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The NZRDA Member Superannuation Plan
This presentation should be viewed in conjunction with the NZRDA Member Superannuation Plan Investment
Statement and Q & A and in no way should be considered a substitute for the NZRDA Member Superannuation Plan’s Investment Statement.
Parties to the Plan
Trustee: Lighthouse Superannuation Nominees Ltd, a subsidiary of TOWER
Instigator: NZRDA Participating Employers: All DHB’s who have signed to
Participate in the Plan Members: Employees of the Participating DHBs
employed as Dental or Medical Officers Administration Manager: TOWER Investment Managers: ANZ Asset Management/ BNZ
Asset Management/ Bankers Trust/ ING & TOWER Asset Management
Features & Benefits
What are the contribution levels? Member: 2% of your salary for the first year of the
Plan, increasing to 4% for the second year and 6% for the third and subsequent years
DHB: 2% of members salary for the first year of the Plan, increasing to 4% for the second year and 6% for the third and subsequent years
Note: members may also make lump sum investments or contribute at a higher percentage of salary from that shown above
When can the funds be withdrawn?Anytime after normal retirement age or early retirement age with Employer consentUpon resignation, redundancy, death or forced leaving of service due to ill healthMembers may withdraw their own contributions once every 5 years subject to a minimum withdrawal of $1,000Funds may also be withdrawn should a member resign from one DHB to take a position with another
Features & Benefits
Investment Options
What options do I have?There are 14 different options that you may choose from-9 Managed Funds and 5 Single Sector FundsThey vary in volatility from a conservative Cash Fund to a more aggressive NZ or International Shares FundThere are 5 different Fund Managers ranging from ANZ Asset Management (1), BNZ Asset Management (3), BT (2), ING (1) & TOWER (7)You May elect up to 4 different funds. A minimum of 25% in any one fund applies to contribution cashflowsRefer to the Investment Statement for details
Conservative Fund Example
%
Cash
60%
NZ Fixed
Interest
20%
Global Fixed
Interest
20%
Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only
Balanced Fund Example
NZ Equities
10%
Global Fixed
Interes t
20%
Property 10%
Cas h10%
NZ Fixed
Interes t
20%
Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only
International 30%Equities
Growth Fund Example
NZ Equities
25%
NZ Fixed
Interes t 12.5%
International 50%Equities
Global Fixed
Interes t
12.5%
Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only
The Best Performing Asset Classes
12.10
-21.61
5.64
8.67
10.46
0.88
2002
10.9316.00-1.8421.4213.0012.8013.080.4410.278.20Global Bonds6
-0.1123.271.2324.4823.0726.9724.3828.91-8.28-13.10Global Shares5
6.926.846.319.369.767.838.064.856.566.10NZ Cash4
11.9613.52-2.7913.238.806.7914.090.0611.124.75NZ Bonds3
-39.23-5.562.7913.8723.326.614.80-6.397.3412.12NZ Listed Property2
10.8447.84-7.1620.1217.334.30-4.4213.30-8.0313.39NZ Shares1
1992199319941995199619971998199920002001Asset class
Annual percentage returns by asset class*
*Based on the following indices: 1. NZSE 40 Gross Index; 2. NZSE Property Gross Index; 3. CSFB Government Bond Index; 4. CSFB 90 Day Bank Bill Index; 5. MSCI World Accumulation Index hedged in NZ$; 6. SSB World Government Bond Index (hedged).
US Market Returns 1928 - 2002
-50
-40
-30
-20
-10
0
10
20
30
40
50
1928
1931
1934
1937
1940
1943
1946
1949
1952
1955
1958
1961
1964
1967
1970
1973
1976
1979
1982
1985
1988
1991
1994
1997
2000
OIL CRISIS
GULF WAR
DOT.COM
BUBBLE
1990’S BOOM
VIETNAM WAR ENDS
CUBAN CRISIS
GREAT DEPRESSIO
N
WORLD WAR II
*(Source: S&P500 - Bloomberg In US$ - To 31/12/02)
Time in the market (not market timing)
Source: S&P 500 Accumulation Index *Period studied: June 1992-June 2002
S&P 500 Acc Index*
1991-2001 Annualised Returns
All 2,608 trading days 9.27%
Minus 10 best days 4.66%
Minus 20 best days 1.26%
Minus 30 best days -1.48%
Minus 40 best days -3.89%
Minus 50 best days -6.06%
Minus 60 best days -8.09%
Minus 70 best days -9.97%
Joining the Plan
Complete the Application for Membership form and post it to NZRDA
Once registered with TOWER deductions will commence from your salary and TOWER will confirm your membership in writing
At the same time you will be advised of your web access number to ‘supersite’ so that you can monitor your membership accounts and investment returns
DHBs joining @ 1 July 2003 Waitemata, Auckland, Counties Manukau, Waikato,
BOP, Lakes, Tairawhiti, Taranaki, Whanganui, Hutt Valley, Capital & Coast, Nelson Marlborough, Canterbury & Otago
DHBs joining 30 June 2004 Northland, Hawkes Bay, MidCentral, Wairarapa,
South Canterbury, West Coast & Southland
Important Points To Note
• This information is given in good faith and has been derived from sources believed to be accurate. However neither NZRDA nor any of their employees gives any warranty of reliability or accuracy nor accepts any responsibility arising in any other way for errors or omissions.
• Past performance is not necessarily indicative of future performance.
• The RDA, Participating Employers or the TOWER Group do not guarantee repayment of capital or future performance of any fund within the NZRDA Member Superannuation Plan.
• This material has been prepared specifically for illustrative purposes only and is not a securities recommendation, it does not contain securities advice. In preparing this presentation, we have not taken any individual investor's personal circumstances into account. This presentation should not be relied upon as the basis for an investment decision. Investors considering investing in the Plan should obtain a copy of the current Investment Statement and consult their Financial Adviser.