Annual Member Meeting
The Annual Member Meeting is an opportunity for members to hear about the performance of their super fund during the previous financial year ending 30 June, the economic outlook and the funds' strategic plan.
Retirement Income Strategy
The Fund offers all Australians a superannuation alternative that aligns ethical and Islamic beliefs with Islamic investing. It invests in accordance with Islamic investment principles, ensuring members' retirement savings are Islamically compliant.
To assist with these decisions, please refer to Australian Government’s Financial Information Service and the Money Smart website.
To locate a Financial Planner, please refer to The Financial Planning Association of Australia website.
Significant Event Notices
Summary: Increase of insurance premiums and broadening of the Total and Permanent Disablement cover definition, effective from 1 October 2021.
Summary: Increase of insurance premiums and changes to insurance policy terms and conditions due to regulatory reform, effective from 1 April 2020.
Summary: Increase to the percentage-based administration fee, effective from 1 February 2020.
Significant event notice
Changes to fees
Equity Trustees Superannuation Limited, as Trustee for the Crescent Wealth Superannuation Fund (the Fund), has approved changes to the fees and costs for the Fund. The Fund promoter, Crescent Wealth Funds Management (Aust) Ltd, has negotiated reduced Investment costs for each investment option (see Indirect Cost Ratios below) with its new investment advisers, however, there will be an increase in the Account-keeping fee.
The Fund will implement the changes on 25 November 2018. The following table reflects the changes.
*This amount is an estimate and may vary from time to time.
Note: For definitions of the fees and costs in the table above and more information about other fees and costs that may apply (including advice fees for personal advice, insurance fees and the Family Law fee please refer to the Crescent Wealth Superannuation Fund.
Important Update to Member Experience
Operational Risk Reserve
Premium Rate Increase due to Stamp Duty
Material Service Providers
Crescent Wealth Register of Material Service Providers
|Service Provider||Australian Business Number (ABN)
||Services / Functions|
|Crescent Wealth Funds Management (Aust) Limited||32 144 560 172||Trustee of investment trusts forming the investment options. Promotion, Administration, Risk Management, & Compliance.|
|Ernst & Young||75 288 172 749||External Audit Services|
|Mercer Outsourcing (Australia) Pty Ltd||83 068 908 912||Super Administration
(inc. Client Services Centre)
|TAL Life Limited||70 050 109 450||Insurance|
|National Australia Bank Limited||12 004 044 937||Custody Services & Investment Administration|
|Mercer Investments (Australia) Limited||66 008 612 397||Asset Consultant|
Portfolio Holdings Disclosure
This information is factual and does not consider your particular financial needs, circumstances or objectives. It is not suitable to be acted upon as advice.
You should consider the appropriateness of this information in light of your circumstances and consult with a registered financial adviser before acting on this information.
Equity Trustees Superannuation Limited (ABN 50 055 641 757) is the Trustee of the Crescent Wealth Superannuation Fund.
Code of Practice
Crescent Wealth Superannuation Fund has previously stated its intent to adopt the Insurance in Superannuation Voluntary Code of Practice (the Code). The Code had been scheduled to come into effect on 1 January 2022. Since the development of the Code, the majority of the requirements have been overtaken by legislative and regulatory reforms. In addition, many of the elements of the Code have already been implemented by Crescent Wealth Superannuation Fund to improve member experience.
On the 30th of June, the Code Owners announced that the Code would no longer be required to be implemented in its current form. It will instead be replaced by two guidance documents focussing on Claims Handling and Vulnerable Consumers.
The Code Owners have jointly developed these documents, and Crescent Wealth Superannuation Fund will consider this guidance in our interactions with members.
The Trustee is committed to continuing the principles of the Code and will continue to implement many of the requirements to improve its members’ experience.