A fund member who is not currently receiving any contributions or rollovers to their account.
A series of payments made at regular intervals, usually purchased as a lump sum to provide a retirement income.
The sum of money paid to purchase insurance against death and permanent disability. The premium is deducted from contributions as they are received by Prime Super and is detailed on member statements.
The return on money invested, usually expressed as a percentage per annum. Interest rates can be either positive or negative.
Investment choice allows you to choose how the money in your retirement income stream product is invested by the fund manager. Fund managers have different investment strategies that carry different levels of risk, therefore, potentially different levels of return.
The fees charged by an investment manager for their services. The fee is normally charged as a percentage of the funds invested, and may be performance-based. The fees are normally deducted from the fund's earnings before determination of the fund's earning rate. Because of our size and efficiency, Prime Super is able to get comparatively low investment management fees.
An organisation appointed by a fund to manage the investment of part of the fund's assets. Prime Super appoints a range of investment managers, who have specialist expertise in particular areas of investment.
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The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.
Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276