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Showing 11 - 20 of 20 results for "MySuper fees"

Super fund lowers MySuper fees

KANIKA SOOD  |  MONDAY, 13 JAN 2020
A $6 billion superannuation fund has lowered fees for its balanced MySuper option. TWUSuper's default members will go from paying $808 per year in total fees to $758 per year for every $50,000 in balance, after changes that came into effect on 1 ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... the underperformance, the research said. The difference between choice total fee fees (excluding advice fees) and MySuper fees is 0.83% compared to 0.78% respectively. AIST chief executive Eva Scheerlinck said the findings were timely given the "damning ...

Super State of Origin: Who wins?

DARREN SNYDER  |  WEDNESDAY, 6 JUN 2018
... Wales (NSW) 1 1 0 1 Queensland (QLD) 4 3 3 0 But let's get back to the Blues and the Maroons. When it comes to MySuper fees, NSW and QLD products are evenly matched at an average total fee of 1.24% and 1.23% respectively. For what it's worth ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
... Dunnin noted that a $292 million reduction in MySuper administration fees would equate to only a 7% reduction in total MySuper fees, or 1.5% of total superannuation fees, but added: "a reduction in fees, however small, is good for the industry and will ...

GROW Super opens for business

ALEX DUNNIN, STEPHEN FAY  |  TUESDAY, 23 MAY 2017
... use an active strategy implemented through the global investment manager Dimensional Fund Advisors. GROW Super's MySuper fees at 1.33% are significantly lower than other recently launched boutique superannuation products but this places them slightly ...

Super fees almost halved in five years

MARK SMITH  |  MONDAY, 28 SEP 2015
... categories means that APRA-regulated funds have average TERs of 1.43%, 80% higher than the average SMSF solution. At 1.1%, MySuper fees are unchanged from 2014, though there is significant disparity between the cheapest offered, at 0.46%, and the most ...

MySuper fees force super fund to exit high return strategy

LAURA MILLAN  |  MONDAY, 7 SEP 2015
The requirement to charge low fees under MySuper has forced one superannuation fund to exit a Principal Global Investments (PGI) strategy that had returned 13% over five years. PGI chief executive in Australia Grant Foster said that the super fund pulled ...

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
While there is lots of self flagellation over super fund fees in Australia, Australian fund fees may be closer to best practice than we realise. In a submission to the Financial Systems Inquiry (FSI) by the New Zealand Council of Financial Regulators ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... to commercial interests that the disclosure my cause." APRA stated: "In the short term, APRA will publish data on MySuper fees, costs and net returns for the purposes of the requirement in section 348A of the SIS Act. "APRA will also publish, under section ...

Central plank of Cooper Review is MySuper

MICHELLE BALTAZAR  |  MONDAY, 5 JUL 2010
... annually. Using the same projections, the Review quoted Treasury estimates that an average wage earner paying average MySuper fees could benefit from a 40 per cent drop in total fees, potentially increasing their superannuation balance by around $40,000 ...
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