Investment Update - Effective 1 June 2025
A Message From The
CERS Trustee
Please note some changes will be implemented to your
investment options with effect from 1 June 2025
-
The default
Lifestyle Strategy for members is being changed to the CERS ARF Lifestyle
Strategy.
- The structure of the CERS ARF Lifestyle Strategy and the
CERS Standard Lifestyle Strategy (which is now being renamed the CERS Annuity
Lifestyle Strategy) are being updated.
- A new Lifestyle Strategy option will be available to
members – CERS Cash Lifestyle Strategy.
1. THE DEFAULT
LIFESTYLE STRATEGY IS BEING UPDATED TO THE CERS ARF LIFESTYLE STRATEGY
Currently, your default Lifestyle Strategy is the CERS
Standard Lifestyle Strategy. This strategy aims to cater for members who expect
to use a proportion of their retirement savings under the Arrangement to take a
tax-free cash lump sum and the remainder as an income for life (an Annuity).
From 1st June 2025, your default Lifestyle Strategy will
automatically change to the CERS ARF Lifestyle Strategy. This strategy aims to
cater for members who expect to use a portion of their retirement savings under
the Arrangement to take a tax-free cash lump sum and invest the balance in an
ARF.
2. THE STRUCTURE OF
THE LIFESTYLE STRATEGIES ARE BEING UPDATED
The structure of the CERS ARF Lifestyle Strategy is being
updated.
Following a detailed review of the structure of the CERS ARF
Lifestyle Strategy, the Trustee have decided to change the endpoint mix of
assets to 65% CERS Multi Asset Fund and 35% CERS Cash Fund.
While the Standard Lifestyle Strategy continues to be available for members to select if they so wish, the structure of the strategy is also being updated, and the strategy will be renamed the CERS Annuity Lifestyle Strategy.
Following a detailed review of the structure of the CERS Annuity Lifestyle Strategy, the Trustee have decided to change the endpoint mix of assets to 50% CERS Cash Fund and 50% CERS Bond Fund.
3. A NEW LIFESTYLE STRATEGY IS NOW AVAILABLE TO MEMBERS –
CERS CASH LIFESTYLE STRATEGY
Similar to the other two lifestyle strategies, this strategy
is designed for people who want their retirement account to be invested
automatically, with the investment mix automatically moving towards
conservative assets at retirement. The CERS Cash Lifestyle Strategy targets
100% cash at retirement.
View short explainer video here.
Download the CERS Investment Instruction Form here.