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. to 1.16% p.a. It had 15 member options and about 3460 member accounts (down 19% in two months). of your total balance. SuperCheck involves a search for superannuation being undertaken by BTFM, as the trustee of Retirement Wrap. In mid-2018, amid the banking royal commission, Westpac announced it would cut fees it charged on some BT super and wealth management funds. WLIS and BTFM are wholly owned subsidiaries of Westpac. 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. BT Super offers more choice, flexibility, some great new features and an improved online and mobile experience. BT Super Invest lets you invest your super how and when you want in one convenient place. 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. What you need to know about the BT Super class action Business superannuation solutions for employers, Terms and Conditions or Product Disclosure Statement, Information about business super and your super obligations. 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. 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 … Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. Slater & … The fees and costs provided are current as at 19 February 2019 and may vary from time to time. 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 other words, while the 950,000 people whose super was with Westpac’s BT … (charged by the manager), 0.18% p.a. 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 … 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. Through BT, you can access a range of solutions across super, investments and insurance, to help you plan for today and tomorrow. Westpac loses High Court challenge on BT Super rollover advice claims. Our dedicated business super team is here to help you with your super queries. The Advance Retirement Suite had $202.8 million in total assets at June end. of your account balance, Up to $95 p.a. Current as at 19 February 2019. Let’s go! 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. BTFM and WLISL are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (Westpac or the Bank). Our notice explains how we use cookies and how you can manage them. Westpac does not guarantee the insurance. Full details are available on request. 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. Please contact the BT Super for Life Customer Relations Team on 1300 776 417 if … 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. Westpac's BT Super for Life fails badly on returns and registers, as well as having high fees. In December, Westpac's BT Super wrote to customers it was moving from legacy superannuation products to newer but equivalent (or better) products. 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. For additional information please visit our insurance page. 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. Call 1800 227 262 Email us. BT Super Invest is built on the BT Panorama operating system, a market-leading technology that helps you manage multiple investments at once. General and personal advice are available. 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. 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. Full details are available on request. 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. It only takes about 5 minutes. BTFM is a member of BT Financial Group - A Division of Westpac Banking Corporation. 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. BTFM is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the responsible entity and issuer of interests in BT Managed Portfolios. 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. This information does not take your personal objectives, circumstances or needs into account. Its shareholders - the biggest being Westpac - were delivered a return of over 600 per cent in that time. As a result of these changes, we’ve identified ways to reduce the cost of managing our members’ super. BT Super for Life makes super, super easy! Choose how involved you’d like to be in managing your investments and take on more or less as you see fit. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of BT Super. 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. These may change or we may introduce new ones in the future. Fees and costs are subject to change. The Westpac subsidiaries are BT Funds Management Limited and Westpac Life Insurance Services Limited. 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. Download the Investment Options Booklet for a full list. SuperCheck involves a search for superannuation being undertaken by BTFM, as the trustee of Retirement Wrap. Answer a few simple questions to help you work out your business super obligations and if you’re looking after your people. ` BT is a wealth management specialist that’s wholly owned by Westpac. Average member had $58,000 in balance, according to APRA statistics. 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. 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. Fees will apply for personal advice. Consider its appropriateness to these factors before acting on it. 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. The following administration fees apply to your account: $540 p.a. Make regular contributions from your pay to super . Transfer money into my account from another fund. Call BT Super Concierge 1300 365 668 (Monday to Friday, 8.30am-5.30pm Sydney time). L0001090 (BTFM) and is current as at October 2019. (charged by the issuer), As at September 2017 (source: 2017 Westpac Group Annual Report). You can view your account by logging on to your Online Banking. For further details, please refer to the relevant disclosure document(s) for the ETF, managed fund or managed portfolio option. 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. BTPS and BTFM are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). If you would prefer another way of receiving the Financial Services Guide (such as in hardcopy), please let us know. Westpac’s loss comes after ASIC took issue with the bank’s campaign to get its customers to switch into BT Super. 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. BTPS operates Panorama Investments. You can join through online banking if you have Westpac One® online banking set up. 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. BT Super is the new superannuation product that Westpac transitioned to in late 2019 and early 2020. 233728 is the issuer of insurance cover offered through BT Super for Life. Lending criteria apply to approval of credit products. With BT Super Invest you can choose to invest your super in shares, ETFs, managed funds and more. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of BT Super. 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. Westpac SuperCheck involves a search for superannuation being undertaken by BTFM. Conditions, fees and charges apply. 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 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. We use cookies to secure and tailor your web use. 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. 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 … However, those changes related to roughly just 10% per cent of the funds managed by the group via its BT Financial Group arm. 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. 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. Please read the BT Protection Plans Product Disclosure Statement and Policy Document to see if this insurance is right for you. 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). 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. All examples and images are for illustrative purposes only. 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. Decide how much you want to invest and fine-tune your portfolio as you go. Insurance offered through BT Super is issued by Westpac Life Insurance Services Limited (WLISL) ABN 31 003 149 157, AFSL 233728. It’s super that’s so simple to manage, yet it’s smart enough to evolve with you as your needs change throughout life. Approximately $17 billion in retirement savings is languishing in underperforming BT funds. Our notice explains how we use cookies and how you can manage them. Terms and Conditions or Product Disclosure Statement, $12.50 per trade, or 0.11% of the transaction value (if greater), 0.04% p.a. Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. 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. BT Super for Life, BT Super and Westpac Group Plan Product Update for Legislative changes from 1 July 2020 Effective 1 July 2020. Past performance is not a reliable indicator of future performance. 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. Opening an account is fast, simple and straightforward. I accepted that but to my surprise, my husband's super did not lose any money and still have considerable increase even during pandemic.

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