Update 23 March 2020
How to change your investment choice
We do not charge switching fees, so there is no impact on your super account balance from switching between investment options. However, if you have the right investment risk profile and your investments are matched up to your risk profile, you should not be needing to make switches regularly. From time to time you should review your risk profile, maybe when you are first starting out in the work force, are in the middle of your working life, a few years away from retirement or going into retirement. Otherwise the investments you have in superannuation should be a ‘set and forget’ strategy where you ride the ups and downs of the investments over a longer period.
You can switch investment options for some, or all, of your account balance, future contributions or both. You can also nominate which investment option you would like your withdrawals to be made from. You can switch between investment options by logging into our website, or on the Vision Super app, or by sending us a completed Investment choice form or by calling our Contact Centre. Investment switches are processed based on the unit prices of the relevant investment options declared on the next business day after we receive your switching request, unless there is a delay with processing due to abnormal market conditions or system failure.
Frequent switching between investment options and trying to second-guess the market can be risky, particularly for high-risk investment options designed to be held in the long-term (6–12 years). You should switch only after a thorough review of your long-term investment strategy.
We recommend that you obtain financial advice before making any decisions about switching between investment options. To book an appointment with a Vision Super financial planner, complete the online form or call the Contact Centre on 1300 300 820 (Monday to Friday 8:30am to 5pm) to arrange an appointment. Advice fees may apply which will be discussed with you before any work will be undertaken.