Investment plans for Members, Board to establish
106 Investment plans for Members, Board to establish
The Board is to establish one or more investment plans for GESB Super Members with asset allocations determined by the Board.
The Board may alter the asset allocation for a readymade investment plan whenever the Board considers it appropriate to do so.
The Board may establish an investment plan under which a GESB Super Member who selects that plan may select the Member’s own asset allocation subject to any conditions determined by the Board.
The Board must notify all GESB Super Members of —
the establishment of a new investment plan for GESB Super Members including, in the case of a readymade investment plan, the asset allocation for that plan; and
any material change in the asset allocation of a readymade investment plan; and
any material change in the conditions applying to a personalised investment plan,
before, or as soon as practicable after, the establishment or change occurs.
[Regulation 106 inserted: Gazette 13 Apr 2007 p. 1647-8.]
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