When to switch
You may want to switch your investments when circumstances or your investment timeframe change. Before you do switch, make sure you’re doing it for the right reasons.
There are risks and other implications associated with switching your investments. These are explained in your product disclosure statement.
Rebalancing your portfolio
Depending on how your investments perform or how your pension payments are withdrawn, you may need to check and adjust your investments from time to time.
Reviewing and switching your investments can help ensure:
- the percentage invested in each of your options matches your investment strategy
- your account is diversified so that any poorly performing investments may be offset by better performing investments.
What you can change
How your existing balance is invested
You can switch any of your investments in your Accumulation 1, Accumulation 2 or Personal Account, or your Flexi Pension.
If you're in the Defined Benefit Division (DBD), you can change your investments for the accumulation component of your super.
How your future contributions and rollovers are invested
You need to tell us if you want to change how your future contributions and rollovers are invested. Investment switches made to your existing account balance don’t automatically apply to future contributions and rollovers.
What are future contributions and rollovers?
Future contributions are payments made into your super account balance in the future. For example, payments made by your employer or payments you make yourself.
Rollovers are when you move money from another super fund into your UniSuper account. If you don’t choose a rollover strategy, all rollovers to your account will be invested in line with your future contributions strategy.
Transferring from one UniSuper product to another
If you haven’t chosen a new future contributions strategy, any contributions received on or after the transfer date will be invested as per your previous future contributions strategy.
Investment switching costs
Your existing account balance
Your first switch in each financial year is free for each account.
Extra switches cost $9.85 each.
Your future contribution and rollovers
There’s no cost to change how you’d like your future contributions and rollovers invested.
How switches are processed
The date your switch becomes effective depends on when we receive your request and how you submit it.
Switching online is the quickest option. We consider your switch 'received' as soon as it's submitted.
Another option is to complete the paper form and submit it by post, email or via a financial adviser. We consider your switch 'received' once it’s been entered into our administration system, not when it’s been emailed or delivered to us by post.
When your switch becomes effective
Changes to your existing balance
- Requests received before 2.00pm on a Melbourne working day take effect 2 working days later.
- Requests received after 2.00pm on a Melbourne working day take effect 3 working days later.
Your account will continue to earn investment returns in your existing option until your switch takes effect.
Changes to future contributions and rollover strategies
- Changes are effective as soon as we’ve received your request.
Example 1: Raj
From close of global trading on Tuesday onwards, the investment returns applied to Raj’s account will reflect the earnings of the Balanced option.
Example 2: Ling
Her account will continue to earn returns from the Conservative option (positive or negative) until close of global trading on Wednesday.
From close of global trading on Wednesday, the investment returns applied to Ling’s account will reflect the earnings of the Growth option.
Changed your mind?
If you’ve submitted an investment switch request but want to change it, you may be able to replace it with a new request.
- If you've submitted a switch online before 2.00pm on a Melbourne working day, you can replace it with a new switch before 2.00pm that same day and the first one you made won't get processed.
- If you've switched investments online and the 2.00pm cut-off has passed, you can’t modify this request. Instead, you'll need to submit a new switch request.
Future contributions and rollover strategiesYou can change these at any time.
Changes made using the paper form
If you want to replace a switch you first made using a paper investment choice form, you can make a new switch through your online account. The same timing restrictions apply.