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In December 2018, the Trustee determined that member interests would be better served by transitioning the Plan to Sunsuper, a large ”profit for members” superannuation fund, rather than continuing the Plan.
The transfer will be completed under a successor fund transfer (SFT). An SFT can only occur if strict legal requirements are met. Most importantly, Sunsuper, as the successor fund, must provide members with equivalent (although not identical) rights in respect of their benefits to those which they had under the Plan.
Work is now progressing toward a transfer on 14 November 2020. If this date changes, the Trustee will notify you with updated information.
The following documents have been released to members:
1. Important change to your IAG & NRMA Superannuation Plan – FAQ
2. IAG Accumulation members - Significant event notice 30 September 2020
3. IAG Defined Beneft members - Significant event notice 30 September 2020
4. NRMA Accumulation members - Significant event notice 30 September 2020
5. NRMA Defined Benefit members - Significant event notice 30 September 2020
6. Retained, reserved and spouse members - Significant event notice 30 September 2020
7. Retirement income stream members - Significant event notice 30 September 2020
8. Important change to your IAG & NRMA Superannuation Plan – 29 January 2019