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NOTICE TO INVESTORS - IMPORTANT INFORMATION

Changes to Adviser Service Fees 

Ending of Ongoing Adviser Service Fees

From 1 July 2021, we will no longer facilitate the payment of an ongoing adviser service fee for a period of longer than 12 months.

If your investment is made through a licensed financial adviser then the following fee arrangements may apply for any new agreements entered into after 1 July 2021: 

  • Upon your instruction, adviser fees of up to $8,000 p.a. (including GST) can be deducted from your account. This can be charged as a one-off deduction or can be spread out over a 12 month period with quarterly payments. After the 12 month period, the fee will cease automatically and a new form will be required for any new fee arrangements to be established, as negotiated with your adviser. 
  • A new form is required for any changes or new fee arrangements as negotiated with your adviser. 
  • Fees paid to your adviser are in addition to our management fees and costs. Adviser service fees are deducted from your account at the end of a quarter. If there are insufficient funds in your account on the deduction date, the adviser service fee will not be deducted. 
  • A transition period has been established where existing ongoing adviser service fees can remain in place up until 30 June 2022, when they will be cancelled if a new arrangement is not in place.

Our Adviser third party information and fee authority form has been updated to reflect these changes, and is available here.