Our investment needs change over our lifetime. SmartPath is a 'whole of life' investment option, that changes your investment mix automatically as you get older.
The investment option that's right for you when you're 21 and starting your career might not be the same option that's right for you when you're 40 or 55. SmartPath is a 'whole of life' investment option, that changes your investment mix automatically as you get older.
You can take comfort knowing that while you're working and building your career and life, your super is being invested in a strategy designed and actively managed for your age group, with the long-term objective of providing a sustainable income for your retirement.
The SmartPath option is only available to super members.
How SmartPath works
SmartPath is designed to meet your changing needs as you age. You are placed in an option based on your date of birth with the options grouped into five-year age bands. For example, younger members commencing their retirement savings journey will start with an allocation of approximately 90% growth assets.
As you get older, you will automatically and gradually 'glide' from a growth-oriented investment strategy to a balanced strategy (as shown below). This is done to help reduce the volatility of investment returns before you retire. For the options that are gliding, the asset allocation changes each year on 1 January.
or later Born
1959 - 1963 Born 1953
This diagram is simplified. Please refer to your year of birth in the table below to see the current allocation of growth assets (as at 1 January 2020).
Investment strategies for each age band are carefully considered in regards to likely risk tolerance, liquidity needs, opportunities for tax efficiency and income requirements.
To get started in SmartPath, review the option for the year you were born as set out in the Investment Guide. When you select SmartPath as your investment option, either through your Media Super online account or via the Investment choice form, you’ll be automatically be placed into the age band based on your date of birth.
Exposure to growth assets
The graph below illustrates the reduction in growth assets in a member’s Smartpath investment as the member gets older.
SmartPath begins with an asset allocation of 90% growth assets and reduces over time to 50% growth assets (using the current asset allocations as at the issue date of the current product disclosure statement)
Asset allocation for your age group
Refer to your year of birth in the table below to see the current allocation of growth assets (as at 1 January 2020).
|Year of birth||Allocation of growth assets|
|1994 - 1998||90%|
|1989 - 1993||90%|
|1984 - 1988||90%|
|1979 - 1983||90%|
|1974 - 1978||90%|
|1969 - 1973||88%|
|1964 - 1968||78%|
|1959 - 1963||68%|
|1954 - 1958||58%|
|1949 - 1953||50%|
|1944 - 1948||50%|
Investment returns for Smart Path options
You can find information about investment returns for the various SmartPath cohorts on the super investment performance page, alongside returns for our full range of investment options.