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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
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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