Super fees fall to 1.23%BY STAFF WRITER | WEDNESDAY, 7 AUG 2013 12:30PMSuper fund fees have fallen to 1.23% but increased to $18.6 billion on the back of rising assets under management, reveals new research from Rainmaker. Related News |
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"SMSFs are so attractive because they are actually the lowest cost super fund segment," Rainmaker said.
I notice there are no comments about this statement, so it must be right?
SMSF's are the lowest cost if you don't include the value of your (the Trustee) time and potential financial consequences of getting it wrong. Also if you have a look at the retail wrap market there has been a very real drop in administration fees. colonial FirstWrap, North, Asgard wrap, MLC Wrap.....they have all dropped prices in the past 24 months.