NGS Super welcomes its new members from QIEC Super.
Below you will find a number of resources that will provide you with more information about the 6th May 2019 Merger.
The merger has seen NGS Super's assets increase to around $11 billion and membership increase to around 120,000. This merger has been a positive and exciting step for all members. The larger Fund now has a stronger presence in the superannuation industry with greater bargaining power with service providers. We expect to gain benefits from the merger that will underpin new products and services that can be offered to members in future.
Important information
Members
QIEC Super members’ accounts were automatically transferred to NGS Super on 6 May 2019 and a new account was established in NGS Super.
Key dates for transitioning members
- 06 May – Your account transferred to NGS Super
- Mid-May – We sent you a confirmation letter for the establishment of your account
- 27 May – Limited Service Period ceased and we were therefore able to view and manage your account for you by phone or in writing
- Early June - QIEC Super sent you an exit statement
- Mid June - We sent you details about how to register to view and manage your account using Member Online. Your BPAY details are now available via Member Online by clicking on your personal details icon in the top right-hand corner of the home page. You have also been sent a letter confirming your account details including financials.
- September 2019 - NGS Super member statements will be sent. Your statement will include your balance rolled into the merged fund and transactions since that date. For transactions prior to the merge date, please refer to your QIEC exit statement (sent in June 2019). You can request a copy of your QIEC exit statement here.
Access your account online
If you don't want to wait to be sent a PIN, you can establish your Member Online access by taking the following steps:
- Go to Member Online
- Click 'Reset Your PIN' in the Sign In box and follow the prompts to set up a new PIN.
If you require historical transaction and other account information from the time your superannuation was with QIEC Super, please contact us and we will send you a copy of past statements.
Understanding unit pricing
It's important to note that your NGS Super account balance is represented in 'units' and not a 'crediting rate' as previously used by QIEC Super. To learn more about unit pricing, please refer to our Understanding unit pricing information sheet.
Duplicate accounts
Do you have two NGS Super accounts as a result of the merge?
Some transitioning QIEC members previously also held an NGS Super account. An advantage of the merge is the cost saving from combining your QIEC Super and NGS Super accounts.
We are currently undertaking an assessment of likely duplicate accounts and will contact affected members directly. Affected members will have all duplicate costs incurred since the merger refunded to their NGS Super account.
In some cases, it is not possible to identify a duplicate account - for example, where the account names are significantly different. To ensure your duplicate accounts are combined, please contact us or call our Helpline on 1300 133 177.
Resources
QIEC Super & NGS Super - Significant Event Notice
To learn more about the QIEC Super & NGS Super merger, download the Significant Event Notice.
DownloadNGS Super Merger - Significant Event Notice
Changes to NGS Super members’ fees, investment options, insurance, other changes including the merger with QIEC Super.
DownloadInsurance Transition Guide
If you're a transferring member from QIEC super, download the Insurance Transition Guide to find out more about your Insurance cover.
DownloadEmployer Transfer Guide
To ensure that the transition for employers from QIEC Super to NGS Super is as seamless as possible for you, we have detailed the changes in the Employer Transfer Guide.
DownloadMerger Fact Sheet for Employers
This fact sheet provides information for QIEC Super Employers moving across to NGS Super.
DownloadEmployer FAQ
Frequently asked questions of Ex-QIEC Employers moving to NGS Super and accompanying answers can be found here.
Download