Feature Article

Exciting changes to ARC Master Trust

We are pleased to announce the ARC Master Trust Upgrade effective 1 September 2006

Our review of the ARC Master Trust product range (the ARC Personal Plan, ARC Corporate Plan and the ARC Allocated Pension) focused on:

• improving insurance features
• making administration and investment management fees and costs more competitive
• introducing our ARC Allocated Pension Transition To Retirement Service.

This is the first phase of our ARC Master Trust enhancement project and you can expect to see more exciting news soon.

Click here to read more about the ARC Master Trust product improvements.

Click here to read copies of the communications recently sent to ARC Personal, Corporate and Allocated Pension members.

If you have any queries about the ARC Master Trust upgrade please contact Tony Zulli, Head of Distribution (Investments) on 02 9448 9307 or Carly O'Keefe, Adviser Solutions Marketing Manager on 02 9448 9181.

Changes to Client information

TOWER has recently received many requests from advisers to change client details and information on our systems. We would like to remind our advisers that the only information we will change without confirmation or signature from the client includes:

• correction to a name where TOWER has misspelt it from the application form
• change of address details
• change of client contact details, specifically phone number, fax number and email address
• change of contact name where the policy is held in a business name rather than an individual.

Due to legal and underwriting requirements, we cannot accept changes without appropriate forms and client authorisation for:

• nomination of beneficiaries including binding nominations
• bank account details, as any changes to bank account details must be received with authority from the account owner
• medical information
• any change that would require an underwriting review (for example, a change of occupation or income for an income protection policy).

We would like to thank our advisers in advance for your assistance with this matter.

82AAT Notices

Notices of Intention to Claim a Tax Deduction (82AAT (1A) Notice) were mailed over a two week period, commencing on 21 August 2006. These Notices relate to Retail Risk and Investment Superannuation policies administered on ALIS and PAS.

82AAT Notices were only issued to members of superannuation funds where TOWER is the Trustee.

Members who have made a personal superannuation contribution during the financial year 1 July 2005 and 30 June 2006 may be entitled to claim a tax deduction for those contributions.

Members should complete the "Notice of Intention to Claim a Tax Deduction" form and return this to TOWER.

Please contact your Service Team if you have any questions regarding these Notices.