[PDF] Super Scoop 2001 - QSuper - Queensland Government

More documents

Recommendations

Info

Defined Benefit account How is your money invested? ASSET CLASSES Neutral asset allocation Asset allocation ranges Allocation 30/6/2000 Allocation 30/6/2001 Cash 6% 1–26% 5.9% 1.9% INVESTMENT OBJECTIVE To earn CPI + 4.5% p.a. after tax and fees, over rolling 5 year periods. Australian 16% 13–19% 15.7% 15.3% fixed interest International 8% 0-18% 6.4% 7.6% fixed interest Property 10% 5 - 15% 12.2% 13.0% Australian 38% 35 - 41% 37.9% 38.3% shares* International 22% 12 - 32% 21.9% 23.9% * The allocation to Australian shares includes an investment of approximately $1.15 million in QsInvest Limited. What is a reserve? In good years, a portion of the Balanced with Reserves return is kept in a ‘reserve’, to be distributed in later years when earnings might be low or even negative. The QSuper Board of Trustees has decided the size of the reserve can vary between 0% to 15% of the Balanced with Reserves fund. Other reserves are also kept by QSuper, for taxation, administration and death and disability insurance liabilities. These reserves are invested in a way that suits their respective liability profiles. The balances of the reserves are as follows: Reserve 30 June 1999 30 June 2000 30 June 2001 Investment $64.39m (7.20%) * $80.56m (7.29%) * $89.19m (6.84%) * Taxation $23.87m $30.21m $39.45m Other $12.85m $18.35m $21.8m (% of member funds in the Balanced with Reserves option) * “By paying my own money into QSuper, my employer pays in more for my retirement!” Phil Duncan Track Section Supervisor Queensland Rail, Gayndah 10 SUPERSCOOP QSUPER MEMBER SPOTLIGHT Exempt fund status QSuper is classed as an exempt public sector superannuation scheme under the Commonwealth Government’s Superannuation Industry (Supervision) Act 1993 (SIS) and is treated as QSuper 2001 Annual report to members
“With QSuper I can choose between a Defined Benefit or an Accumulation account”. Michele Akers Teacher QSUPER MEMBER SPOTLIGHT Investment returns Cairns State High School YEAR DEFINED BENEFIT ACCOUNT STATE ACCOUNT POLICE ACCOUNT Gross earning rate Crediting rate Objective (CPI + 4.5% p.a.) Gross earning rate Resignation crediting rate Preservation crediting rate Objective (CPI + 4.5% p.a.) Gross earning rate Resignation crediting rate Preservation crediting rate Objective (CPI + 4.5% p.a.) 2000/2001 5.86% 5.20% 10.52% 5.86% 4.80% 5.20% 10.52% 5.86% 4.80% 5.20% 10.52% 1999/2000 14.29% 13.35% 7.69% 14.19% 12.85% 13.25% 7.69% 14.24% 12.90% 13.30% 7.69% 1998/1999 10.54% 10.35% 5.57% 10.51% 9.90% 10.30% 5.57% 10.55% 9.95% 10.35% 5.57% 1997/1998 11.60% 10.85% 5.71% 11.04% 10.45% 10.85% 5.17% 11.04% 10.45% 10.85% 5.17% 1996/1997 19.59% 19.45% 4.83% 19.08% 18.60% 19.00% 4.83% 19.15% 18.60% 19.00% 4.83% 5 year 12.18% 11.74% 6.73% 12.05% 11.23% 11.63% 6.73% 12.08% 11.25% 11.65% 6.73% compound average Your investment manager - Queensland Investment Corporation Queensland Investment Corporation (QIC) is one of the largest wholesale funds managers in Australia, with over $27 billion in funds under management. Based in Brisbane, QIC manages investments for a complying superannuation fund. However, in line with an agreement between all States and the Commonwealth, QSuper complies with the principles of the Commonwealth’s retirement incomes policy. In addition, the Queensland Government QSuper 2001 Annual report to members many Queensland public sector superannuation and insurance schemes, as well as the Queensland Government and other approved investors. For the past 10 years, QIC has invested QSuper’s funds and the QSuper Board of Trustees have determined that, in all ways possible, QSuper will comply with SIS. • and has consistently achieved excellent returns for members. QIC manages the QSuper portfolio and employs specialist fund managers to assist in the management of international shares to ensure your money benefits from the specialist knowledge and skills it needs to finance your future. QIC also supports members through speaking at QSuper seminars and assisting with the provision of many other member services. To learn more about QIC, visit their website at www.qic.com.au . SUPERSCOOP 11
Page 1 and 2: QSuper 2001 Annual report to member
Page 3 and 4: QSuper Board of Trustees Standing (
Page 5 and 6: and all points in between. The occu
Page 7 and 8: Cash Plus Returns 2000/2001: Accumu
Page 9: Every tool you need to build a secu
Page 13 and 14: QSuper 2001 Annual report to member
Page 15 and 16: I’ve decided Qto salary sacrifice
Page 17 and 18: SAVING IN your 20s SAVING IN your 3
Page 19 and 20: With over 160 seminars, QSuper is c
Page 21 and 22: Cathy Head is a Superannuation Offi
Page 23 and 24: FINANCIAL HIGHLIGHTS AND SUMMARY QS

[PDF] Super Scoop 2001 - QSuper - Queensland Government

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?