Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
| Before 1 October 2024 | From 1 October 2024 |
| MSCI World (ex-Australia) Index (net dividends reinvested), hedged into Australian dollars. | MSCI World (ex-Australia) with Special Tax (100% hedged to AUD). |
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 2024.
| Before 1 October 2024 | From 1 October 2024 |
| 7 years | 10 years |
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 Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
| Before 1/10/2024 | Effective 1/10/2024 |
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 |