News: Latest News: Prime Merge

Prime Super Divisions Merging

From 1 July 2007 the Choice, AHTIS and HORT Divisions of the Fund will merge into the Fund’s Essentials Division and thereafter will simply be known as Prime Super.

This change will have a number of effects:

• Members of the Choice and HORT divisions receive an immediate reduction in fees $1.10 per week to $1.00 per week.
  
  
• The Balanced investment option applicable to Members of the Choice and HORT divisions becomes part of the better performing balanced option for Essentials and AHTIS division members.
  
  
• All members will benefit from additional cost savings and efficiency gains over time.
  
  
• Despite the merger of the divisions no members have been disadvantaged by the changes.

During this merge process, there will be some disruption to our normal administration services during the month of July and early August. We ask for your co-operation and understanding during the transition. We expect normal administration services to be available from the second week in August.

We apologise for any inconvenience this may cause, however it will be a beneficial change for all members.