New sustainable investment plan available

27 September 2023

Our Sustainable Balanced investment plan is now available for your clients who are members of GESB Super, West State Super and the Retirement Income Allocated Pension.

This plan enhances our whole-of-portfolio approach to responsible investing and gives members the option to invest their super with a greater focus on environmental, social and governance (ESG) considerations.

About the Sustainable Balanced plan

The Sustainable Balanced plan is a Readymade plan which invests in a range of asset classes that are selected to meet stricter ESG criteria. It also places greater emphasis on exclusions.

Sustainable Balanced plan details

The below information applies to the Sustainable Balanced investment plan for GESB Super, West State Super and the Retirement Income Allocated Pension.

 
Who might choose it?

This might suit members who want to invest with a greater focus on environmental, social and governance considerations by managing exposures to certain industries. Also, a high level of fluctuation in investment returns from year to year should be accepted, for an increased likelihood of strong earnings.

Investment return objective1

To achieve a return of CPI2 + 3.0% p.a. over rolling 7 year periods

Investment risk label3

High

Investment risk band3

6

Minimum investment timeframe

7 years

Level of investment risk – estimated number of negative returns over any 20-year period3

Less than 5

Growth/Defensive split

72/28

Strategic Asset Allocation approved 3 August 2023

 
Target Percentage (%) Allowable range
Australian Shares

26%

12% - 40%

International Shares

34%

20% - 48%

Private Equity

0%

0% - 6%

Property

4%

0% - 20%

Infrastructure

0%

0% - 12%

Medium Risk Alternatives

16%

0% - 30%

Investment Grade Bonds

16%

0% - 50%

Defensive Alternatives

0%

0% - 12%

Cash

4%

0% - 25%

Fees and costs

The statement of fees and costs for the Sustainable Balanced plan per scheme are outlined below.

Cost per year is calculated for a member with an account balance of $50,000.

 
SchemeAnnual fees and costs

GESB Super

$421

West State Super

$361

Retirement Income Allocated Pension

$335

More information on fees and costs is available in the relevant Schedule of fees brochure or the Retirement Income Pension Product Information Booklet.

What the Sustainable Balanced plan invests in

For members to get an indication of what the Sustainable Balanced plan may be invested in, they can view a list of indicative holdings as of 30 June 2023.

How members can switch plans

Members can make an investment switch through Member Online or complete an Investment choice form for their relevant account and send it to us by email or post.

1 The investment return objective is the investment return the Sustainable Balanced plan will seek to achieve after investment fees and taxes for GESB Super and Retirement Income Allocated Pension and after investment fees only for West State Super.
2 Consumer Price Index (CPI).
3 Based on the Standard Risk Measure.

More information

Page last updated 27 September 2023