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Defensive asset classes: Defensive asset classes tend to be lower risk investments, but typically generate lower returns than growth assets. They are unlikely to fluctuate much in value. Defensive asset classes include Cash and Fixed Interest Securities.

Defined Benefit Scheme: This style of super scheme means that your final super benefit is determined, by applying a fixed or 'defined' formula usually based on your length of service, contributions and final salary. Members of this type of scheme are not able to choose an Investment Plan - as the benefit is defined and doesn't depend on investment returns. An example of a defined benefit scheme is Gold State Super.

Dependant: Includes your spouse (or former spouse or de facto), a child under 18 (including an adopted, step or ex-nuptial child), any person who is financially dependent on you, any person with whom you have an interdependent relationship.

Directed Termination Payment (DTP): Is the concessionally taxed lump sum payment you'll receive on termination of employment from your employer.

Diversification: Is an approach to investing that involves mixing asset classes, rather than investing only in one type of asset. It is much like the saying, 'don't put your all your eggs in one basket'.