Significant Event Notices
Timing of a Significant Event Notice (SEN)
| Event | Timing |
|---|---|
| A change or event that does not relate to an increase to a fee or charge | As soon as possible, but not later than three months after the change or event occurs. |
| A change or event that does increase a fee or charge | At least 30 days before it occurs. |
List of Significant Event Notices for the previous 5 years
| Date issued | Members affected | Summary | |
|---|---|---|---|
| 24 February 2025 | All members | Notification of: - change to availability of eAdvice service on Member Online - introduction of new interactive Super Calculator replacing existing TrueWealth retirement calculator available on the NGS website and the Retirement Benefit projection currently available in Member Online. - the NGS Self-Managed Direct Investment Option will be closing, with closure expected to be completed prior to 30 June 2025. |
View details |
| 20 August 2024 | All members | Notification of: - changes to insurance costs, amount paid as a super contribution while receiving an Income Protection benefit, investment fees and costs, strategic asset allocation for pre-mixed options, dynamic asset allocation range within the Australian Shares option, risk of negative returns, risk band and label, and minimum investment timeframe. |
View details |
| 11 December 2023 | All members | Notification of: - introduction of new NGS Income account default investment strategy - changes to estimates of investment fees and costs - changes to investment options (risk of negative returns, risk band and risk label, minimum investment horizon, investment objectives) - changes to strategic asset allocation for pre-mixed options - change to investment description for Diversified Bonds reflecting a restructure of this option - introduction of Private equity asset class. |
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| 27 September 2022 | All members | Notification of change to: insurance costs, the Income Protection benefit payment period for most members, insurance terms and conditions, investment fees and costs, risk of negative returns, investment objectives, asset allocation and ranges. This SEN has been updated to include a correction to the Life/Terminal Illness and TPD cover rate figures in Table 8: Life, TPD and IP cover, on page 12. |
View details |
| 1 April 2022 | Members invested in terminating options - Accumulation and Defined Benefit accounts - Transition to retirement accounts - Income accounts All other members |
Notification of investment option closures, investment option changes (asset class names, risk of negative returns and risk ratings, objectives, asset allocation), Trustee fee, removal of family law fees, and legislation changes. | View details |
| 11 March 2022 | All members | Notification of amendment to trust deed and introduction of a trustee fee. | View details |
| 14 February 2022 | All TTR account members; All Accumulation account members invested in NGS Self-Managed Direct Investment Option (DIO) over age 55. |
Notice to advise that from 19 November 2021, the Self-Managed Direct Investment Option (DIO) is no longer offered to TTR account members. | View details |
| 27 August 2021 | All members | Notification of change to: fees and costs, and investment options. | View details |
| 15 June 2021 | All Pension members (NGS Income account and NGS TTR account) | Notification of: reduced minimum drawdown on account-based pensions extension until 30 June 2022. |
View details |
| 1 March 2021 | All members | Notification of change to: Fees and costs, and investment options. | View details |
| 18 November 2020 | All members | Notification of change to: daily unit pricing. | View details |
| 28 May 2020 | All members | Notification of change to: Diversified bonds investment option. |
View details |
| 30 April 2020 | All Pension members (NGS Income account and NGS TTR account) | Notification of: reduced minimum drawdown on account based pensions. |
View details |
| 21 February 2020 | All members | Notification of change to: fees, investment options and insurance premiums. |
View details |
| 24 April 2019 | All members | Notification of change to: fees, investment option changes, insurance changes, other changes including merger with QIEC Super |
Download 8 page SEN Download 10 page extended SEN |
| 12 February 2019 | Former QIEC Super members | QIEC Super & NGS Super are merging. | View Details |
| 4 February 2019 | Members invested in the NGS Self-Managed option | Further changes to the NGS Self-Managed option from 13 February 2019 | View Details |
| 2 January 2019 | Members invested in the NGS Self-Managed option | Change of provider from Macquarie to OneVue. | View Details |
| 14 September 2018 | All members | Notification of change to: investment asset allocation. | View Details |
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