Member Statement wins at ASFA Communications Awards

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We were recently awarded the 2009 ASFA Communications Award for the ‘Excellence in member communication’ category, for the Russell SuperSolution Annual Member Statement.
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Changes to your investment effective 1 July 2009

A new Product Disclosure Statement (PDS) for the Russell SuperSolution Master Trust was issued on 1 July 2009. We are taking this opportunity to highlight some changes to your investment. In order to enhance our portfolio management of the Russell Diversified Portfolios*, changes to the way in which we manage the Russell Diversified Portfolios have been made, including:

  • Increasing the ranges around asset classes and introducing a range around the growth and defensive targets.
  • Replacing references to ‘income’ with ‘defensive’ in line with industry standards.
  • Each Alternatives allocation has been consolidated to one line item.
  • The Neutral Position has changed for the Russell Balanced Portfolio, Russell Balanced Opportunities Portfolio and Russell Growth Portfolio. The Alternatives allocations in these portfolios have been re-categorised as growth investments.
  • The Neutral Position of a Russell Diversified Portfolio can change without prior notice, provided that it is maintained within the relevant ranges as specified in the PDS. New neutral positions can be viewed here.

The PDS also features enhancements to the disclosures for the Russell Sector Portfolios**. Please note that there is no change to the underlying investment strategies of the Russell Sector Portfolios. Amendments are intended to more accurately and consistently disclose how the Russell Sector Portfolios’ underlying investments are managed.
To view all of the changes, you may access the new PDS electronically on our website.

Change to the fee-free period effective 1 January 2010

This notice is only applicable for members in the Employer Division. Currently when you leave your employer and transfer into the Personal Division, Russell offers you a 90-day fee-free period. Effective 1 January 2010, the fee-free period will change to 40 days. On transfer into the Personal Division, you will be reminded of the fee-free period and be provided with a copy of the Personal Division Product Disclosure Statement.


* Russell Conservative Portfolio, Russell Diversified 50 Portfolio, Russell Blended Balanced Portfolio, Russell Balanced Portfolio, Russell Balanced Opportunities Portfolio, Russell Growth Portfolio, Russell High Growth Portfolio.

** Russell Australian Cash Portfolio, Russell International Property Securities Portfolio - $A Hedged, Russell Australian Shares Portfolio, Russell Australian Opportunities Portfolio, Russell International Shares Portfolio, Russell International Shares Portfolio - $A Hedged, Russell Global Opportunities Portfolio, Russell Socially Responsible Australian Shares Portfolio.