Part of the exit from advice will see Viridian Advisory offer employment to around 175 BT Financial Advice (BTFA) salaried advisers and other management and support staff. Find out how to find your lost super and how to consolidate your super. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super Invest. With 50 years’ experience BT can help you and your people plan for today and tomorrow by helping to identify ways to make more of what you have and empowering you to make smarter, confident financial decisions. Mr Thistle th waite referred specifically to a 21 January news article in The Australian that noted Westpac’s BT super fund was one of the worst performing super funds in the last seven years. BTFM is a member of BT Financial Group - A Division of Westpac Banking Corporation. Choose how involved you’d like to be in managing your investments and take on more or less as you see fit. You can join through online banking if you have Westpac One® online banking set up. The exact amount deducted will be confirmed in your annual statement. Feb 7, 2021 – 8.00pm Westpac Banking Corp has hired Greenhill’s Australian investment banking team to test appetite in BT’s superannuation business. In mid-2018, amid the banking royal commission, Westpac announced it would cut fees it charged on some BT super and wealth management funds. A Product Disclosure Statement (PDS) for BT Super Invest can be obtained by contacting BT on 1300 881 716 or by visiting www.bt.com.au/superinvest. With 50 years’ experience BT can help you and your people plan for today and tomorrow by helping to identify ways to make more of what you have and empowering you to make smarter, confident financial decisions. Other management, transactional and operational costs may apply to an ETF, managed fund or managed portfolio option. 233724, RSE No. BTPS and BTFM are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). Westpac SuperCheck involves a search for superannuation being undertaken by BTFM. Decide how much you want to invest and fine-tune your portfolio as you go. L0001090 (BTFM) and is current as at October 2019. Business superannuation solutions for employers, Terms and Conditions or Product Disclosure Statement, Information about business super and your super obligations. The insurance is subject to terms and conditions, and limitations and exclusions apply. For Accumulation Members: You no longer have access to this site as your account has been transferred across to BT Super for Life - Westpac Group Plan. As a result of these changes, we’ve identified ways to reduce the cost of managing our members’ super. Westpac is believed to be weighing a move to sell up to 50bn worth of superannuation assets separately to its BT wealth management platform in a … For further details, please refer to the relevant disclosure document(s) for the ETF, managed fund or managed portfolio option. By continuing to use this site we assume you're ok with our notice. BTFM and WLISL are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (Westpac or the Bank). Bloated on the fees it was gouging from the 950,000 Westpac super accounts, BT Investment Management grew almost ten times faster than the nation’s top 200 listed companies between 2007 and 2017. Insurance offered through BT Super is issued by Westpac Life Insurance Services Limited (WLISL) ABN 31 003 149 157, AFSL 233728. (charged by the fund manager), 0.34% p.a. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. BTFM is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). With BT Protection Plans insurance you can have confidence that financial assistance is available should the unexpected happen. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. The BT Lifetime Super Employer Plan and BT Business Super were two of 10 into which Westpac persuaded its customers to roll their superannuation as part of … Westpac loses High Court challenge on BT Super rollover advice claims. + 0.15%* p.a. Conditions, fees and charges apply. This information does not take your personal objectives, circumstances or needs into account. What you need to know about the BT Super class action + 0.03% p.a. The fees and costs provided are current as at 19 February 2019 and may vary from time to time. BT50729-0620px For more information bt.com.au | 132 135 | GPO Box 3958 Sydney NSW 2001 Important Information Information current as at 1 July 2020. You can view your account by logging on to your Online Banking. All costs are inclusive of GST unless otherwise stated. Consider its appropriateness to these factors before acting on it. Call 1800 227 262 Email us. Conditions, fees and charges apply. Please read the Financial Services Guides for BTFM and Westpac or obtain a copy by calling 1300 553 010, visiting bt.com.au or from any Westpac branch before proceeding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 … Current as at 19 February 2019. BT Super Invest Product Disclosure Statement, BT Super Invest Additional Information Booklet, BT Super Invest Investment Options Booklet, BT Super Invest Investment Fees and Costs Booklet, BT Protection Plans Product Disclosure Statement and Policy Document. Please read the BT Protection Plans Product Disclosure Statement and Policy Document to see if this insurance is right for you. The information provided is general in nature and does not take into account your objectives, financial situation or needs. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of BT Super. Opening an account is fast, simple and straightforward. Insurance offered through BT Super is issued by Westpac Life Insurance Services Limited (WLISL) ABN 31 003 149 157, AFSL 233728. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. The claims focus on the experience of customers in BT's Super for Life product who selected the cash investment option provided by Westpac Life. Fees and costs are subject to change. Please contact the BT Super for Life Customer Relations Team on 1300 776 417 if … BT Super Invest is part of Panorama Super. In addition, depending on your investment choices, the following fees and costs may apply: # Other fees, costs and charges may apply to your BT Super Invest account, such as a cash account fee and transaction costs eg buy/sell spread. An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac, St.George Bank, BankSA or Bank of Melbourne (which are Divisions of Westpac), or any other company in the Westpac … As part of our Group and one of Australia’s leading wealth experts, BT has been helping Australians build and protect their wealth since 1969. As part of our Group and one of Australia’s leading wealth experts, BT has been helping Australians build and protect their wealth since 1969. Westpac’s loss comes after ASIC took issue with the bank’s campaign to get its customers to switch into BT Super. BT Protection Plans are issued by Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS), except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458 (BTFM) as trustee of the Retirement Wrap ABN 39 827 542 991. These may change or we may introduce new ones in the future. General and personal advice are available. Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. Transfer money into my account from another fund. If you don't already have a Westpac KiwiSaver Scheme Account, and you want to transfer your Australian Super to the Westpac KiwiSaver Scheme, you'll need to join before you can transfer your savings. to 1.16% p.a. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of BT Super. We use cookies to secure and tailor your web use. Consider its appropriateness to these factors before acting on it. In other words, while the 950,000 people whose super was with Westpac’s BT … If you have a question about your super or your membership and you can't find the answer on the website, we'd be happy to help you out. Let’s go! The following administration fees apply to your account: $540 p.a. Lending criteria apply to approval of credit products. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in, or acquired through, BT Super Invest. The Advance Retirement Suite had $202.8 million in total assets at June end. Two subsidiaries of Australia's second-largest bank — Westpac Life and BT — are being sued in a Federal Court class action by potentially thousands of their superannuation members. BT Super for Life makes super, super easy! An investment in BT Super is not an investment in, a deposit with or any other liability of Westpac or any other company in the Westpac Group. Our notice explains how we use cookies and how you can manage them. BTFM is the trustee and issuer interests in of BT Super, which forms part of Retirement Wrap ABN 39 827 542 991, of which BTFM is trustee. For further details, please refer to the PDS . Full details are available on request. Our class action against BT and Westpac Life alleges that BT breached the trust of its members by investing the money through a related party, allowing Westpac Life to keep up to half the returns on members’ money for itself. Past performance is not a reliable indicator of future performance. I accepted that but to my surprise, my husband's super did not lose any money and still have considerable increase even during pandemic. This information does not take into account your personal circumstances. Its shareholders - the biggest being Westpac - were delivered a return of over 600 per cent in that time. Lending criteria apply to approval of credit products. Please note that the trustee of BT Super and BT Super for Life (including Westpac Group Plan) has appointed AIA Australia Limited (AIA) as the new group life insurer, effective 1 July 2020. BTNZ use a multi-manager approach to deliver strong risk-adjusted returns, by including a wide variety of investment processes and strategies in all funds, including the KiwiSaver funds. We use cookies to secure and tailor your web use. With BT Super Invest you can choose to invest your super in shares, ETFs, managed funds and more. Average member had $58,000 in balance, according to APRA statistics. Our dedicated business super team is here to help you with your super queries. These may change or we may introduce new ones in the future. The information provided is general in nature and does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness and read the disclosure documents before making any decision. Contributions – put money into your super. BTFM is the trustee and issuer of Panorama Super, which is part of Retirement Wrap ABN 39 827 542 991. ` BT is a wealth management specialist that’s wholly owned by Westpac. Sign in to register your employer super plan, This information was prepared by BT Funds Management Limited ABN 63 002 916 458, AFSL No. It only takes about 5 minutes. If you would prefer another way of receiving the Financial Services Guide (such as in hardcopy), please let us know. Approximately $17 billion in retirement savings is languishing in underperforming BT funds. I was with BT super for about 9 years, earlier this year I received my BT super statement and I have lost about 15k, when I called them they say it's because of the pandemic. In an announcement to the ASX, Westpac said it will exit face-to-face financial advice in BT Financial Group, moving the businesses into the consumer and business divisions. WLIS and BTFM are wholly owned subsidiaries of Westpac. of your account balance, Up to $95 p.a. Our dedicated business super team is here to help you with your super queries. BT Super for Life is an online super product that offers a range of great features and benefits to take you from your first job through to retirement. Call BT Super Concierge 1300 365 668 (Monday to Friday, 8.30am-5.30pm Sydney time). Westpac’s troubled BT-Super arm was dismembered in a bank restructure in March 2019. As part of our Group and one of Australia’s leading wealth experts, BT has been helping Australians build and protect their wealth since 1969. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in, or acquired through, BT Super Invest. Further information about the insurance available through BT Super for Life is included in the PDS. Download the Investment Options Booklet for a full list. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. SuperCheck involves a search for superannuation being undertaken by BTFM, as the trustee of Retirement Wrap. Forms. The Westpac subsidiaries are BT Funds Management Limited and Westpac Life Insurance Services Limited. BT phone number: 132 135 Mon-Fri 8:30am-5:30pm (AEST) The information shown on this site is general information only, it does not constitute any recommendation or advice; it has been prepared without taking into account your personal objectives, financial situation or needs and you should consider its appropriateness with regard to these factors before acting on it. SuperCheck involves a search for superannuation being undertaken by BTFM, as the trustee of Retirement Wrap. Full details are available on request. BT Super offers more choice, flexibility, some great new features and an improved online and mobile experience. A Product Disclosure Statement (PDS) is available for BT Super and can be obtained on this page or by calling BT Customer Relations on 1300 553 010. Slater & … There is no charge for accepting any rollovers, however before requesting the rollover, you should consider where your future employer contributions will be paid (if your employer contributions are currently being paid to another fund) and check with your other fund(s) to determine whether there are any exit or withdrawal fees for moving your benefit, or other loss of benefits (eg insurance cover) noting that you may not receive the same type or level of benefits after the rollover. For additional information please visit our insurance page. BT Super for Life, BT Super and Westpac Group Plan Product Update for Legislative changes from 1 July 2020 Effective 1 July 2020. (charged by the issuer), As at September 2017 (source: 2017 Westpac Group Annual Report). Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the responsible entity and issuer of interests in BT Managed Portfolios. Access a range of investments including shares, ETFs, ready-made portfolios, managed funds and more. BT Portfolio Services Ltd ABN 73 095 055 208 (BTPS) administers Panorama Super. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of BT Super. All examples and images are for illustrative purposes only. Make regular contributions from your pay to super . Your portfolio value and performance are likely to be different and will depend on the investment options you have selected and the time period over which you are invested in those options. In December, Westpac's BT Super wrote to customers it was moving from legacy superannuation products to newer but equivalent (or better) products. This information does not take your personal objectives, circumstances or needs into account. to 1.73% p.a. However, those changes related to roughly just 10% per cent of the funds managed by the group via its BT Financial Group arm. Terms and Conditions or Product Disclosure Statement, $12.50 per trade, or 0.11% of the transaction value (if greater), 0.04% p.a. BT Funds Management (NZ) Limited (BTNZ) manages all of Westpac's investment funds, including the Westpac KiwiSaver Scheme and Active Series and has more than $15 billion in funds under management. This can be obtained by calling 1300 553 764 or visiting bt.com.au/personal/help/pds.html. Through BT, you can access a range of solutions across super, investments and insurance, to help you plan for today and tomorrow. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. BTPS operates Panorama Investments. Apart from any interest investors may have in underlying bank accounts held at Westpac through their cash account, Westpac term deposit products or Westpac securities acquired through BT Super Invest, an investment in, or acquired using, BT Super Invest is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. This information has been prepared by BT Funds Management Limited ABN 63 002 916 458 (BTFM). Fees will apply for personal advice. BT Super is the new superannuation product that Westpac transitioned to in late 2019 and early 2020. Answer a few simple questions to help you work out your business super obligations and if you’re looking after your people. (charged by the manager), 0.18% p.a. It is subject to investment risk, including possible delays in the payment of benefits and possible loss of amounts invested. Hamilton Wealth managing partner James Hamitlon welcomed the clarification the judgment provided on general and personal advice. Investments in BT Super Invest are subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Labor MP Matt Thistlethwaite asked the Westpac CEO about reports that employers could be prosecuted for the underperforming retail super funds that manage staff retirement savings. BTFM and WLISL are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (Westpac or the Bank). This is the third class action in Slater and Gordon’s Get Your Super Back campaign – the other two being against Colonial First State and AMP – which has its roots in the Banking Royal Commission. It’s super that’s so simple to manage, yet it’s smart enough to evolve with you as your needs change throughout life. of your total balance. If you opened your BT Super for Life account through Westpac, Bank of Melbourne, St. George or BankSA you should see your super account with your online banking. Post: BT Super for Life, GPO Box 3958, Sydney NSW 2001; Keep our tips in mind for how to choose a super fund, and always read the product disclosure statement (PDS) before you sign up for any superannuation product. 233728 is the issuer of insurance cover offered through BT Super for Life. Westpac is facing millions of dollars in fines after the High Court ruled it overstepped financial advice laws in promoting superannuation services to its customers. Westpac does not guarantee the insurance. By continuing to use this site we assume you're ok with our notice. BT Super Invest is built on the BT Panorama operating system, a market-leading technology that helps you manage multiple investments at once. to 1.76% p.a. BT Super Invest lets you invest your super how and when you want in one convenient place. BT Super For Life Westpac Group Plan; BT Superannuation Investment Fund; BT SuperWrap; BT SuperWrap Essentials; BT Panorama Super; You have been a member of at least one of the following superannuation funds between 1 January 2018 and 2020: BT Retirement Selection - Personal Super Plan; BT Lifetime Super - Employer Plan ; You have held Death Insurance, Death & TPD Insurance and / or … Westpac's BT Super for Life fails badly on returns and registers, as well as having high fees. Remember to consider consolidating all of your super savings into one account. It had 15 member options and about 3460 member accounts (down 19% in two months). Our notice explains how we use cookies and how you can manage them.
Backfire Cartridge Profile, York Summer Courses 2021 Enrollment, Scott Mctominay Dates Joined, I Love Kickboxing Prices 2020, Liverpool Number 21, La Clippers Vs Dallas Mavericks, Glasgow Rocks Kit, Draftkings Wwe Pools,