Significant Event Notices

Timing of a Significant Event Notice (SEN)

Event	Timing
A change or event that does not relate to an increase to a fee or charge	As soon as possible, but not later than three months after the change or event occurs.
A change or event that does increase a fee or charge	At least 30 days before it occurs.

List of Significant Event Notices for the previous 5 years

Date issued	Members affected	Summary
11 December 2023	All members	Notification of: - introduction of new NGS Income account default investment strategy - changes to estimates of investment fees and costs - changes to investment options (risk of negative returns, risk band and risk label, minimum investment horizon, investment objectives) - changes to strategic asset allocation for pre-mixed options - change to investment description for Diversified Bonds reflecting a restructure of this option - introduction of Private equity asset class.	View details
27 September 2022	All members	Notification of change to: insurance costs, the Income Protection benefit payment period for most members, insurance terms and conditions, investment fees and costs, risk of negative returns, investment objectives, asset allocation and ranges. This SEN has been updated to include a correction to the Life/Terminal Illness and TPD cover rate figures in Table 8: Life, TPD and IP cover, on page 12.	View details
1 April 2022	Members invested in terminating options - Accumulation and Defined Benefit accounts - Transition to retirement accounts - Income accounts All other members	Notification of investment option closures, investment option changes (asset class names, risk of negative returns and risk ratings, objectives, asset allocation), Trustee fee, removal of family law fees, and legislation changes.	View details
11 March 2022	All members	Notification of amendment to trust deed and introduction of a trustee fee.	View details
14 February 2022	All TTR account members; All Accumulation account members invested in NGS Self-Managed Direct Investment Option (DIO) over age 55.	Notice to advise that from 19 November 2021, the Self-Managed Direct Investment Option (DIO) is no longer offered to TTR account members.	View details
27 August 2021	All members	Notification of change to: fees and costs, and investment options.	View details
15 June 2021	All Pension members (NGS Income account and NGS TTR account)	Notification of: reduced minimum drawdown on account-based pensions extension until 30 June 2022.	View details
1 March 2021	All members	Notification of change to: Fees and costs, and investment options.	View details
18 November 2020	All members	Notification of change to: daily unit pricing.	View details
28 May 2020	All members	Notification of change to: Diversified bonds investment option.	View details
30 April 2020	All Pension members (NGS Income account and NGS TTR account)	Notification of: reduced minimum drawdown on account based pensions.	View details
21 February 2020	All members	Notification of change to: fees, investment options and insurance premiums.	View details
24 April 2019	All members	Notification of change to: fees, investment option changes, insurance changes, other changes including merger with QIEC Super	Download 8 page SEN Download 10 page extended SEN
12 February 2019	Former QIEC Super members	QIEC Super & NGS Super are merging.	View Details
4 February 2019	Members invested in the NGS Self-Managed option	Further changes to the NGS Self-Managed option from 13 February 2019	View Details
2 January 2019	Members invested in the NGS Self-Managed option	Change of provider from Macquarie to OneVue.	View Details
14 September 2018	All members	Notification of change to: investment asset allocation.	View Details