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make your life a Directory SuperLife’s KiwiSaver scheme January 2015 SuperLife Limited promotes the superannuation scheme “SuperLife” (AS/1068) registered under the Superannuation Schemes Act 1989 (“SLSS”) and the KiwiSaver scheme “SuperLife” (KSS 10022) registered under the KiwiSaver Act 2006 (“SLKS”). Individually, they are referred to as SLSS and SLKS, and jointly as “SuperLife”. SLKS invests in SLSS. The people and organisations involved with SLKS include: External advisers and managers Trustee The organisations assisting in the management include: Public Trust The solicitor to the Trustee is Philips Fox. The custodian is SuperLife Nominees Limited, a subsidiary of Public Trust. Auditor PricewaterhouseCoopers (PwC) Investment consultant MCA NZ Limited Manager SuperLife Limited Directors: Michael Chamberlain & Owen Nash. SuperLife Limited is also the promoter and the issuer. Investment manager Ultimate investment managers/brokers of SLSS Cash Fund - Nikko Asset Management New Zealand Limited New Zealand Bonds Fund SuperLife Trustee Limited, as trustee of SLSS Directors: Grant Niccol, Michael Littlewood & Brian Nowell. - Nikko Asset Management New Zealand Limited Overseas Government Bonds Fund - State Street Global Advisors, Sydney The Solicitor to the Trustee is Bell Gully. Overseas Non-Government Bonds Fund SuperLife Trustee Limited has appointed SuperLife Limited as the day-to-day investment manager. - SuperLife Limited Property Fund Directors: Michael Chamberlain & Owen Nash. - SuperLife Limited is appointed to be the overall investment manager. SuperLife Limited has appointed MCA NZ Limited as the investment consultant, MCA selects, appoints and monitors external investment managers and brokers, as appropriate. SuperLife Trustee Limited is independent of SuperLife Limited and MCA. - Forsyth Barr Australian Shares Fund - Forsyth Barr State Street Global Advisors Australia Limited Overseas Shares (Unhedged) Fund PO Box 5067 Wellington 6145 - 0800 37 14 71 State Street Global Advisors Australia Limited Emerging markets Fund - SuperLife Limited PO Box 8811 Symonds Street Auckland 1150 Vanguard Investments Australia Limited SSgA and Blackrock (through iShares) Somerset Capital Management CLP Gemino Fax (09) 375 9800 or 0800 27 87 37 (09) 375 9801 Email: [email protected] SuperLife Trustee Limited - New Zealand Shares Fund - Public Trust Phone Forsyth Barr for Australasian listed trusts Vanguard Investments Australia Limited for global property trusts Overseas Shares Currency Hedged Fund Contact details Phone State Street Global Advisors, Sydney Vanguard Investments Australia Limited as for SuperLife Limited - Forsyth Barr SuperLifesmartFONZ - Smartshares Limited SuperLifesmartMOZY - Smartshares Limited Ethica - Forsyth Barr SuperLife Limited PO Box 8811, Symonds Street, Auckland 1150 www.SuperLife.co.nz 0800 27 87 37 [email protected] make your life a Fees SuperLife’s KiwiSaver scheme January 2015 Fees to SuperLife Limited While you are a member of SuperLife’s KiwiSaver scheme (“SLKS”), SuperLife Limited charges an administration fee made up of a dollar fee and a percentage of assets. 1. Dollar fee The administration fee is a net $33 a year. This fee is deducted from your KiwiSaver Account at the rate of $2.75 a month, normally around the first of each month. The equivalent gross fee is paid to SuperLife Limited. 2. Percentage of assets fee The percentage of assets fee charged is 0.2% p.a. of assets. This is deducted off the investment return before the return is credited to your KiwiSaver Account and the fee is paid to SuperLife Limited. SLKS. The trustee of SLSS, in turn, has appointed SuperLife Limited as the investment manager and SuperLife Limited has appointed MCA NZ Limited as the investment consultant. The investment management fees are the fees of SLSS - no investment management fees are deducted directly from the SLKS. The investment management fees are the fees agreed between the ultimate investment managers and SuperLife Limited. These fees will change should SuperLife Limited agree alternative fees with an investment manager. The current effective investment management fees charged for the investment management of the assets of SLKS are in Table 1. Table 1 Investment option Investment fee (% p.a. of assets) Single sector Funds Changing fees Under the trust deed, the Manager can change the administration fees by advising the trustee. Trustee costs The Trustee costs are the actual costs incurred for the provision of Trustee services. Currently, these are 0.03% p.a. of assets plus the legal and other costs incurred by the Trustee. These costs are deducted off the investment return before the return is credited to your KiwiSaver Account and the fee is paid to the Trustee or the Trustee’s advisers as appropriate. Investment management Cash NZ bonds Overseas government bonds Overseas non-government bonds Property (approx.) NZ shares Australian shares Overseas shares currency hedged Overseas shares (unhedged) Emerging markets (approx.) Gemino SuperLifesmartFONZ SuperLifesmartMOZY UK Cash (approx.) UK Income (approx.) UK Growth (approx.) 0.30% 0.33% 0.34% 0.38% 0.40% 0.40% 0.40% 0.36% 0.35% 0.81% 0.70% 0.40% 0.40% 0.30% 0.60% 0.70% Managed Funds Ethica (approx.) SuperLifeIncome SuperLife30 SuperLife60 SuperLife80 SuperLifeGrowth 0.50% 0.34% 0.37% 0.39% 0.41% 0.44% Variable Mixes SLKS implements the investment option decisions of its KiwiSaver members, by investing in the equivalent investment option under SuperLife’s superannuation scheme (“SLSS”). This is a separate registered superannuation scheme that is part of the SuperLife offering, the trustee of which acts as the investment manager for AIMFirst Home & AIMmyFutureFund 0.30% the D fund 0.34% smartConservative 0.32% smartBalanced 0.36% smartGrowth 0.40% Note: As the investment strategies for the Mixes and Managed Funds will vary from their benchmarks, the actual fees will vary from those shown. Those shown are the expected average fee over the long-term. SuperLife Limited PO Box 8811, Symonds Street, Auckland 1150 www.SuperLife.co.nz 0800 27 87 37 [email protected] make your life a The gross before-tax returns, net of the investment management fees in the table, are credited to SLKS. Tax is then deducted and the net-of-tax return is credited to your KiwiSaver Account. Other costs The external costs of SLKS (e.g. regulatory and compliance costs such as audit, the FMA fees etc.) are also be deducted from the assets. The costs of bank fees and brokerage are met from the investment returns before the net return is credited to your KiwiSaver Account. In addition, SuperLife Limited has the right to charge a transaction fee (up to $100) for a transfer to another KiwiSaver scheme or a benefit payable on financial hardship grounds, permanent emigration etc. Currently, SuperLife Limited has decided that no transaction fees will be imposed for hardship and permanent emigration benefit payments. Transfer transaction fees of $100 are imposed on transfers and payments to other KiwiSaver schemes. SuperLife Limited PO Box 8811 Symonds Street Auckland 1150 SuperLife Limited PO Box 8811, Symonds Street, Auckland 1150 www.SuperLife.co.nz 0800 27 87 37 [email protected]