Investment Options

INVESTMENT OPTIONS WEBINAR

Please click here to watch the recording of the March 2023 Investment options webinar

Please click here for the Statement of Investment Principles

IMPORTANT UPDATE (JUNE 2022)

CLICK HERE FOR THE SUMMARY DOCUMENT

PLEASE ALSO TAKE NOTE OF THE CONTENTS OF THE FULL LETTER

A number of participating Employers in the National Tertiary Retirement Fund (NTRF) have amended their employment conditions to allow their employees to retire at age 65 as opposed to age 60. The Board of Trustees consider it appropriate to structure the Fund’s default investment strategy (or Life Stage Investment Models) around your normal retirement age as advised to the Fund by your Employer.

In simple terms this means that if your Employer advises the Fund that your normal retirement age is 65, and you do not exercise any choice (see the document for further details on the investment choices you can make), your money will be invested according to the Fund’s Life Stage Investment Model designed to age 65.

If you are a member affected by this change it is important that you understand the implications thereof and the choices you have.

The Fund is devoted to provide members with as much flexibility as possible regarding investments. If you are not

comfortable to exercise a choice or you think the life stage options suit your personal needs, you can decide to remain
in the Life Stage Model (the model that the Fund designed based on the age of members). Alternatively, you can apply
an own choice and opt out of the Life Stage Model and select any combination of the portfolios offered by the Fund.

Let’s take a closer look at each:

Life Stage Model

If you are entitled to a guaranteed retirement benefit (and most members who joined the Fund before
1 December 1994 are entitled to this benefit), you must invest your money according to the Life Stage Model, which is aligned with the normal retirement age set by your employer. In the Life Stage Model to protect your capital, your money is moved to a lower risk portfolio based on your age.

There are two alternatives, Life Stage Model 60 and Life Stage Model 65.

Up to nine years before retirement: 100% in the Long Term Capital Portfolio
Eight years before retirement: 80% in the Long Term Capital Portfolio and 20% in the Stable Portfolio
Seven years before retirement: 60% in the Long Term Capital Portfolio and 40% in the Stable Portfolio
Six years before retirement: 40% in the Long Term Capital Portfolio and 60% in the Stable Portfolio

Five years before retirement: 20% in the Long Term Capital Portfolio and 80% in the Stable Portfolio
Four years before retirement: 100% in the Stable Portfolio
Two years before retirement: 85% in the Stable Portfolio and 15% in the Money Market Portfolio
One year before retirement: 70% in the Stable Portfolio and 30% in the Money Market Portfolio

Member Investment Choice

Members can also decide to opt out of the Life Stage Model 60 or 65 and choose to invest their total accumulated funds in the Fund in one or more of the following portfolios on offer: