MySuper is bringing fees down: Rice WarnerBY JAMES FERNYHOUGH | THURSDAY, 29 MAY 2014 1:00PMMySuper is doing its job in bringing down superannuation fees despite recent reports to the contrary, according to Rice Warner head of superannuation market insights Nathan Bonarius. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Nathan Bonarius is the second person in the last two days to make a generalized statement of nonsense!
He has just looked at the fee structure, without looking at the overall position for a member in a My Super account. Some of the members now have a further impost of carrying an insurance premium. This means that should the member decide to transfer out at a future date, they will find the balance has been eroded severely by the premium that they never wanted in most instances.
Why a member needs insurance on a small balance is beyond me. It is just another gouge in the form of something that is supposedly 'necessary'.