Fund Governance & Transparency Information
The primary purpose of Nationwide Super is to maximise the retirement benefits of its members. To achieve this, the Trustee must ensure that Nationwide Super is well governed.
The Trustee of Nationwide Super is NSF Nominees Pty Limited. The Trustee holds a Registrable Superannuation Entity (RSE) licence from the Australian Prudential Regulation Authority (APRA) and an Australian Financial Services (AFS) licence issued by the Australian Securities and Investments Commission (ASIC).
Nationwide Super is governed by a Trust Deed, which is a legal document that sets out the rules for running a superannuation fund, and what the Trustee can and can’t do.View the Trust Deed
The Trustee also has a Constitution, which along with the Trust Deed, forms the governing rules for Nationwide Super and the Trustee. You can find the rules relating to the nomination, appointment and removal of Trustee Directors in the Constitution.
Trustee Directors and Executive Officers must have appropriate qualifications and demonstrated experience to hold a position with Nationwide Super.
View the table of Qualifications & Experience
All Trustee Directors are actively involved in the management of Nationwide Super and attend regular Board meetings. Trustee Directors and Executive Officers receive remuneration for their role in managing and governing Nationwide Super.
All Trustee Directors are actively involved in the management of Nationwide Super and attend regular Board meetings.View the table showing attendance of Trustee Directors at Board Meetings
Trustee Directors and Executive Officers receive remuneration for their role in managing and governing Nationwide Super.View the Remuneration Table
The Trustee has a policy for managing conflicts of interest.View the Summary of Conflicts Management Policy
The Trustee maintains a Register of Relevant Duties and Interests for itself, its responsible persons and associates to ensure that any potential conflicts of interest are identified.View the Register of Relevant Duties and Interests
The Trustee has the financial statements audited each year by a reputable independent external auditor.View the Trustee’s 2015-16 Audited Financial Statement
The Trustee engages specialist professional advisers and service providers to assist in managing Nationwide Super. The following entities provide services affecting the material business activities of Nationwide Super (as at 1 July 2016).
|Service provider name||ABN||Service provided|
|Ernst & Young||75 288 172 749||Internal audit|
|Mercer Investments (Australia) Ltd||66 008 612 397||Asset consultancy|
|NAB Asset Servicing||12 004 044 937||Custodian|
|PSI Superannuation Management Pty Limited||93 003 422 320||Administration|
The Trustee Directors of Nationwide Super do not vote on listed shares as all equity investments are managed via investment trusts
Super funds have a responsibility to keep members informed of material changes and significant events that may affect member accounts. Nationwide Super communicates significant changes affecting members through Significant Event Notices mailed to affected members and made available to download from the News area of this website. We have issued the following Significant Event Notices in the last 2 years:
|Significant event||Date of issue of Notice|
|Update – Binding Death Benefits Trust Deed changes||May 2017|
|Changes to insurance from 1 July 2017||May 2017|
|Changes to investment options from 15 March 2017||May 2017|
|Changes to insurance from 1 July 2016||May 2016|
|Changes to Trust Deed from 1 July 2016||May 2016|
|Changes to insurance premiums and terms from 1 July 2015||May 2015|
|Review of investment options, fee arrangements and insurance from 1 July 2015||May 2015|