PDS and handbooks
April 26 2019
Our Product Disclosure Statements (PDS) and Handbooks contain detailed information about your fund - such as costs, benefits and risks.
PDS: Accumulation Plan
There has been a small error in the disclosure of Administration Account keeping fees in the following documents:
- Accumulation Plan Product Disclosure Statements, Issued 25 January 2018 – Fees and Costs for the Growth Option Page 5
- Accumulation Plan incorporated Fees and Costs Guide AP.7, Issued 25 January 2018 –Fees and Costs, Table 1, Page 2
The disclosure on each page states currently:
Account keeping fee / Administration fee Is calculated on your average monthly balance and is deducted annually from your account at the end of each financial year and pro-rated upon closure of your account.
The documents should state the following:
Account keeping fee / Administration fee Is calculated based on your end of month balance and is deducted annually from your account at the end of each financial year and pro-rated upon closure of your account.
PDS: ESSS Defined Benefit Fund
PDS: Income Streams
PDS: Beneficiary Account
Handbooks: State super funds
Disclosure of indirect costs (Accumulation Plan, Beneficiary Account and Income Streams members):
From 30 September 2017, all super funds are required to disclose investment related fees and costs in greater depth. For most investment options, this means that it may look like investment fees have increased, but that’s not the case. What is changing is the way in which we are required to disclose the information to you. The new disclosure requirements for investment fees and costs will not impact on your net crediting rates (after investment fees, costs and tax, where applicable).
Disclosure of Adviser Network Pty Ltd ABN 25 056 310 name change:
Adviser Network Pty Ltd ABN 25 056 310 699, AFSL 232 729 will be changing to Link Advice Pty Ltd ABN 36 105 811 836, AFSL 258145 with effect from 1 April 2019. From 1 April, ESSSuper Financial Advisers will be supervised by Link Advice Pty Ltd. Link Advice will be responsible for any advice provided by ESSSuper Financial Advisers.