Board to invest in accord with Member’s plan
215 Board to invest in accord with Member’s plan
For each GESB Super (Retirement Access) Member who selects a readymade investment plan the Board must, as far as is practicable —
invest the Member’s assets in accordance with the asset allocation determined under regulation 212 for that investment plan; and
ensure that the investment of the Member’s assets remains in accordance with that asset allocation until the Member selects a different investment plan.
For a GESB Super (Retirement Access) Member who selects a personalised investment plan the Board must invest —
the Member’s assets as at the time the Board gives effect to the selection (selection day); and
contributions made, and any benefits transferred, to the Fund by or in respect of the Member after the selection day,
in accordance with the asset allocation selected by the Member but, unless the Board and the Member agree otherwise, the Board is not required to ensure that the investment of the Member’s assets remains in accordance with that asset allocation.
In this regulation —
Member’s assets means the assets of the Fund that represent the retirement access account of a GESB Super (Retirement Access) Member.
[Regulation 215 inserted: Gazette 28 Jun 2002 p. 3018; amended: Gazette 13 Apr 2007 p. 1596; 11 Apr 2008 p. 1380; 10 Jan 2017 p. 156.]
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