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Default MySuper fees drop to 1%: RainmakerBY JAMIE WILLIAMSON | WEDNESDAY, 20 OCT 2021 12:31PM
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%.
Read more: MySuper, Rainmaker Information, Alex Dunnin, AMG Corporate, AMIST Super, Bendigo SSSE, EISS Super, QSuper, Rest, Suncorp, UniSuper, Virgin Super Employer
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Delivering Income from Infrastructure
In another first for Pinnacle Investment Management this week, the firm has set up a North American-based affiliate in a small-cap equities fund manager.
The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock.
Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business.
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.
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