Growth/defensive split changes
We made changes to the Growth/Defensive split on 1 October 2025. All changes are bolded with the previous values in brackets.
| Asset Classes | % |
| Australian Shares | 50 |
| Global Shares | 67 |
| Private Equity | 7 |
| Property | 3 |
| Infrastructure | 3 |
| Alternatives | 0 |
| Fixed income – credit | 0 |
| Fixed income – diversified | 0 |
| Cash | 0 |
| Gearing | (30) |
| Growth | 130 (129) |
| Defensive | 0 (2) |
Change to Standard Risk Measure (SRM)
SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The SRM is used to help members compare investment risk across investment options. The change at 1 October 2025 was as follows:
| Before 1/10/2025 | Effective 1/10/2025 |
High (6) Estimate of 4 to 6 negative annual returns in any 20 year period |
Very High (7) Estimate of 6 or more negative annual returns in any 20 year period |
Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2025.
| Before 1/10/2025 | Effective 1/10/2025 |
| 6 years | 7 years |