Reserves
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The Fund maintains the following reserves:
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- an administration reserve to help manage the operation of the Fund
- a group life insurance reserve for the external optional insurance cover
- a self insurance reserve for the death and disablement benefits to Accumulation 2 members.
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The reserves are invested in a diversified portfolio with an asset allocation that mirrors that of UniSuper's Balanced investment option.
The total amount of reserves as at 30 June for the past three years was $12.8 million in 2007, $22.6 million in 2008, and $17.2 million in 2009.
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