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Showing 101 - 110 of 443 results for "Administration Fee"

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
... recent announcement from Spaceship, both Future Super and Verve Super will also begin charging a dollar-based administration fee to members with low balances. From November 1, Future Super members with less than $6000 in their account will be charged ...

Spaceship Super dumps admin fee waiver

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2023
... their account. From November 6, Spaceship Super members with a balance of $6000 or less will begin paying an administration fee of $1.50 week, or $78 a year. In accordance with the Protecting Your Super rules, the fees will be capped at 3% of the balance ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
In a move that will see members' costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
In a first-of-its-kind case, ASIC is taking AustralianSuper to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May, AustralianSuper announced it would be refunding close to ...

Colonial First State previews new MA offering

CHLOE WALKER  |  WEDNESDAY, 6 SEP 2023
... investments offered with transparent and institutional pricing, but we will also waive the percentage-based administration fee on CFS Edge where managed account comprises only Accelerate investments offered through CFS Edge." Through the Accelerate Series ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees. Released this morning, the 2023 performance test marks the first time trustee-directed ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
The $30 billion superannuation fund is firmly in its growth era, consolidating its multiple brands and products and unveiling a new look that it hopes will help achieve its ambitious plan of being "a different type of fund." Two years on from its official ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... Industry Super Australia chief executive Bernie Dean said Choice products will "almost certainly have a higher administration fee benchmark than MySuper funds" while products sold in a retail platform will likely have an even higher fee benchmark. Many ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... Currently, ESSSuper charges members a combination of an account-keeping fee of $52 a year and a percentage-based administration fee of 0.25%. From July 1, the percentage-based component will drop to 0.20%. At the same time, the administration fee cap ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...