WE RE ONE OF AUSTRALIA S MOST AWARDED SUPER FUNDS 400,000+ MEMBERS 30+ YEARS EXPERIENCE $70+ BILLION FUNDS UNDER MANAGEMENT. Welcome to UniSuper

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1 Welcome tounisuper

2 1 Welcome to UniSuper WE RE ONE OF AUSTRALIA S MOST AWARDED SUPER FUNDS We ve won a string of awards and high ratings from Australia s top ratings and research agencies. These awards and ratings recognise funds that deliver the very best in investment performance, fees and member services. Don t just take our word for it SuperRatings, a superannuation research company, named UniSuper s Flexi Pension product Pension of the Year at its 2017 awards. The product has also achieved a 10-year Platinum Performance rating. Go to au for details of its rating criteria. SuperRatings doesn t issue, sell, guarantee or underwrite this product. Helping you, our members, enjoy exceptional outcomes in retirement underpins everything we do. Our commitment to providing great value, strong long-term performance and genuine care to the higher education and research communities spans more than 30 years. 400,000+ MEMBERS $70+ BILLION FUNDS UNDER MANAGEMENT 30+ YEARS EXPERIENCE Chant West awarded UniSuper Pension Fund of the Year in both 2017 and UniSuper was also awarded Best Fund: Advice Services in UniSuper s accumulation products have received a 5 Apples rating. For information about the methodology used, see Chant West has consented to the inclusion in this document of the references to Chant West and the inclusion of its logos in the form and context in which they are included. Melissa Mignone, University of Adelaide

3 Welcome to UniSuper YOU VE JOINED THE DEFINED BENEFIT DIVISION 4 You ve joined the Defined Benefit Division Your employer has determined that you re eligible to join our Defined Benefit Division (DBD). This means you ll be receiving generous employer super contributions of up to 17%. You can also make additional member contributions. Our DBD is different from most other super products available in Australia. And it s exclusive to UniSuper members. About the DBD With the DBD, your super is pooled together with other members super. This large pool provides greater protection from market downturns, as everyone shares the risk even during times of negative investment performance. Your super and other benefits are calculated based on a formula which reflects your age, years of service, how much you ve contributed and your salary over the last five years before you retire. This means your retirement outcome is more certain, regardless of a share market boom or bust. You automatically receive a form of insurance called inbuilt benefits which cover you if you become disabled, terminally ill, temporarily incapacitated or you die. These benefits are provided by UniSuper and are allowed for in the defined benefit formula. Our DBD has been specifically designed to support the higher education and research sector and is one of only a few defined benefit funds in Australia able to accept new members. Expected advantages of the DBD are: more stable and reliable growth over your working life retirement outcomes aligned to your salary growth and your standard of living increased certainty of what your benefit will look like at retirement greater protection from investment market ups and downs. Need more information? To find out all the detail about the DBD and Accumulation 2, read the product disclosure statement, available at unisuper.com.au/dbd-pds Dr Peter Moar, La Trobe University You ll also receive one unit of default death and total and permanent disablement cover, if you re eligible.

4 5 Welcome to UniSuper ACCUMULATION 2 6 You can choose to move to Accumulation 2 COMPARING THE TWO OPTIONS FEATURES AT A GLANCE DBD ACCUMULATION 2 CONTRIBUTIONS Generous employer contributions of up to 17% You can make 7% standard member contributions (after-tax) or reduce/remove them altogether if you re eligible (remember you can only make this choice once) If you don t think the DBD is for you, if eligible, you have two years from the date you joined to make the decision to move to Accumulation 2. We ll be in touch with a reminder about making a decision before your two years is up. Ability to make regular or one-off contributions or split super contributions with your spouse COMBINING YOUR SUPER Can accept transfers in from other funds INVESTMENTS Choice of how your super is invested Into or from your accumulation Into your accumulation For your accumulation About Accumulation 2 As the name would suggest, Accumulation 2 is accumulation-style super. With Accumulation 2, you re in more control of your super. Think of it like a bank account. You can: choose where to invest your super contributions in a way that suits you, from our range of 16 investment options easily monitor your account balance, because your account grows with contributions and is adjusted by investment returns (positive or negative), fees and taxes similar to a bank account If you choose Accumulation 2, any inbuilt benefits you had as part of your defined benefit will be bundled up and transitioned to external insurance cover. 1 Need advice? Our advisers offer financial plans and advice on super as well as a broad range of insurance, investment and retirement strategies and products. To find out more, call us on You can even choose how you get this advice over the phone or in person and what you get it on. The value of your super is directly determined by the performance of your investment options INBUILT BENEFITS Inbuilt benefits can be thought of as similar to death and disablement insurance, but they re built in to your defined benefits. 2 Inbuilt benefits are compulsory and determined by a formula. INSURANCE You receive one unit of death and TPD insurance cover automatically when you first join UniSuper, provided you meet the eligibility criteria. You can apply for more if you need it or opt out altogether. For your accumulation Inbuilt benefits cease if you choose to transfer to Accumulation 2. You ll received transitioned cover BENEFICIARIES Options when nominating beneficiaries for your death benefit ADMIN FEES You should read all the information about fees and costs in the applicable product guide to understand their impact on your account. Fees are allowed for in the formula used to calculate your benefit and aren t deducted directly from your account. Fees are deducted directly from your account 1 External insurance cover is provided by our Insurer and is subject to eligibility. Pre-existing condition (PEC) exclusions may apply. Read the What happens to your inbuilt benefits if you choose Accumulation 2? booklet available from unisuper.com.au/pds for more information. 2 In the event of temporary incapacity, disablement, terminal medical condition or death you may receive a disability benefit, if eligible.

5 7 Welcome to UniSuper YOUR JOURNEY 8 Your journey with UniSuper If you do transfer to Accumulation 2, you won t be able to change your mind and transfer back to the DBD If you don t transfer within 24 months, you ll stay a DBD member WELCOME! WELCOME TO UNISUPER CHOOSE BETWEEN DBD OR ACCUMULATION 2 (TWO YEARS) LIFE CHANGES NEED ADVICE? TRANSITION TO RETIREMENT ENJOY YOUR RETIREMENT You ve automatically joined the DBD Register for your online account Combine your super Review your insurance consider whether what you re automatically provided is enough DBD Accumulation 2 Read both the DBD and Accumulation 2 Guides Read our Choosing a style of super fact sheet Make an appointment with an on-campus consultant to discuss both options No doubt during the course of our partnership, you ll experience change new jobs, maybe starting a family, hopefully buying a home, possibly moving countries the options are endless The good news is, no matter what we re with you every step of the way With many years of experience helping our members meet their specific retirement needs, our advisers really understand how to help you plan for your retirement Approaching retirement and thinking about reducing your working hours but looking to retain your same level of income? You can use some of your super to open a transition to retirement Flexi Pension You ve worked hard all your life, now it s time to reap the rewards. We ll help you transition into this exciting and new phase of life

6 9 Welcome to UniSuper YOU RE IN THE RIGHT PLACE 10 You can be confident you re in the right place Our award-winning products, competitive fees and investment returns along with support to help you make smart financial decisions all contribute to making us a great choice in super. Here s why. Strong long-term returns We re a responsible investor We have a history of strong long-term investment performance and have regularly achieved returns that exceed industry benchmarks and averages. * Our team of highly experienced in-house investment specialists ensure that you benefit from some of the country's leading investment expertise. Competitive fees We re proud to be a profit-for-member fund. We don t charge exit fees, pay adviser commissions or shareholder dividends. And we re one of the lowest cost super funds in Australia giving you value for money, right where it matters most. We are an active owner and also seek to consider environmental, social and governance (ESG) factors as part of our investment decision making process. In addition to this, we provide for member choice and offer dedicated sustainable and environmental options which screen out a range of contentious sectors and seek to invest in companies that rate well from a sustainability perspective or address global environmental challenges. Advice and support, when and where you need it If super isn t your forte, you can rest assured knowing it s ours. From simple information and tools, through to guidance and comprehensive personal advice on your super we can help you make the most of your money through our education and advice services. Attend one of our seminars, listen to a podcast or watch one of our on-demand webcasts online we ve got the tools to help you simplify even the most complex aspects of super. We re also on-campus, bringing our services to where you need them. You can stay with us for life Now that you re in, you can stay with us as long as you like. When you joined UniSuper, you entered a partnership that can continue for life. You have access to more than just our super products we re here to support you throughout your working life and beyond, with super and retirement options to suit your needs. Like what you see? Your family can join UniSuper too Until recently, UniSuper was only open to people working in higher education or research.. but now there s Personal Accounts. Personal Accounts is an accumulation-style super product, which means your super balance grows through contributions and investment returns. You decide how you want to invest your super by choosing from our range of investment options. A suite of insurance options are also available to eligible members. Once you ve read the product disclosure statement, our online application takes just 10 minutes to complete and you don t need to make an initial contribution. Find out more at unisuper.com.au/join. * Past performance is not an indicator of future performance.

7 Prepared by: UniSuper Management Pty Ltd (ABN ), AFSL No on behalf of UniSuper Limited, ABN , AFSL No , MySuper Authorisation No the Trustee of UniSuper, Level 1, 385 Bourke St, Melbourne Vic UniSuper Management Pty Ltd is the Administrator of the Fund and is licensed to provide financial advice. This information is correct as at 1 October 2018 and is of a general nature. The information contained in this brochure is of a general nature and may include general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making decisions in relation to your UniSuper membership, consider your personal circumstances, the relevant product disclosure statement (PDS) for your membership category and whether to consult a licensed financial adviser. For a copy of the PDS for your membership category call or go to unisuper.com.au. Printed on environmentally responsible paper. CONTACT US WEBSITE unisuper.com.au enquiry@unisuper.com.au FAX UNISUPER ADVICE ADDRESS UniSuper Level 1, 385 Bourke Street Melbourne Vic 3000 Australia UNIS