How to change investment plans

Once you’ve decided which investment plan suits your needs, it’s easy to change your investment plan. Simply follow the instructions on this page to complete the form.

If you have a GESB Super, West State Super or Retirement account and would like to change your investment plan using Member Online, please see the Member Online help guide for step-by-step instructions.

1. Learn about our investment plans

You don’t need to know a lot about investing to understand the different plans available. Read about the investment plans before making a decision:

• GESB Super investment plans
• West State Super investment plans
• RI Allocated Pension investment plans
• Transition to Retirement Pension investment plans
• RI Term Allocated Pension investment plans

2. Download the form

If you have a GESB Super, West State Super or Retirement account and would like to change your investment plan using Member Online, please see the Member Online help guide for step-by-step instructions. Login to Member Online.

Otherwise, download and print the form you need for your type of account:

• GESB Super investment choice form
• West State Super investment choice form
• Retirement Income Pension investment choice form
• RI Term Allocated Pension investment choice form

You can’t type directly into the form so you’ll need to complete it by hand. You might like to print the form then return to this page for help to complete the form.

3. Provide your personal details

These details include your member number, name, date of birth and contact details. If you have a RI Allocated Pension, Transition to Retirement Pension or RI Term Allocated Pension account, you’ll also need to provide the account number to change your plan for that account.

4. Choose your new investment plan

GESB Super and West State Super

If you’re a GESB Super or West State Super member, tick box A if you want a Readymade plan, and then simply tick the box behind the plan of your choice.

You can then skip to the end of the form where you sign the declaration.

If you prefer the Mix Your plan option, tick box B and write a percentage in the box behind the assets you want to invest in.

You need to choose the percentages in multiples of 5%, adding to a total of 100%.

On the next page, you can choose to adjust your mix to your chosen percentage quarterly, twice a year or once a year. This adjustment means we’ll update your plan to make sure the percentage you choose in each asset class remains the same over time.

If you don’t choose any of these options, you’ll need to monitor your own investments over time to make sure the investment mix still meets your needs.

RI Allocated Pension, Transition to Retirement Pension and RI Term Allocated Pension

For Retirement Income Pension members, if you would like all of your money invested in one Readymade plan, tick box A and write the name of the plan in the box below it.

You can then skip to the end of the form where you sign the declaration.

If you would like to invest in the Cash plan and one other Readymade plan, then tick box B.

You’ll need to specify what percentage of your account balance you would like to invest in the Cash plan. You’ll also need to write the name of the other Readymade plan you want to invest in in the box below it.

You need to choose to either pay your pension as a percentage of the listed investment plans, or choose the order you want to pay it in.

For example, if you want to invest 50% of your balance in the Cash plan and 50% in the Growth plan, but you want your pension payments to be made mostly from your Cash plan, then you enter 80% in the box behind ‘Cash’ and 20% in the box behind ‘Other investment plan’.

Or you can choose the order you want to pay your pension in by entering a 1 and 2 in the boxes on the far right.

For example, if you enter ‘1’ behind the Cash plan percentage, then 100%of your pension payment will come out of your Cash plan until you have no funds left in this plan.  The pension payments will then be paid from your remaining plan.

You can then skip to the end of the form where you sign the declaration.

On the next page, you can choose to invest in the Mix Your plan options. If you prefer to Mix Your plan instead of choosing a Readymade option, tick box C and write a percentage in the box behind the assets you want to invest in.

You have to choose the percentages in multiples of 5% with the total adding up to 100%.

AND you need to choose to pay your pension from the selection of investment plans (ensure the total equals 100%) or pay your pension from the plans by selecting an order (i.e. 1, 2, etc).

If you have a Retirement Income Pension account and you choose either investment option B or C, your payments will be made in the percentage or order you choose until there’s no money left in one of your chosen plans. Then the payment will be made from your other plan or plans.

It’s always worth checking how your investments are tracking in Member Online. You can complete another form at any stage to adjust your investment mix.

5. Read and sign the declaration

To finish completing the form, you need to acknowledge that you’ve read the relevant information and that your chosen investment option is your choice and not a choice made by us.

You also need to understand that once you submit this form, your request can’t be reversed. If you change your mind, you can make another investment choice but only once the first change has been completed.

When you sign the declaration, the process is almost complete.

6. Send the form to us

Now that you’ve completed and signed your investment choice form, simply post it to us at:

GESB
PO Box J 755
Perth WA 6842

You can also email the form to:

memberservices@gesb.com.au

Please allow up to six business days for Australia Post to deliver regular mail.

Generally, we will process your investment switch within two to three business days after receiving your completed ‘Investment choice’ form or investment plan change through Member Online.

For more information, see our FAQ: When will my investment switch take effect?