Investment returns can be both positive and negative. However, over the long term, investment returns typically help your account balance grow. It’s important to understand how returns are applied to your account, when they are displayed on your transaction listing, and the fees and taxes you pay on your earnings.
How investment returns are applied
Find out more about how investment returns are applied, including an overview of crediting rates.
A crediting rate is the rate of return the Trustee determines to apply to an investment option.
We calculate interim crediting rates daily using information available at the time, and they are applied to your Flexi Pension each day. You can see an estimate of your account balance based on the available crediting rates at any time by logging in to your account.
To see your total investment returns per calendar month, you can check your transaction listing, which is updated monthly to show the previous month’s investment earnings.
Your transaction listing is generally updated with investment returns on the second working day of the month.
However, following the end of a quarter, you’ll generally see the previous month’s investment returns later than usual.
This is because at the end of each quarter, we calculate a final crediting rate that takes additional information into account (like recent valuations of unlisted assets). This process takes approximately three weeks.
||When monthly investment returns appear on your transaction listing
||2nd working day in February
||2nd working day in March
||3rd week in April (approx.)
||2nd working day in May
||2nd working day in June
||3rd week in July (approx.)
||2nd working day in August
||2nd working day in September
||3rd week in October (approx.)
||2nd working day in November
||2nd working day in December
||2nd week in January (approx.)
Your investment returns
Your benefit statements for the six-month periods ending 30 June and 31 December will show the investment returns applied to your account for January to June, and July to December respectively.
See how your investment options are performing
Fees and taxes
Investment fees, with other indirect costs (referred to as Indirect Cost Ratios, or ICRs), relate to the cost of managing each investment option but do not include account-based fees. We deduct these fees and costs from the assets of the Fund and from each of our investment options. They are expressed as percentages of the total average net assets in a particular investment option.