[PDF] Super Scoop 2001 - QSuper - Queensland Government

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How have investments shaped up over the last 12 Members with an Accumulation account are able to choose between five investment options. Of course, if you have a Defined Benefit account, your benefits are not affected by investment returns. In short, it has been a year of subdued returns. To look at the general picture though, the lower returns for the 2000/2001 year were largely caused by lower performance from share markets around the world. In the long run, share market investments give good returns, but there can be some sharp rises and falls along the way. While the results for this financial year are down on previous years, this outcome is not surprising if we look at the history of investments over the past 100 or so years. History also suggests that switching to more conservative investments after a market fall may not be the best thing to do. It is important to consider how long you intend to have your funds invested and to stick to your long-term plans and goals unless your circumstances suggest a need to change. months? by Gary Wilkinson QSuper Trustee Gary Wilkinson talks about investment returns over the last 12 months. Gary Wilkinson is the General President of the Queensland Police Union and has been a QSuper Trustee since 1997. He is a member of the Board of the Police Federation of Australia. Away from work, Gary enjoys boating and fishing. On the plus side, during the 2000/2001 year, QSuper’s investment manager, Queensland Investment Corporation (QIC), cushioned the effect of overseas share market returns by outperforming these markets. QIC’s goal is to produce consistent, solid returns and, on a long-term basis, QIC compares very favourably with competitors. In summary, the 2000/2001 year has shown us the volatility markets can be subject to. But, it also reminds us not to over-focus on short-term results and to stick to our plan to achieve long-term goals. • OBJECTIVE NET RETURNS * ASSET CLASSES Allocation 30/6/2001 Cash 100% Australian fixed - interest International fixed - interest Property - Australian shares - International - shares To credit members’ accounts, over 1 year periods, with an average return of 0.5% p.a. below the cash rate after administration fees, but before tax. 2000/2001 4.86% 5.89% 1999/2000 - - 1998/1999 - - 1997/1998 - - 1996/1997 - - Compound 4.86% 5.89% average p.a. (since introduced) Cash Returns 2000/2001: Accumulation account 4.86% Allocated Pension account 5.89% • This option has a 100% allocation to cash. • Despite an environment of falling interest rates, especially over the latter half of the 2000/2001 year, returns from cash investments were solid. Accumulation account Allocated Pension account 6 SUPERSCOOP Data on asset allocation and past returns is provided where the option has an investment history. Net returns are for a member who remained in the option for the entire year and made no transactions, and is net of fees and tax. QSuper 2001 Annual report to members
Cash Plus Returns 2000/2001: Accumulation account 5.26% Allocated Pension account 5.90% • This option has a 30% neutral allocation to shares. The lower returns for 2000/2001 were largely caused by the lower performance of share markets around the world. • This option gained from solid returns from the property and fixed interest asset classes, and the option’s 53% neutral allocation to cash enabled it to benefit from the stable investment returns from cash. Balanced with Reserves Returns 2000/2001: Accumulation account 4.84% Allocated Pension account 4.60% • This option has a 60% neutral allocation to shares. The lower returns for 2000/2001 were largely caused by the lower performance of share markets around the world. The option benefited from solid returns during the year from the property, fixed interest and cash asset classes. • This option was invested in the same way as the Balanced option, but net returns were affected by transfers to/from the investment reserve (page 10). ASSET CLASSES Allocation ranges Allocation 30/6/2000 Allocation 30/6/2001 ASSET CLASSES Allocation ranges Allocation 30/6/2000 Allocation 30/6/2001 Cash 48% - 65% 52.2% 50.4% Australian fixed 6% - 10% 8.0% 7.7% interest International 0% - 10% 3.3% 3.9% fixed interest Property 2% - 8% 6.2% 6.6% Australian shares 16% - 22% 19.2% 19.3% International 5% - 17% 11.1% 12.1% shares OBJECTIVE Cash 1% - 26% 5.9% 1.9% Australian fixed 13% - 19% 15.7% 15.3% interest International fixed 0% - 18% 6.4% 7.6% interest Property 5% - 15% 12.2% 13.0% Australian shares 35% - 41% 37.9% 38.3% International 12% - 32% 21.9% 23.9% shares OBJECTIVE To credit members’ accounts, over 3 year periods, with an average return of cash + 0.75% p.a. after administration fees, but before tax. To credit members’ accounts, over 5 year periods, with an average return of cash + 1.5% p.a. after administration fees and transfers to/from the reserve, but before tax. NET Accumulation Allocated VPP RETURNS * 2000/2001 account Pension (closed) account option 5.26% 5.90% 4.91% 1999/2000 8.68% 8.84% 8.33% 1998/1999 6.32% 6.86% 5.97% 1997/1998 7.01% 7.01% 6.64% 1996/1997 13.10% 13.10% 12.75% 5 year 8.04% 8.32% 7.69% compound average p.a. NET Accumulation Allocated RETURNS * 2000/2001 account Pension account 4.84% 4.60% 1999/2000 12.00% - 1998/1999 9.75% - 1997/1998 10.00% - 1996/1997 17.20% - (commenced 17/7/2000) 5 year 10.69% 4.60% compound average p.a. * Net earnings are reflected in the unit price declared for each of the options. QSuper 2001 Annual report to members SUPERSCOOP
Page 1 and 2: QSuper 2001 Annual report to member
Page 3 and 4: QSuper Board of Trustees Standing (
Page 5: and all points in between. The occu
Page 9 and 10: Every tool you need to build a secu
Page 11 and 12: “With QSuper I can choose between
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

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