 |
| |
|
Message from the CEO |
Welcome to the October edition of Cbus Sponsor News.
Cbus has got off to a strong start this financial year, with the latest investment returns for the default option Growth (Cbus Choice) reporting a healthy year-to-date return of 4.26%*. This brings to 10.64%* the rolling one year return rate for Growth (Cbus Choice). More information on Cbus’ investment returns can be found in the investment returns section on the right hand side of this newsletter.
I’m pleased to report that Cbus has hit $20 billion funds under management mark for the first time. Cbus now has over 680,000 members and over 80,000 employers.
Read more | | |
| |
| |
Annual Report 2011/12 |
|
| |
The Cbus Annual Report for 2011/12 was officially launched in September.
This year’s report provided greater transparency, enabling Cbus to remain at the forefront of disclosure not just in the industry fund network, but the wider superannuation industry.
Read more | | | | |
|
Productivity Commission Report |
|
|
|
The Commonwealth Government released the Productivity Commissions report into Default Superannuation in Modern Awards on October 12.
To view Cbus’ submission to the draft report click here.
To view the Productivity Commissions final report click here.
The Government will provide a response to the report in the near future, we will keep you updated of its progress. |
  |
|
|
|
|
Annual Benefit Statement |
Member Annual Benefit Statements (ABS) for 2011/12 were mailed to all members over the period 17 September to 19 October.
The ABS contains information on how Cbus performed and how their super is growing. The ABS also included comparisons of lump sum withdrawals and Income Stream Payments using different strategies to increase savings for retirement.
Included with the ABS pack was a ‘Snag a Barbie’ campaign insert inviting members to give their consent to Cbus to search for other super monies in their name and eligibility to enter the competition.
|
| |
| |
| |
| |
Employer Record of Contributions |
|
| |
Cbus employers will have received their annual Record of Contributions (ROC) in the first week of September which lists all superannuation payments they made for the 2011/12 financial year.
Read more | | | | |
|
Financial Planning |
|
|
|
We are pleased to announce the introduction of the Cbus Financial Planning Support Service. This service enhances the collaboration between our phone advisers and our face-to-face financial planners.
Read more | | |
|
Cbus Property Pilot Project |
We are undertaking a pilot communications project at the new Cbus Property development at 720 Bourke Street in Melbourne.
The project will be highlighting the value Cbus Property adds to Cbus members through its investment returns and the direct and indirect creation of thousands of jobs.
Read more | | |
| |
|
|
| |
|
|
| |
|
Voice contracts |
The Cbus voice contract system has been successfully in use for well over a year now, with some fantastic results.
As at 31 August 2012, we have recorded 9,359 voice contracts with an average of 23 voice contracts a day. Prior to the introduction of voice contracts the average transaction took approximately 13 days, whereas now the same transaction only takes around 2-3 minutes!
This is a great time-saving service for our members and employers and Cbus hopes to increase the number of voice contract services in the future. |
| |
| |
|
|
| |
|
Cbus television campaign |
|
| |
Cbus will be returning to television screens this November!
As part of a greater growth strategy, we are launching a new television campaign based on the concept of an all-inclusive Fund for everyone working in building and construction – tradies, apprentices, miners, architects, office staff, just to name a few. Cbus is the fund for all of ‘us’.
Production of the advertisement is currently underway so keep an eye out for Cbus on a television screen near you!
Information will also be available on the Cbus website from Monday 12 November. |
|
|
|
|
| |
|
| |
|
