Conservative option

For members who are close to retirement, or want to maintain some growth, with a lower risk of capital loss than the Balanced or Growth options. The Conservative option is designed to earn returns above the cash rate over the medium term, through moderate exposure to growth assets. This is the default option for members aged 60 years and over who do not nominate an investment option.

Investment strategy

The Conservative option has a bias towards financial assets, in particular a high weighting towards cash to minimise short term fluctuations (risk) but some exposure to growth assets for the long term growth (return).

Target asset allocation*

40% growth assets, 60% financial assets 

Conservative option asset allocation and ranges

*The target asset allocation is used as a strategic guide for investing. This split of growth and financial assets can vary from time to time as investment in each asset class may vary within the allowable ranges specified in brackets.

Return objective

CPI+ 2% pa

Investment timeframe

2 – 4 years

Conservative option 5 year returns^†