Transfer Guide UGL Limited Staff Superannuation Plan transferring to the CIMIC Group Superannuation Plan It s our goal to help you to reach your retirement savings goals by supporting you to take control of your financial future. About Plum Super Plum Super is one of Australia s leading corporate super products and is part of the MLC Super Fund which is part of the NAB Group of companies. With 1.2 million members and more than $75 billion in assets, the MLC Super Fund is now one of Australia s largest retail super funds. Moving to CIMIC Group Superannuation Plan UGL Limited (UGL) has recently reviewed your super and insurance benefits, currently provided in the UGL Limited Staff Superannuation Plan (UGL Plan), a plan in the Mercer Super Trust. Following this review, UGL has arranged for your benefits to be transferred from the UGL Plan to the CIMIC Group Superannuation Plan (CIMIC Plan) an employer plan in Plum Super. Plum Super offers a range of features and services to make your money work harder for you In Plum Super, you ll have access to: competitive fees an extensive range of investment options insurance cover with competitive premiums and the ability to transfer cover education programs financial advice online, over the phone or in person complimentary super consolidation service to easily bring your super together an annual benefit statement the option to open an account-based pension. We have agreed with the UGL Trustee that your rights in relation to benefits (as a whole) in the UGL Plan will be at least equivalent in the CIMIC Plan. The transfer is expected to occur on 1 August 2018. You don t need to do anything for the transfer to occur, however this document does include some actions you might want to consider. We ll provide you with more information later on how you can get the most out of your super. 1 of 5
Transferring your existing benefit entitlements Your final benefit entitlements in the UGL Plan will be calculated at the transfer date, effective 1 August 2018 and will transfer to the CIMIC Plan. We ll send you a welcome kit by the end of August 2018 with confirmation of your CIMIC Plan membership and your benefits transferred. After you receive your welcome kit, you ll be able to access your account online and switch your investments at any time. Your investments We ll automatically invest your account balance and any future contributions in the investment option that best fits your investment option in the UGL Plan. On completion of the transfer you ll be able to review which investment option(s) your account was transferred to. For more information on which Plum Super Investment option(s) your previous account is being transferred to, please refer to the Investment mapping section on page 4. You ll have access to an extensive range of investment options should you wish to review your investment selection once you become a member of the CIMIC Plan. Your insured benefits On transfer, the basis for calculating your standard insurance benefits will not change, however: Fixed total and permanent disablement (TPD) cover will reduce after you turn age 61 to the following percentages of your cover at age 60: Age TPD cover amount 60 100% 61 80% 62 60% 63 40% MLC Limited is the insurer for the CIMIC Plan, and different premium rates and terms and conditions may apply. After the transfer is complete, your welcome kit will confirm your insurance cover in the CIMIC Plan. Beneficiary nominations in super Take the opportunity during this transfer to review your beneficiary nominations. Please note that if you currently have a binding death benefit nomination, this will transfer to the CIMIC Plan as a non-binding nomination and you ll need to complete a new binding death benefit nomination form with Plum Super after the transfer date. Temporary restrictions on your account To make the transfer as smooth as possible, there ll be a period before and after the transfer when you won t be able to make transactions on your account or change your personal details. This period is expected to be from 25 July to 15 August 2018. Benefit payments may also be delayed during this period and if possible you should try and avoid submitting applications for partial or full payment of your superannuation benefits. You ll be able to switch your investments up until 24 July 2018 in the UGL Plan. This date was confirmed with the UGL Plan. They will process any requests received up to and including the 24 July 2018. Post 24 July, requests will be forwarded to Plum to process. Splitting concessional contributions with your spouse If you intend to split contributions you ve made in the UGL Plan for the financial year 2018-2019 or the previous financial year, you ll need to contact the UGL Plan and obtain a contribution splitting form. You ll need to return the form to the UGL Plan by close of business on 24 July 2018. Please note that when your benefit entitlements are transferred to the CIMIC Plan, you won t be able to split your concessional contributions made to the UGL Plan. 64 20% 65 Nil Voluntary insurance for members employed on a casual basis will change from being age based units of cover to being a nominated amount of cover.
Key dates Some key expected dates and planned activities during the transfer include: May 2018 Attend an information session on the new arrangements presented by a Plum Super representative. More details will follow. 24 July 2018 Last date for UGL Plan to receive investment change requests and concessional contribution splitting forms. Splitting of contributions made to the UGL Plan cannot be completed after this date. 25 July 2018 to 15 August 2018 A restricted processing period will apply during transfer of member data. Delays to processing of some transactions may occur during this period. 1 August 2018 You commence membership in the CIMIC Plan. 16 August 2018 You ll be able to make changes to your investment options and you ll be able to complete a binding death benefit nomination. To make changes to your investments options before you receive your welcome kit, please call us. Before the end of August 2018 We ll send you a welcome kit with confirmation of your transferred balance amount and insurance entitlements, as well as where you can access a PDS which sets out the features and benefits of the CIMIC Plan. How to find out more: Attend an information session Plum Super representatives will be running information sessions on the new arrangements. More details will follow. Go online We have a dedicated transfer portal that provides introductory information on the CIMIC Plan and key transfer information. You can visit the site right now at plum.com.au/ugl Phone Prior to 1 August, any existing benefit enquiries should still be directed to the UGL Plan. From 1 August you can contact us on 1300 55 7586 between 8am and 7pm AEST (8pm daylight savings time) Monday to Friday if you have any questions regarding the transfer or the services provided by Plum Super. We can assist with specific benefit enquiries once your account has been fully transferred to Plum Super and verified on our systems. Email In the meantime, if you have any questions about the transfer, please email CIMIC@plum.com.au 3 of 5
Investment mapping We ll automatically invest your account balance and any future contributions as shown in the table below. Your investment option in the UGL Plan Your Plum Super investment option in the CIMIC Plan Your investment option in the UGL Plan Your Plum Super investment option in the CIMIC Plan Mercer SmartPath Mercer Diversified Shares Mercer High Growth Mercer Growth Mercer Moderate Growth Mercer Conservative Growth Mercer Cash Mercer Select Growth Mercer Plus Shares Plus (Unhedged) Mercer Income Plus Mercer Core Shares Growth Shares Value Shares Small companies Shares (Unhedged) Mercer Hedged Overseas Shares Small Companies Mercer Global Low Volatility Shares MySuper Pre-Mixed Aggressive Pre-Mixed Assertive MySuper Pre-Mixed Cautious Pre-Mixed Cautious Pre-Mixed Conservative Small companies Mercer Emerging Markets - Emerging Markets Mercer Property Listed Property Australian Property Listed Property Mercer Global Listed Infrastructure Mercer Diversified Alternatives Mercer Fixed Interest Sovereign Bonds Sovereign Bonds Mercer Term Deposit Mercer Socially Responsible Shares Mercer Socially Responsible Growth Indexed Diversified Shares Indexed Indexed Overseas Shares Enhanced Indexed Growth Enhanced Indexed Conservative Growth Non Mercer Growth - Multi-Manager Style - Multi-Manager Style - Core Style - Value Style Non Mercer Conservative Shares ETFs Term Deposits Diversified Fixed Interest Australian Fixed Interest International Fixed Interest Ethical Ethical 50% Index 50% Index (Hedged) Index Index Moderate Index Plus Cautious Index Plus Pre-Mixed Assertive Pre-Mixed Conservative
Contact us From 1 August please call us on 1300 55 7586 between 8am and 7pm AEST (8pm daylight savings time), Monday to Friday. Postal address Plum Super GPO Box 63 Melbourne VIC 3001 Registered office Plum Super Ground Floor, MLC Building 105 153 Miller Street North Sydney NSW 2060 NULIS Nominees (Australia) Limited ABN 80 008 515 633. Part of the National Australia Bank Group of Companies. An investment with NULIS Nominees (Australia) Limited is not a deposit or liability of, and is not guaranteed by, National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 (NAB). NAB does not guarantee or otherwise accept any liability in respect of this product. A141678-0518