As part of our commitment to improve transparency, we have recently moved from weekly crediting rates to daily unit prices. Unit prices act in the same way as share values, shifting with the market. When more funds are added to an account, more units are allocated, if funds are withdrawn, unit numbers reduce. Daily unit prices allow for account value updates in close-to-real-time and represent an important step in our commitment to improving our members’ retirement journey.
It also means you can switch between investment options from day – to – day rather than week – to – week, creating greater flexibility across our full range of super and pension products. We strive to keep delivering the market leading performance and services we’ve become known for, and this is another step closer.