Perpetual Approved Trustee Service can run your DIY super fund
Our Approved Trustee Service is the ideal way to remove the administrative burden associated with running your fund and its pensions. We handle the day-to-day safekeeping of assets and administration matters, leaving you free to focus on the all important investment and financial planning decisions. As trustee of your fund, Perpetual ensures that your fund complies with the law and is maintained in the best interests of members.
Who should consider DIY Super with our Approved Trustee Service?
The Approved Trustee Service provides fund services for people who wish to:
- take advantage of more sophisticated wealth management and accumulation strategies
- have a high level of input into their superannuation investment portfolio
- make superannuation contributions
- roll-over eligible termination payments
- receive lump sum benefit payments
- receive pension benefits
In providing a range of sophisticated pensions, the Approved Trustee Service gives you the flexibility to mix and match lump sum payments with the DIY fund income streams most appropriate to your specific circumstances. Similarly, if you have a preferred investment strategy, the options available with a DIY fund give you more investment control.
Your initial fund size should ideally be at least $300,000, however we may establish or accept a transfer of your fund with lesser amounts. To see whether a DIY Super fund is right for you, see our DIY Super FAQ’s.
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Our track record speaks for itself
Perpetual Wealth Management currently administers over $25 billion on behalf of thousands of individual clients, trusts, estates and DIY super funds. We have refined our asset administration and management processes over many years and today continue to provide consistent and reliable asset custody and administration services.
As the Approved Trustee of your DIY fund, Perpetual must meet competency and capital adequacy standards set by the Australian Prudential Regulation Authority (‘APRA’) and will be responsible for the administration, management and compliance of your fund.
Our simple in-house solution extends from the creation of your fund to administering your member benefits, fund assets, tax and regulatory needs. This leaves you free to tailor your fund to provide the benefits most appropriate to your needs.
Upon appointment, we can act as trustee of a new fund that we establish for you or become the trustee of your existing DIY fund. Each member may have a range of different accounts within the fund providing for a range of lump sum and pension benefits. In some cases your fund may also maintain reserves.
Personal service and online access
You will have access to information about your investment portfolios from your personal account manager who will work closely with you and your adviser. Our real time web-based reporting tools are available online with details including:
- List of your accounts
- Portfolio asset allocation
- List of investments in each of your accounts
- Summary of transactions
- Detailed list of transactions
You will also receive a portfolio valuation to summarise your quarterly fund activities approximately 10 working days after the end of each quarter. To speak with someone personally about our Approved Trustee Service, please call us on ph 1800 645 227 or email superannuation@perpetual.com.au.
