Phone 1800 444 396
Web brightersuper.com.au
Email info@brightersuper.com.au
Post GPO Box 264, Brisbane QLD 4001


Significant event notices

Brighter Super has a duty to let members know about any major (material) change to the fund through a significant event notice (SEN).

Material changes include any changes that may impact on your retirement savings, including (but not limited to):

  • increases to fees or charges
  • changes to insurance arrangements or benefits

Depending on the timing of the change and our members' communication preferences, a significant event notice may be communicated through our member newsletter, a letter or an email.

Brighter Super’s recent significant event notices

Notice date Change Impact of the change Notice to members
25 November 2024 Changes to our products for members with a Brighter Super account On 1 January 2025, we are making some changes to our products, including:
  • Lowering our administration fees and fee cap
  • Introduction of Partner linking rebate
  • Changes to the fees and costs of some of our investment options
  • Improving our death benefit claiming process.
Notice advising members about changes to Brighter Super products
25 November 2024 Changes to our products for members formerly with an Optimiser account or have left the SESP Corporate Plan On 1 January 2025, we are making some changes to our products, including:
  • Lowering our administration fees and fee cap
  • Introduction of Partner linking rebate
  • Reducing the Insurance Admin fee
  • Changes to the fees and costs of some of our investment options
  • Improving our death benefit claiming process.
Notice advising former Optimiser accounts about changes to Brighter Super products
25 November 2024 Changes to our products for members in the SESP Corporate Plan (including Norfina) On 1 January 2025, we are making some changes to our products, including:
  • Lowering the fee cap
  • Introduction of Partner linking rebate
  • Changes to the fees and costs of some of our investment options
  • Improving our death benefit claiming process.
Notice advising members in the SESP Corporate Plan (including Norfina) about changes to Brighter Super products
1 November 2024 Changes to Brighter Super Income Protection for members employed by CS Energy (Corporate Enterprise Agreement employees)
  • Income Protection cover

Notice advising members about changes

2 October 2024 Changes to Brighter Super Income Protection for members employed by Stanwell (Tarong Power Station)
  • Income Protection cover

Notice advising members about changes

2 August 2024 Changes to Brighter Super Income Protection for members employed by Energy Queensland (EQL)
  • Income Protection cover.

Notice advising members about changes.

22 April 2024 Changes to our products for members with a Brighter Super account
  • Streamlined investment options.
  • Investment option changes.
  • Investment fee reductions.
  • Greater fee transparency.

Notice advising members about changes to Brighter Super products.

Attachment to notice: Important information

22 April 2024 Changes to our products for members with a Brighter Super account invested in our Socially Responsible investment options
  • Streamlined investment options including closure of our socially responsible options.
  • Greater fee transparency.
  • Investment fee reductions.

Notice advising members invested in Socially Responsible investment options about changes to Brighter Super products.

Attachment to notice: Important information

22 November 2023

Changes to the investment fees and costs for our Secure and Socially Responsible investment options

Actual investment fees and costs for our Secure and Socially Responsible investment options for the financial year ending 30 June 2023.

Notice advising members about changes to Brighter Super investment fees and costs – for the Secure and Socially Responsible investment options

12 September 2023
Changes to Brighter Super’s insurance

Changes to our insurance for members employed by local government and associated industries, effective 1 July 2023.

  • Change of group insurer from TAL to Zurich.
  • Reduction of war exclusion within our insurance.
  • Removal of sunset clause.
Notice advising members about changes to Brighter Super insurance – for members employed by local government and associated industries
17 August 2023 Changes to Brighter Super’s products

Changes to the asset allocation and risk profile of some of our diversified investment options on 1 July 2023.

Change to investment option name on 1 July 2023.

Removal of war exclusion terms within our insurance on 1 July 2023 (for former Energy Super account holders only).

Notice advising members about changes to Brighter Super products

Notice advising members about changes to Brighter Super products – for former Energy Super account holders

12 December 2022 Changes to Brighter Super products On 30 September 2022, we made some changes to the asset allocation, risk profile, and fees and costs of some of our investment options.

Notice advising members of changes to investment options and fees and costs

Attachment to notice: Important information: changes to strategic asset allocations, standard risk measurements, and fees and costs

23 August 2022 Changes to Brighter Super insurance On 30 September 2022, we are making changes to our insurance cover and costs, when automatic cover is provided and restrictions for non- Australian residents. 

Notice advising members about insurance changes

Attachment to notice: Important information for Brighter Super Members

15 August 2022 Important notice about temporary disruption to services 

On 19 September 2022, the Energy Super member system will transition into Brighter Super.

To implement the transition, there will be a period where normal services will be suspended.

Notice advising members about temporary disruption to services

Attachment to notice: Important information for Brighter Super Members

4 July 2022 Changes to Brighter Super products

From 12 August 2022, Brighter Super is making some changes to investment options offered by the Fund.

Notice advising members about product changes

Attachment to notice: New investment options for Brighter Super members

Optimiser’s recent significant event notices

Notice date Change Impact of the change Notice to members
22 April 2024  Changes to our products for members with a Brighter Super Optimiser account
  • Optimiser product name to be retired.
  • Streamlined investment options.
  • Investment option name changes.
  • Access to additional options.
  • Investment fee changes.
  • Administration fee and cap changes.
  • Greater fee transparency.

Notice advising members about changes to Brighter Super products.

Attachment to notice: Important information

22 April 2024 Changes to our products for members with a Brighter Super Optimiser account and Suncorp Employee Superannuation Plan (SESP)
  • Optimiser product name to be retired.
  • Streamlined investment options.
  • Investment option changes.
  • Access to additional options.
  • Investment fee changes.
  • Administration fee and cap changes.
  • Greater fee transparency. 

Notice advising members about changes to Brighter Super products.

Attachment to notice: Important information

17 August 2023 Changes to Brighter Super Optimiser's products

Changes to objectives for some of our investment options on 1 June 2023 and 1 July 2023.

Changes to the risk profile for some of our investment options for 1 June 2023 and 1 July 2023.

Notice advising members about changes to Brighter Super Optimiser products.
2 February 2024 Reduction to the administration fee cap and insurance premiums for Optimiser accounts.

Effective 1 July 2023, we reduced the administration fee cap from $5,000 to $2,950 per financial year for all ready-made investment options for Accumulation and Pension accounts.

Effective 1 February, we reduced the insurance premiums for all Optimiser accounts.

Notice advising members about reductions to Brighter Super Optimiser administration fee cap and insurance premiums.

LGIAsuper’s significant event notices

Notice date Change Impact of the change Notice to members
29 April 2022 Changes to LGIAsuper products

On 31 March 2022, we made some changes to the investment fees and indirect cost ratios for our investment options.

In June 2022, LGIAsuper will have access to a new Indexed Balanced option and a new Socially Responsible option, established by Energy Super.

LGIAsuper’s Socially Responsible Balanced option will close on 11 June 2022, and any members invested in this option will be automatically transferred to the new Socially Responsible option.

Notice advising members of changes to superannuation products
18 February 2022 Changes to LGIAsuper products On 31 March 2022, LGIAsuper is making some changes to some of our products.

Pension: Notice advising members of changes to superannuation products

Accumulation, TTR and DB: Notice advising members of changes to superannuation products

23 December 2021 Important changes to LGIAsuper's superannuation accounts.

On 20 December 2021, we made some changes to the indirect cost ratios to our investment options.

On 20 December 2021, we also improved our reversionary beneficiary nomination process for LGIAsuper pension accounts.

Notice advising members of changes to superannuation accounts

9 December 2021 Passing on the tax benefit on administration fees and changes to the tax refund on insurance premiums.

On 1 February 2022, LGIAsuper is making two changes to the tax refund that you receive for your administration fee and insurance premium.

Notice advising members of changes to tax refunds on administration fees and insurance premiums

8 November 2021 Removing our weekly administration fee of $1 per week ($52 per year) per account.

On 30 September 2021, LGIAsuper completely removed its weekly administration fee of $1 per week ($52 per year) per account.

Notice advising members of changes to weekly administration fee

1 July 2021 Changes to LGIAsuper’s MySuper investment option.

On 1 July 2021, we made some changes to how we invest in our MySuper investment option. These changes only impact members who have an Accumulation account and are invested in the MySuper option.

Notice advising members of changes to MySuper investment option

21 May 2021 Important changes to LGIAsuper's superannuation accounts. 

On 1 May 2021, we reduced most of our Indirect Cost Ratios. The table below shows the changes.

On 1 July 2021, we are reducing our administration fee cap,
introducing a tax rebate for insurance premiums and changing when we charge our flat administration fee.

Notice advising members of changes to superannuation accounts

19 March 2021 Important changes to LGIAsuper’s superannuation accounts.

On 1 May 2021, we are making some changes to our insurance and our MySuper Lifecycle investment option.

Notice advising members of changes to superannuation accounts

21 January 2021 Change of manager for our Socially Responsible Balanced option.

During the week of 11 January 2021, the investment manager for our Socially Responsible (SR) Balanced option transferred from AMP Capital to Pendal Group.

Notice advising members of a change in investment manager

1 November 2020 Reducing our weekly administration fee and changes to our investment fees, investment program and insurance cover.

From 1 November 2020, LGIAsuper is reducing our weekly administration fee.

We are changing our investment fees, and for some investment options, we are reducing them.
We are making changes to our investment program and insurance cover.

We are also reporting to you the higher indirect costs that have already been included in last financial year’s returns. 

Notice advising members of a reduction to our weekly administration fee and changes to our investment fees, investment program and insurance cover

11 May 2020 Changes to minimum pension payment amount

The Australian Government has temporarily reduced the minimum annual payment required for account-based pensions and similar products by 50%. This reduction will be for financial years 2019/20 and 2020/21. This is being done to assist retirees during the financial market volatility caused by COVID-19.

Notice advising members of minimum pension payment amount changes

 19 Nov 2019 Changes to automatic insurance cover

On 1 April 2020, new government legislation comes into effect to help protect members’ superannuation balances. These changes are known as Putting Members’ Interests First. They require all members with a balance of less than $6,000, and all new members who are under 25 years of age, to let us know if they would like to have insurance.

Notice advising members of Putting Members' Interest First legislation

 22 May 2019 Changes to administration fees

On 1 July 2019 LGIAsuper is introducing a flat administration fee of $1.50 per week charged to each of account.

To offset some of this new fee, the percentage-based administration fee is being lowered from 0.21% to 0.18% per annum.

Notice advising members on fee structure changes

 22 May 2019 Change to International shares portfolio investment approach

LGIAsuper is changing the structure of its International shares portfolio by adopting a more active management approach.

From 1 July 2019 the investment fee for investment options with exposure to the portfolio may increase.

Notice advising members on fee structure changes

 22 May 2019 Change to insurance service and treatment

From 28 June 2019 any rebate in relation to tax deductions associated with insurance premiums will be pooled to a general reserve.

This reserve will be owned by all members to fund insurance and other associated operations.

Notice advising members on fee structure changes

7 November 2018 LGIAsuper will send all communications via digital channels

From 19 January 2019 LGIAsuper will send all communication to their members via digital channels, where possible.

This includes important notifications, links to a member’s annual statement and other information about LGIAsuper and the member’s account.

Notice advising members of switch to digital communication

Frequently Asked Questions for members

13 Sep 2016 Proposed legislative changes to LGIAsuper's membership rules

In July 2016 the Queensland Government announced legislative changes that, once passed, will allow LGIAsuper to welcome new members outside of Queensland local government.

Queensland local government employees will be offered Choice of Fund while LGIAsuper will remain the default super fund for Queensland local government.

The change will not impact the fees members pay, how their super is invested or LGIAsuper's structure.

Letter to members announcing the legislative changes

You're welcome to grow with us brochure

LGIAsuper's solutions brochure - Trusted advice, investment and insurance

18 Dec 2015 New name for the fund

From 8 February 2016, LGIAsuper will become Local Government Investment Australia (LGIAsuper). There will be no changes to the fund's services, members' contributions and fees, or the management of members' super investments.

Notice to members announcing the rebrand

15 May 2015 Changes to insurance arrangements

From 1 July 2015, LGIAsuper's insurance will change. Premiums will increase, a new TPD definition will apply, and changes to some of the terms and conditions will also take effect.

At the same time, members of the Defined Benefits Fund (excludes former City Super Defined Benefit account members) will experience a change to the way the Minimum Requisite Benefit and Contributions plus earnings calculations will be adjusted.

Members aged under 60 with an Accumulation account

Members aged 60 and over with an Accumulation account

Members with a Defined Benefit account (former City Super members)

Defined Benefits Fund members without additional cover

Defined Benefits Fund members with additional cover

5 Mar 2015 Withdrawal of failure of health benefit from product offering following Australian Prudential Authority (APRA) review.

From 8 January 2015 all permanently employed local government employees under age 55 can no longer claim the failure of health benefit as a lump sum payment of their super if they are permanently incapacitated through injury or illness and unable to continue working for their local government employer.

Failure of health benefit no longer available

5 Nov 2013 Launch of LGIAsuper's new default investment option, MySuper Lifecycle

Members who had never made a choice about how their money was invested or had made an investment choice to have 100% of their money in the default option had their account balance and/or future contributions transferred to the MySuper Lifecycle option (unless they opted out).

Members with no change to their investment strategy or fees

Members with a change in their investment strategy or fees

Energy Super’s significant event notices

Notice date Change Summary of change
15 August 2022 Changes to Energy Super products - Insurance On 19 September 2022, we are standardising the Death and Total and Permanent Disablement (TPD) cover offered to members through their employer.
8 August 2022 Important notice to members about the transition to Brighter Super

On 19 September 2022, Energy Super will officially become known as Brighter Super.

To implement the move to the new administration platform, there will be a period where normal member services will be suspended.


29 April 2022 Changes to Energy Super products

On 31 March 2022, we made some changes to the investment fees and indirect cost ratios for our investment options.

Find out more here

18 February 2022 Changes to Energy Super products

On 31 March 2022, Energy Super is making some changes to some of our products.

  • Pension members: find out more here
  • Accumulation, Transition to Retirement (TTR) and Defined Benefit members: find out more here

 

23 December 2021 Important changes to Energy Super's superannuation accounts.

On 20 December 2021, we made some changes to the indirect cost ratios to our investment options.

Find out more here

9 December 2021 Passing on the tax benefit on administration fees and changes to the tax refund on insurance premiums.

On 1 February 2022, Energy Super (as part of LGIAsuper) is making two changes to the tax refund that you receive for your administration fee and insurance premium.

Find out more here

8 November 2021 Removal of our administration fee of $1 per week ($52 per year) per account.

On 30 September 2021, Energy Super (as part of LGIAsuper) completely removed its weekly administration fee of $1 per week ($52 per year) per account.

The changes in this Notice apply from 30 September 2021.

Find out more here

31 May 2021 (email)

7 June 2021 (postal)

Changes to the definition of Total Permanent Disablement.

Due to changes within the insurance policy the Fund made some changes to the definition of Total and Permanent Disablement (TPD). The key changes are the removal of the Activities of Daily Living Definition and the introduction of an “Any Occupation” (Definition 2) that applies to Member’s working less than 15 hours per week or are currently not working.

The changes in this Notice apply from 1 July 2020.

Find out more here

19 May 2021 (email)

21 May 2021 (postal)

Energy Super and LGIAsuper are merging 1 July 2021.

The merger between Energy Super and LGIAsuper is planned to go ahead on 1 July 2021. The merger between Energy Super and LGIAsuper will be by way of a Successor Fund Transfer (SFT). As part of this SFT process, comprehensive due diligence and an independent review is undertaken by both funds, to ensure the SFT is in the best interest of members overall.

The merger between Energy Super and LGIAsuper will result in your benefits in Energy Super (ABN 33 761 363 685) being transferred to LGIAsuper (ABN 23 053 121 564) (the Fund). The Trustee of LGIAsuper is LGIAsuper Trustee (ABN 94 085 088 484) and Energy Super products will be issued by the Trustee on behalf of the Fund.

The two funds will continue to operate under their existing brands for a period of time, managing more than $20 billion in retirement savings for around 120,000 members.

Find out more here

30 September 2020 Important notice about insurance for members whose employer pays their insurance premium.

For members who employer is paying your insurance premiums and you are under the age of 25 or have an account balance that has not exceeded $6,000, if you were to cease employment with that employer your insurance cover will cease on the date you ceased employment. If members are under 25 years of age or have a balance of less than $6,000 and want to keep the cover they currently have, even after leaving their, they must provide the Fund with an Insurance Cover Election Form BEFORE ceasing work with that employer.

You’ll find more information in the important notice sent to affected members.

30 April - 1 May 2020 (email)

4 May 2020 (postal)

Insurance Cover is Changing Notice.

Following a rigorous tender process, Energy Super (the Fund) has appointed OnePath Life Limited (the Insurer) as its insurer.

OnePath became the insurer for Income Protection on 6 September 2019 providing insurance cover for members in accordance with the terms of our existing Income Protection Policy (due to expire on 1 July 2020) and from 1 July 2020 will be the insurer for Death & Total and Permanent Disablement (TPD). New insurance policies will commence from 1 July 2020.

The changes will affect the cost, benefits and some of the terms and conditions. Find out more here.

29 November 2019 (email)

1 December 2019 (postal)

Putting Members Interest First legislation (insurance cover in super is changing again – you may lose your cover.

The Federal Government has introduced further legislation which may impact any insurance cover members hold with us. The new ‘Putting Members’ Interests First’ laws take effect 1 April 2020 and require super funds to only provide default insurance to members if:

  • They are over 25 years from 1 April 2020 and;
  • Their account balance has reached $6,000 or more at any time between 1 November 2019 and 1 April 2020.

This means that unless the member tells us otherwise, Energy Super will be required to cancel their insurance cover on 1 April 2020 if their account balance hasn’t reached $6,000 or more at any time since 1 November.2019. Find out more here 

18-21 October 2019 (postal)

7-21 November 2019 (email)

Reduction in indirect administration fees and fee cap for Accumulation members. Reduction in indirect investment costs for all members. Energy Super members with an Accumulation account will receive a decrease in their indirect administration fee from 0.22% to 18% from 1 October 2019. This subsequently reduces the fee cap for eligible Accumulation members from $1,100 to $900 pa. All members will also enjoy a decrease in indirect investment costs, depending on the investment option they’ve chosen. Find out more here
13 June 2019 - reissued Various – introduction of unit pricing to Energy Super Defined Contribution accounts; changes from Protecting Your Super legislation; and a new Indexed Balanced investment option. New Federal Government laws (Protecting Your Super Package) will come into effect on 1 July 2019. In addition to the change to the rules around providing insurance cover within super that was communicated to affected members on 1 May 2019, the new rules introduce the following changes:
  • Removal of exit fees;
  • Inactive low-balance accounts to be transferred to the ATO;
  • A new cap on administrative and investment fees for low-balance accounts; and
  • Amendments to the Work Test exemption rules.

From 11 May 2019, Energy Super Defined Contribution accounts moved from crediting rates to unitisation to show a members’ investment value and change in value over time.

On 6 April 2019, Energy Super introduced a new Indexed Balanced option.

Find out more in the disclosure of changes sent to all members.

1 May 2019 Protecting Your Superannuation Package (insurance cover in super is changing – you may lose your cover. New Federal Government laws (Protecting Your Superannuation Package) will come into effect on 1 July 2019. The package involves a change to the rules around providing insurance cover to members within super. The new rules require a super fund to cancel insurance cover for members with an account that has been inactive (no contributions or rollovers received) for 16 months – unless the member tells us in writing that they want to keep their current insurance cover. You’ll find more information in the disclosure of changes sent to affected members.
7 December 2018 Changes to MySuper investment Option. As part of the Energy Super Board’s most recent review of the MySuper investment option, a number of changes were made to the investment strategy for the option. The Board is moving the ranges for a number of asset classes to allow changes to the asset classes in response to market conditions, particularly focusing on Growth assets. Effective 1 February 2019. You’ll find more information in the disclosure of changes sent to affected members.
31 August 2018 Impacted service period. Energy Super has entered into a partnership with a new administration services provider. This may affect our services to members between Monday 17 and Friday 28 September 2018. Member Online is also being upgraded during this time. Find out how this impacted service period affects your account.
15 September 2017 RG97 legislation (new fee and cost disclosure). The Government has made changes to the regulations that govern how super funds display some of their investment fees and costs. These changes will take effect from 30 September 2017. The intention is for funds to be more standardised and transparent in disclosing the expenses they incur when they manage your super or income stream investment. You’ll find more information in the disclosure of changes sent to all members.
1 June 2017 Increase to Death & Total and Permanent Disablement (TPD) and Extended Income Protection (IP) insurance cover policies. On 1 July 2017, Energy Super’s Death & TPD and Extended IP insurance cover policies and terms will change. The changes will affect the cost, benefits and some of the terms and conditions. There is also a change to the indirect costs for our Australian Shares investment option. You’ll find more information in the disclosure of changes sent to all members.
5 September 2016 Various – change to admin cost rebate, new non-lapsing death benefit nominations, new ceasing Income Protection (IP) cover rules and a new provider of standard IP insurance. Energy Super has capped the fees on balances over $500k at 30 June each year. The cap is now $1,100 (previously the account balance threshold was $1m and the cap was $2,200). Non-lapsing death benefit nominations are now in place at Energy Super. Unlike binding nominations, a member with a non-lapsing nomination is not required to renew their nomination every three years. New IP ceasing cover rules are in place to protect members from paying for IP cover they don’t need. And finally, a reminder that Energy Super has a new standard IP provider and some changes to note. You’ll find more information in the Some things you should know about notice sent to members in their annual statements delivered in September and October.
5 August 2016 Change to Energy Supers insurer for Income Protection Insurance. From the 5 September 2016, a new Income Protection (IP) insurer - MLC Limited will provide Standard IP insurance for Energy Super Members. The change will not affect the current cost of Standard IP cover. For some members, the changes will have no impact. For others, the changes may have some impact depending on their age, current level of cover and conditions surrounding their employment. The most important change affecting all member is the reduction in the amount paid after 120 days into the benefit period. The level reduces from 90% of your income to 80% of your income. The 10% paid into super remains the same. You will find more information in the Some things you should know about notice sent to all members.
29 February 2016 Increase to Income Protection (IP) premiums for Standard IP cover with 30, 60 or 90 day waiting period. From 1 April 2016, Income Protection (IP) costs for members with 30/60/90-day waiting periods will increase by 5%. You will find more information in the Some things you should know about notice sent to members eligible for this cover.
23 February 2016 Increase to Income Protection (IP) premiums for Standard IP cover with a 14 day waiting period and Extended IP cover with a 2 year and 14 day waiting period. From the 1 April 2016 members with a 14-day waiting period, the cost of Standard Income Protection (IP) will increase by an extra 5% above the existing 5% indexation increase (as outlined in the current Energy Super Insurance Guide). The level of cover for these members will also increase via an indexation rate of 5% from their 2015 level. You will find more information in the Some things you should know about notice sent to members eligible for this cover.
18 December 2015 Increase to the lost super threshold. The Government has increased the account balance threshold below which small accounts need to be sent to the Australian Taxation Office. This ‘lost super’ threshold increased from $2,000 to $4,000 from 31 December 2015. Energy Super members aged under 55 were advised of this in the Fund’s member newsletter, a printed copy of which was sent on 18 December 2015. Members aged 55 and over will be advised in early 2016.
29 May 2015 Closure of Cash Deposit Investment option.

Effective 1 July 2015, Energy Super’s Cash Deposit option will close. This effects:

  • Accumulation members who are currently invested in and/or have selected for their future contributions the Cash Deposit option Income Stream members whose account balance is invested in and/or regular income stream payments are drawn from the Cash Deposit option.
  • Affected members were sent a letter advising them that the portion of their investment in the Cash Deposit option would be automatically moved to, and their choice for future contributions or income stream payments changed to the Cash Enhanced option from 1 July 2015 – unless they made an alternative investment choice.

The letter explained the options available to the member. It also outlined the differences between the Cash Deposit and the Cash Enhanced options, and included a Change of Investment Choice form and reply paid envelope.

29 May 2015 Disclosure of underlying investment costs.

In the interests of transparency, Energy Super has chosen to disclose the underlying investment costs to members. These include fund of fund structures, brokerage, buy sell spreads and property management fees on the underlying investments.

You will find more information in the Disclosure of underlying investment costs notice sent to all members.

Suncorp Super's significant event notice register

Download

Asteron Life Superannuation's significant event notice register

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