Our default options
You can choose to nominate or change your investment option(s), generally at any time.
If you don't choose an option, the Growth option is the default option where your money will be invested.
However, even if you have made an investment choice or your benefit is invested in the Default investment option Growth, there are some exceptions that apply:
- Withdrawals will be taken from your Growth option until exhausted, then from Balanced, then Conservative, then Cash Enhanced until each is exhausted and then finally from Cash. Alternatively, when you withdraw you can specify the amount to be taken from each investment option on the withdrawal form.
- Death benefits will be invested in the Cash option once we receive a copy of your Death Certificate. Only once the benefit recipients have been determined by the Trustee may they change this option.
- Benefit splits under the Family Law Act will be invested in the Cash option, unless the non-member spouse has an existing Maritime Super membership or advises another option.
Outside these circumstances, when benefits are moved between categories or divisions in Maritime Super, they will retain their existing investment option(s)*.
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The exception is for Permanent(Defined Benefit) members in the Stevedores division when their benefits are transferred to the Retained Benefits category. In this circumstance,
their benefits are invested in the Conservative option. However, if they elect to transfer to the Accumulation Plus category, their benefits will be reinvested according to their future contribution strategy for their Voluntary Accumulation account. New pensioners who do not make a new investment choice will have their pension invested in their existing future contribution strategy until they advise of another option. |