CHANGING YOUR INVESTMENT

Choosing how your money is invested and an appropriate investment strategy for your needs may make a difference to achieving your savings goals.

Press 'Edit' on the Investments page to update your Current Investments.

By clicking on the investment fund option name you will find out more about that investment fund. Each investment fund is assigned a Risk Indicator.

Managed funds in New Zealand must have a standard risk indicator. The risk indicator is designed to help investors understand the uncertainties both for loss and growth that may affect their investment. You can compare funds using the risk indicator.

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. Additional details about risk indicators and some of the risks of investing can be found in the Product Disclosure Statement.

Note that even the lowest category does not mean a risk-free investment, and there are other risks that are not captured by this rating. Additional details about risk indicators and some of the risks of investing can be found in the Product Disclosure Statement for your scheme in the Documents section.

The risk indicator is not a guarantee of a fund’s future performance. The risk indicator is generally based on the returns data for the last five years or a combination of market index and actual returns (where applicable). Please note risk indicators do shift from time to time. You can see the most recent risk indicator in the latest fund update for the relevant fund.

Some of the things that may cause the fund’s value to move up and down, which affect the risk indicator, are:

• investment portfolio and asset class risk,
• market risk,
• currency risk and interest rate risk.

You should check you are comfortable with the risks and potential losses associated with your chosen investment fund.

Making investment fund changes

By changing your investment fund you are choosing for your current balance to be transferred into that fund, as well as where your future contributions will be invested in.

Assets shown do not include any withdrawal fees that may be payable if you leave us. This means that there may be a difference between the assets shown on the Investments page and the totals on the Account Balance page.

Important note: Before making any changes to your investment strategy, you should speak with an authorised financial adviser.