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Showing 141 - 150 of 443 results for "Administration Fee"

AustralianSuper changes admin fees

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
AustralianSuper is aiming to reduce costs to members by $300 million this year, including lowering administration fees for some members. According to the fund, members with less than $50,000 in their accounts will pay about 60% less than they currently ...

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
... about 850,000 members. These members are expected to see a 25% reduction in fees, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing members will also see their fees drop so ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
APRA has told the $1 billion super fund to improve its governance after a review found deficiencies with its board. The directions follow a review of NESS Super's governance and an independent review conducted by NESS which identified skill gaps ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... at the same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will apply to all Cbus members and all members in the Media Super division from July, Cbus said. Their admin fees will drop ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
After receiving member feedback that its MyMix investment menu needed to be simplified, GuildSuper has done just that - closing five of its investment options and updating fees. From June 14, GuildSuper will permanently close the high growth, conservative ...

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... options. According to the fund, MySuper members have seen their total fees drop by about 32%. Including the administration fee of 0.18%, a MySuper member with a $50,000 balance will now pay $360 in annual fees. Previously, they would have paid $530. ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
Australia's first direct indexing service is here, thanks to investment and wealth manager Nucleus Wealth. Available to investors in a broad range of structures, including superannuation, the service involves the investor owning the individual shares ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
APRA has named the superannuation funds it believes face immediate sustainability issues, with 38 of 78 funds declining on all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts ...

Super mergers only beginning: J.P. Morgan

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
We've only seen the start of consolidation in superannuation, with mergers to accelerate, according to a new survey from J.P. Morgan. J.P. Morgan's inaugural Future of Superannuation Report interviewed 12 super fund leaders, who collectively manage ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... Previously they paid $12.52. In integrating the insurance arrangements, Hostplus will reduce the insurance administration fee it charges to 0.745% of the death and TPD premiums and to nil for income protection. However, Hostplus members will no longer ...