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RBF is introducing an enhancement program, which will further improve member benefits with more tailored investment strategies and improved tools and calculators.
Changes come into effect on Monday March 24 2014 and will deliver the following to Members:
RBF MyPath: This is a New Member Investment Choice (MIC) option in the Tasmanian
Accumulation Scheme for RBF Investment Account members. RBF MyPath will replace RBF Actively Managed as the default investment option for members who don’t make an investment choice. RBF MyPath is a lifecycle investment strategy that automatically reduces a member’s investment allocation to more defensive assets as they near retirement.
MIC option name changes: To align to industry standard RBF is changing the names of the four diversified MIC options.
MIC asset allocation changes: This will further enhance the potential risk adjusted investment returns to members.
Investment management fee changes: amendments to the investment management fees for the diversified MIC options in line with the asset allocation changes.
RBF lifestyle calculators: introduction of the new online retirement income simulation tools for both TAS and the Defined Benefit schemes.
Find more information about these changes in the document below.