Welcome to our new-look website

You may have noticed that we've made some changes to our website. This is to ensure our members, employers and anyone else visiting our site can find what they need, quickly and easily.

Find out more here.

Intrust Super wins Best New Innovation Award

We are very pleased to announce that Intrust Super has won this year's SuperRatings Best New Innovation Award for our Online Super Transfer Form, which allows members to find their lost super and then consolidate all of their accounts in one easy step.

We were also a finalist for this year's Super of the Year Award, recognising us as one of the top 10 super funds in the country.

Find out more here.

Core Super changes to unitisation

From 1 December 2011, the method for valuing investment options in our members' Core Super accounts will change from a crediting rate to unit pricing.

This will not affect your benefit with Intrust Super, but will mean that your account balance and transaction details will be expressed as units as well as dollars.

Under the unit pricing method, units will be priced each week, which will allow us to provide members with more up-to-date information about their account balances.

Find out more here.

Important information about the temporary flood levy

The federal government has introduced a Temporary Flood and Cycle Reconstruction Levy (flood levy) of up to 1% for the 2011/12 financial year only.

The flood levy will only apply to those with a taxable income of more than $50,000, unless you are exempt from paying the levy.

Find out more here.

Changes to strategic asset allocation benchmarks for the Balanced option

From 1 September 2011, the strategic asset allocation benchmarks for our Balanced (default) investment option have changed for the Core Super, Executive Super, Select Super and Super Stream products.

Find out more here.

Update on financial markets

Sharemarkets around the world have fallen sharply over the last week amid growing investor fears about a slowing global economy and Europe's ongoing debt crisis. The Australian market has not been immune and we have also experienced significant losses.

Intrust Super and our investment managers are closely monitoring the situation across all markets. The environment has been challenging, but we remain confident in our investment strategy and risk management processes.

While it may be tempting to move your money into less risky options such as cash during times of market volatility, most experts advise against this. Historically, the strongest market bounce backs have occurred following periods of significant downturns.

Read the full article here.

Intrust Super tackles industry's $18 billion in lost accounts

In a step that is likely to be followed by other super funds, Intrust has developed the online tool to help its members find their lost super and then consolidate all of their accounts in one easy online step..

This replaces the existing industry-wide practice where fund members must search for funds using one system and then laboriously fill out different forms for each account.

Chief Executive Officer Brendan O'Farrell said he believed the tool was the first of its kind in the industry and would clear away a key roadblock that was stopping many Australians from consolidating their accounts.

Read the full article here.

Corporate Partner of the Month

Having just kicked off our 3rd consecutive year of Corporate Partnership with the Bronco's Leagues Club, we were very excited to be nominated as the Broncos Corporate Partner of the Month!

As the major sponsor for the Intrust Super Cup (previously the Q Cup) we not only enjoy the sport but support the rugby league community and the future of the game as well.

Intrust Super is a not for profit super fund, so we were proud to forego the personal visit from the Broncos Players and offer this opportunity to the Mater Children's Hospital, which was thoroughly enjoyed by the kids.

We look forward to a long affiliation with Brisbane's iconic team - the Broncos.

PDS

In accordance with legislation we will be replacing our current Core Super Product Disclosure Statement (PDS) with a more concise 8 page version as of 1 July 2011. Click here to fill out an order form and we'll deliver the most-to-date version for your staff.

BUDGET UPDATE

The Budget provided little news on superannuation. The key impacts for superannuation include measures on:

• Securing super

• Freezing of co-contribution thresholds and maximum payment

• Confirmation of extension to contribution caps for over-50s

• Some relief from tax on excess concessional contributions

• Greater use of Tax file numbers

Intrust Super is once again supporting the NRA Young Retailer of the Year competition, being held on Wednesday the 27th of July at the Sydney Mercure Hotel.

The award has been a part of retail history for 38 years. It provides a national platform to recognise and reward excellence amongst young retailers under the age of 25, and promotes retailing as a career of choice for young people. It gives young retailers the chance to exhibit their retailing skills, and be recognised by their peers, the retail industry and the general community for their innovation, career achievements and outstanding performance in their stores.

The 2010 Young Retailer of the Year was awarded to Kaylee Albronda, a 21-year-old Myer Management Trainee based in Melbourne. "Winning the 2010 NRA Young Retailer of the Year Award was both a fantastic learning experience and an honour to be recognised in an industry that I am passionate about," Ms Albronda said. "To be the National representative for young retailers is a privilege."

If you would like to apply or for more information visit: http://www.nra.net.au/2011-young-retailer-of-the-year-event.html

 Member Rewards

An initiative to help our members get great benefits now - not just in retirement! We have recently upgraded our Member Rewards program with more unique and tangible benefits for our members. With the member in mind we've built specific programs that ensure value for money. These unique offerings are an extension of our ongoing commitment to providing exceptional services and benefits. We take retirement very seriously, but we also want our members to enjoy the benefits of being with Intrust Super right now, it's our way of thanking them for choosing us. We are talking about everyday things like discounted accommodation, home loans and travel, health and home and contents insurances to name a few. Click here for a full list of rewards on offer and see what you could take advantage of immediately!

Where can you get up to 100% return on your savings?

Thanks to the Federal Government's Co-contribution Scheme, you can boost your superannuation with up to an extra $1000 by simply putting in extra money yourself.

The government implemented the Scheme in 2003-04 to encourage Australians to make personal contributions to their superannuation, and many of us are taking advantage of this offer.

Impact of exchange rates

Our Aussie dollar moves up and down against the US$, Euro, Pound and Yen daily - but what does it all mean and how does it affect everyday Australians?

Are you really too young to think about super?

For people in their 50s and 60s, investing in superannuation is probably top of mind considering retirement is a lot closer. However, the decision for younger people to invest into super is quite different, as they may not get access to this money for many years - sometimes even several decades!