BT Personal Portfolio Service
The BT Personal Portfolio Service is closed to new investors. It is a service for people with more than $50,000 to invest and has 3 components:
- Investment service
- Superannuation service
- Pension service.
Each component has a range of investment options:
- Westpac Classic Strategies - lets you invest across a range of cash, bond, property and share investments
- Westpac Sector Funds - lets you invest in the major investment types in any combination you wish
- External investment options offered by other leading fund managers such as:
- Pendal Group Limited
- BT Funds Management
- Colonial First State
- Aberdeen Asset Management
- Macquarie Bank
- Black Rock
- MLC Investments Limited.
- Pendal Group Limited
The BT Personal Portfolio Services suits those who want to invest with a range of fund managers but want one point of contact.
BT Personal Portfolio Service Features
|Features||Investment Service||Super Service||Pension Service|
|Minimum initial investment
|Minimum balance across overall service||$40,000||$40,000||$50,000|
|Minimum amount to be held in the service||$2,500||$2,500||$50,000|
|Additional contributions (lump sum)||No minimum||No minimum||$5,000 minimum1|
|Additional contributions (savings plan)||No minimum||No minimum||Not permitted|
|Minimum withdrawal||No minimum||No minimum||No minimum|
BT Personal Portfolio Service Fees and Costs Booklet
Keeping you informed
With the Personal Portfolio Service, all your information comes from a single source – even if your investments are spread among a number of different funds. Every February, May, August and November you receive a comprehensive but easy-to-read personalised report on your portfolio.
A financial adviser can tailor a Personal Portfolio Service solution that can help you achieve your investment and retirement needs.
1 September 2020: BT Personal Portfolio Service: Investment – Notice of Termination
Investment Options: Westpac Moderate Growth Fund and Westpac Diversified Growth Fund
Westpac Financial Services Limited (ABN 20 000 241 127), as the responsible entity of the BT Personal Portfolio Service: Investment (PPS Investment) (ARSN 088 826 699), has decided to terminate the product effective on Monday, 30 November 2020.
Westpac Financial Services Limited (ABN 20 000 241 127), as the responsible entity of Westpac Moderate Growth Fund and Westpac Diversified Growth Fund has decided to terminate these underlying funds on Friday, 27 November 2020.
As all PPS Investment accounts will terminate, a Personal Portfolio Service: Investment Notice of Termination letter and Notice of Termination Account Termination Election Form dated 1 September 2020, has been issued to clients that hold a PPS Investment account.
For more information about the PPS Investment termination you can access the fact sheet here.
A dedicated team has been set up to answer your queries relating to this termination. This team is available from Tuesday, 1 September 2020 to Friday, 16 October 2020 to answer questions about your account information and processes for cash and transfers – see the contact details below. Our team, however, cannot provide general or financial advice.
30 June 2020: BT Personal Portfolio Service: Investment – Change to the Constitution
As permitted under both clause 33 of the constitution of BT Personal Portfolio Service: Investment, and more generally as provided for under the Corporations Act 2001, Westpac Financial Services Limited (ABN 20 000 241 127), as the responsible entity of the BT Personal Portfolio Service: Investment (PPS Investment) (ARSN 088 826 699), have updated the constitution of PPS Investment dated 28 June 2005, as amended (Constitution), by way of a supplemental deed dated 30 June 2020 (Supplemental Deed). The Supplemental Deed amends clause 38.6 of the Constitution, to permit the acceptance of further subscriptions to or repayments from PPS Investment, until 35 days prior to its termination. Such a change does not adversely affect the rights of the members of PPS Investment. If you want a copy of the Supplemental Deed, please call or email our team using the contact details below.
Things you should know
- A new policy is required, which will be consolidated with an existing Pension Service policy for reporting purposes.
- You can change your investment strategy free of charge at any time although you will pay the spread between the issue and redemption price of units you have switched in underlying funds. Such changes may also have capital gains tax implications.
- This fee is made up of the administrator's fees under the constitution plus GST net of Reduced Input Tax Credits available to the Service.
Westpac Financial Services Limited ABN 20 000 241 127 is the responsible entity and issuer of the . Westpac Securities Administration Limited ABN 77 000 049 472 is the Trustee and issuer of the BT Personal Portfolio Service: Superannuation and Pension. Product Disclosure Statements (PDS) are available for these products and can be obtained by calling 131 817 or visiting www.bt.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in these products.
Financial Services Guides for the responsible entity of the BT Personal Portfolio Service: Investment and for the Trustee of BT Personal Portfolio Service: Superannuation and Pension can be obtained by downloading it, calling 131 817, visiting www.bt.com.au or from any Westpac branch.
An investment in these products is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not theissuer of the products. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the products.