(1) The Board is to
establish one or more investment plans for GESB Super (Retirement Access)
Members with asset allocations determined by the Board.
(2) The Board may
alter the asset allocation for a readymade investment plan whenever the Board
considers it appropriate to do so.
(2A) The Board must
ensure that for each readymade investment plan established under
regulation 106(1) there is a corresponding readymade investment plan
established under this regulation with the same asset allocation.
(3) The Board may
establish an investment plan under which a GESB Super (Retirement Access)
Member who selects that plan may select the Member’s own asset
allocation subject to any conditions determined by the Board.
(4) The Board must
notify all GESB Super (Retirement Access) Members of —
(a) the
establishment of a new investment plan for GESB Super (Retirement Access)
Members including, in the case of a readymade investment plan, the asset
allocation for that plan; and
(b) any
material change in the asset allocation of a readymade investment plan; and
(c) any
material change in the conditions applying to a personalised investment plan,
before, or as soon as
practicable after, the establishment or change occurs.
[Regulation 212 inserted: Gazette
28 Jun 2002 p. 3017; amended: Gazette 11 Apr 2008
p. 1377 and 1380.]