Increased SG equals increased fees: ResearchBY ELIZA BAVIN | FRIDAY, 11 SEP 2020 12:29PMNew research from the University of Sydney suggests that raising the superannuation guarantee to 12% will send fees through the roof. Related News |
Editor's Choice
Vanguard Super lowers fees
|Vanguard Super is reducing its annual administration fees off the back of strong investment performance and its short time in the market.
Chief member officer leaves Insignia Financial
|Insignia Financial is on the hunt for a new chief member officer for its superannuation business, confirming the departure of Anne Coyne.
Super for housing 'economically reckless': SMC
|The Super Members Council (SMC) has warned that encouraging young Australians to use their superannuation for a house deposit could dramatically drive-up house prices and deplete their retirement savings.
Treasury shakes up foreign investing framework
|Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent".
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Wow talk about unbalanced research. Yes if the fees were lower then they could earn more, but investing outside of superannuation still attracts fees and typically has a higher tax consequences. I dont know of any investments that you can make without incurring fees and charges. Even cash has a hidden fee in that the bank can loan the money at higher rates than they pay depositors. If the SG contributions do not increase are employees going to magically save additional money for retirement, even if this is outside of super?
Wow talk about unbalanced research. Yes if the fees were lower then they could earn more, but investing outside of superannuation still attracts fees and typically has a higher tax consequences. I dont know of any investments that you can make without incurring fees and charges. Even cash has a hidden fee in that the bank can loan the money at higher rates than they pay depositors. If the SG contributions do not increase are employees going to magically save additional money for retirement, even if this is outside of super?