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Understanding SuperLife

Currently, over 37,000 New Zealanders trust SuperLife with their superannuation and KiwiSaver needs.
SuperLife has a single-minded focus, to make available what we consider to be the best superannuation and KiwiSaver vehicle. We focus on simplicity, flexibility, security and value. We believe that if we provide clear and simple information on investment and insurance options, our members can make informed decisions on what is best for their circumstances. By keeping fees low, it means that more of the returns are available for members. We want our returns to be explainable and transparent; we recognise that the only return that matters is the net-of-tax and net-of-fees return.
SuperLife’s philosophy is to deliver value to its members. We constantly check to see that the savings, investments, KiwiSaver and insurances we offer are both competitive and the best solutions for members.

Life insurance premiums

Working with AXA over recent months, we have reviewed the life insurance premiums. From 1 August 2011, members with AXA life insurances through SuperLife, on SuperLife’s standard rates, will see a 15% reduction in their premiums from that date. If you have insurance through SuperLife, you will receive a separate letter on the reduction and see the impact in your 30 September statement. Now might also be a good time to review your insurance to make sure you do not have too much or too little.

Investment markets

The investment markets over the March quarter were mixed with cash and bonds generally positive, and shares negative. On a relative basis, SuperLife continues to do well against both market indices and other schemes. The graph plots the after-tax three year returns of “balanced” options of the different schemes in the Eriksen Survey to 31 March 2011. SuperLife’s AIM60, Trustee60 and Ethica comprise the three bars to the right.

2011 Investment seminars

The next seminars are in Auckland (late July) and the Lower North Island region in early August (Palmerston North, Wellington, and Lower Hutt). The seminars have an education focus on how to “convert your capital into income in retirement”. They also include a general investment update. Details are on www.SuperLife.co.nz under “Seminars”. The seminars are free and you can bring a friend or a family member.

Buying your first home

To take money out of KiwiSaver to help buy your first home, you need to be in KiwiSaver for 3 years or more. Phone SuperLife on 0800 27 87 37 for a first home information pack.

Tax certificate and annual reports

SuperLife has recently sent all members their annual tax certificate and the annual reports for information purposes. Members are not required to do anything with them.

Your retirement & SuperLife

When you retire, you can continue to use SuperLife for your investments and to provide a regular income and take out other lump sums. It is a great way to manage your retirement
income needs. Members can see the full range of benefit payment options on www.SuperLife.co.nz/booklets/payment of benefits. See also the “Managed Income” article
on our SuperLife website.

myFutureFund

myFutureFund brings the advantages of SuperLife to children and complements KiwiSaver. It lets parents, relatives and friends save for a child’s future and teach them about money,
investing, compound interest and the markets.

For parents or relatives wanting to save for a child, it is often better than a bank savings account - more flexibility, more investment options and more control. It is an account that lets you make a difference to a child important to you. Contact SuperLife for a myFutureFund pack or go to www.myFutureFund.co.nz.

After-tax returns to 30 June 2011

Investment strategy - Trustee30 & Trustee60 Pools

The current overall allocations for Trustee30 & Trustee60 Pools are: