Important Update - Repricing and Disclosure Updates from 7 June 2025
On 7 June 2025, we updated the Product Disclosure Statement (PDS) and Incorporated information for smartMonday PDS's.
On 7 June 2025, we updated the Product Disclosure Statement (PDS) and Incorporated information for the following products:
The updated Product Disclosure Statements (PDS) can be viewed online at smartmonday.com.au
What’s Changed?
The fees and costs for smartMonday PRIME (including PRIME TESF) and smartMonday PENSION members has changed from 7 June 2025. These changes resulted in a LOWER Cost of Product for all Super & Pension members.
Administration Fees
Asset-based administration fee deducted from your account balance decreased from 0.36% p.a. to 0.29% p.a.
Asset-based administration fee deducted from investment returns and reflected in the unit price (currently 0.095% p.a., or 0.055% p.a. for Cash) were removed
The estimated fee paid from the Fund’s reserve were reduced from 0.03% p.a. to 0.015% p.a. This fee is an estimate to cover additional costs and is subject to change each year.
If your employer plan currently has a lower asset-based administration fee than 0.29% p.a. payable from your account balance, that employer plan fee continues unchanged; if your employer plan fee is above 0.29% p.a., you have been moved onto the 0.29% p.a. fee from 7 June 2025.
Investment Fees & Costs
On 7 June 2025, the investment fees across each investment option, with the exception of the Cash option, increased by 0.055% p.a.
There have also been some changes to investment fees and costs effective 7 June 2025. Estimates have been updated to reflect actual costs incurred for the financial year to 30 June 2025. For more information on the updated investment fees and costs, please refer to the relevant PDS and incorporated information above.
Transaction Costs
There have been some changes to disclosed transaction costs effective 7 June 2025. Estimates have been updated to reflect actual costs incurred for the financial year to 30 June 2025. For more information on the updated transaction costs, please refer to the relevant PDS and incorporated information above.
Buy-Sell Spreads
The buy-sell spread is a mechanism to recover transaction costs incurred by the trustee in relation to the purchase or sale of assets when money moves into, or out of an investment option.
The buy-sell spread has been updated to meet changes in the transaction costs, based on the experience in 2024/25 and forecasts for 2025/26. For more information on the updated buy-sell spreads, please refer to the relevant PDS and incorporate information above.
Pension - Investment option objective changes
The investment objectives for the following investment options have been updated:
For more information on the investment objectives, please refer to the smartMonday PENSION PDS.
Former Zurich Master Trust Superannuation Fund Members
We introduced new product offerings for members transitioning from the Zurich Master Superannuation Fund, offering a tailored investment option in our super and pension PDS’s as well as a Term Allocated Pension offering. The Zurich Managed Growth investment option is closed to new members. The relevant PDS’s can be found below:
Do you need to do anything?
No, you don’t need to do anything. The changes were automatically applied to your account from 7 June 2025.
All information is general and does not take account of your personal objectives, financial situation or needs. We recommend you consider whether these changes affect your own financial objectives and retirement plans. Before deciding whether a particular product is appropriate for you, please read the relevant Product Disclosure Statement, Target Market Determination and Financial Services Guide available at smartmonday.com.au. If you’re unsure, please seek professional financial advice, or contact our smartCoach team on 1300 262 241, or email smartcoach@smartmonday.com.au. Any intra-fund advice is provided by or on behalf of Future Group Financial Services Pty Ltd.
Any questions?
If you have any general questions or need more information, please contact us on 1300 614 644, Monday to Friday 9am to 5pm AEST, or email enquiry@smartmonday.com.au.