change notice made to members
| Notice date | Nature of event or change | Impact of the change |
|---|---|---|
| 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 | 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 |
|
Outsourced service providers
| Name | Australian Business Number |
|---|---|
| Australian Executor Trustees Limited | 84 007 869 794 |
| BNP Paribas Securities Services | 87 149 440 291 |
| 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 |
| PricewaterhouseCoopers | 52 780 433 757 |
| SuperChoice Services Pty Ltd | 78 109 509 739 |
Director's record of attendance at board meetings
| IOOF Investment Management Limited | ||
|---|---|---|
| 2020 (as at 30 June 2020) | RSE Meetings Held | RSE Meetings Attended |
| Martin Walsh | 11 | 11 |
| Karen Gibson | 11 | 11 |
| Andrew Bloore | 11 | 10 |
| Lindsay Smartt1 | 11 | 11 |
| Jane Harvey2 | 11 | 2 |
| John Selak3 | 11 | 2 |
| Elizabeth Flynn4 | 11 | 8 |
| 2019 | ||
| George Venardos | 24 | 13 |
| Christopher Kelaher | 24 | 3 |
| Dawn Oldham | 24 | 0 |
| Martin Walsh | 24 | 24 |
| Elizabeth Flynn | 24 | 24 |
| John Selak | 24 | 24 |
| Andrew Bloore | 24 | 12 |
| Karen Gibson | 24 | 12 |
| 2018 | ||
| George Venardos | 9 | 9 |
| Christopher Kelaher | 9 | 7 |
| Dawn Oldham | 9 | 9 |
| 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 |
| 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 |
| 2014 | ||
| Roger Sexton | 12 | 11 |
| Christopher Kelaher | 12 | 11 |
| Ian Griffiths | 12 | 10 |
| Jane Harvey | 12 | 12 |
| George Venardos | 12 | 10 |
1 Appointed 6 August 2019
2 Appointed 19 March 2020
3 Resigned 29 August 2019
4 Resigned 19 March 2020
Register of relevant duties and relevant interests
Other documentation
Constitution
Nomination, Appointment and Removal of Trustee Directors
Proxy Voting
Conflicts of Interest Policy