The ongoing volatility in investment markets had significant consequences for some UniSuper products. For Defined Benefit Division (DBD) members and those with a Defined Benefit Indexed Pension, the most important news came when the Trustee initiated the process described in Clause 34 of the Trust Deed. This has been undertaken as a precautionary measure to secure the long-term financial stability of the DBD. A restriction was also introduced for DBD members wanting to commence a Flexi Pension under the transition to retirement (TTR) rules.
