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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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
"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.