Generations Personal Super and Personal Pension
- Generations Personal Super is a simple and convenient way to save for your retirement. It provides a single access point to a broad range of investment options that allow you to diversify your investments while the Summit platform manages the administration of your superannuation benefits.
- Generations Personal Pension has been designed to provide you with an income in retirement in a simple and easy to understand package.
Members of Generations Personal Super Plan can move into the Generations Personal Pension Plan without the need to sell assets.
Generations offers four types of investment options:
- multi-manager diversified - active
- multi-manager diversified - index
- multi-manager sector
- single manager.
The attached Product Disclosure Statement (PDS) includes information about the key features, fees and how to invest/withdraw.
The attached Generations Investment Options PDS provides information about the range of investment options available to you and should be read in conjunction with the Generations Personal Super and Personal Pension PDS. Please note as at 13 March 2012 the Alliance Growth Australian Equity investment option is closed to applications.
Vanguard reduces management costs – 1 August 2012
As part of our commitment to keep you informed, the following table briefly outlines recent changes made by Vanguard Investments Australia to the management costs of the following funds available through Generations. These changes are effective 1 August 2012.
Generations Investment option name
|Management cost (pa)||Management cost (pa) after fee rebate *|
|Vanguard International Shares Index|
|Vanguard International Shares Index (Hedged)|
|Vanguard Australian Shares Index|
* The management cost after the fee rebate applies to certain Generations clients only. Please refer to the fee rebate section of the Investment Options PDS for further information.
|Download the product disclosure statement (PDS) and |
|Download the Investment Options PDS|
Financial protectionYou may wish to consider an appropriate level of insurance to financially protect you and your family in the event of the unexpected.
Generations offers you the award-winning AMP Elevate insurance that provide a comprehensive range of affordable and flexible insurance options which you may include within the tax-effective framework of your super/pension account:
- Life and Total and Permanent Disability
Speak to your financial adviser today to find out more about the insurance options available to you.