SA Ambulance Service
The Scheme adopts a single investment objective and strategy covering both defined benefit and accumulation benefits. The investment strategy is consistent with the Scheme’s investment objective.
Investments are made in a range of asset types including shares, fixed interest and property. Therefore the value of the Scheme’s assets can decrease as well as increase. As a result the Scheme’s rate of return may be positive or negative.
The Balanced product has a target rate of return of 3.5% in excess of the rate of inflation1. There is a reasonable likelihood of earning this target over an investment period of seven years or longer.
However, annual returns may be volatile with the likelihood that a negative return might be expected to occur between three and four years in 20.
1 The Investment objective states what the Balanced option aims to achieve. It is designed to help members with their investment decisions. The objective has been developed having regard for the long term performance and characteristics of financial markets and taking into account expert advice provided by specialist investment advisor, JANA. There is no guarantee, however, that the objective will be met. This is because financial markets are volatile and future returns may vary from returns earned in the past.
Rates of return (for the year ending 30 June 2019)
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The Super SA Ambulance Service Superannuation Scheme returns are reported net of tax and investment fees. Past performance is not a reliable indicator of future performance.