APRA approval – KIFB Restructure and Benefit Fund Rule Amendments

11 Apr 2023

KeyInvest is pleased to advise that APRA has approved the merger of the AFS Funeral Benefit Fund (Non Assessable) and the AFS Funeral Benefit Fund (Taxable) into the KeyInvest Funeral Bond effective 31 March 2023. The merger of these Funds streamlines the investment management, custodial, accounting and reporting framework for these three Funds into one Fund and provides former AFS members with access to a broader range of investment opportunities offering enhanced return potential, while ensuring that the product features available to former AFS members continue to be offered under the KeyInvest Funeral Bond.

We encourage members of these Funds to read the attached Notice which provides further detail on the restructure of the Funds.


Notice to Members re BF Restructure

Executive Summary

Actuarial Opinion – Restructure