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Showing 291 - 300 of 443 results for "Administration Fee"

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
The $6.5 billion superannuation fund is "substantially" reducing premiums for younger members at the expense of members aged 50 and over. LUCRF Super is changing death and TPD, and death insurance cover from July 1 as part of the new Protecting Your ...

Superannuation fund tweaks fees

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
... comprehensive review. As part of the new Protecting Your Super legislative requirements effective July 1, the fixed administration fee will decrease to $1.25 per week from $1.75 per week ($91 per annum). The combined investment fee and indirect cost ...

Super fund set to hike fees

HARRISON WORLEY  |  WEDNESDAY, 12 JUN 2019
... increasing its fees in response to the Protecting Your Super reforms. Queensland-based BUSSQ will increase its administration fee by $0.75 a week from July 1. In an update to members signed by chief executive Linda Vickers, the fund said it had to increase ...

Prime Super drops admin fees

KARREN VERGARA  |  MONDAY, 3 JUN 2019
The $5 billion superannuation fund will no longer charge administration fees to members with less than $6000 in their account. Prime Super will cease charging admin fees in line with the Protecting Your Super changes effective 1 July 2019. Chief executive ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... was reducing select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account.

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... funds under administration have been plagued by leakage to independent platforms, retail super outflows and administration fee cuts. "As the foundations of vertical integration give way, major platforms are shedding FUA at an increasing rate as advisers ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... cheaper fees than industry superannuation funds. According to FairVine's PDS, members will be charged an administration fee of 1.09% per annum, and an indirect cost ratio of 0.11% per annum. The buy-sell spread for the fund will be 0.30%, but members ...

Superannuation fund drops fees

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... dollar-based fee for pension members has been halved from $3 to $1.50 per week, while the cap on the asset-based administration fee reduced by 25%. The fund is implementing changes to its direct investment option (DIO) fees from 1 May 2019 as a result ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
Colonial First State has trimmed its platforms fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They ...

AustralianSuper hikes insurance fees

KARREN VERGARA  |  TUESDAY, 2 APR 2019
AustralianSuper is increasing the cost of insurance, blaming the Federal Government's recent Protecting Your Super legislation for the changes. On 1 June 2019, the cost of TPD and income protection cover will rise for AustralianSuper members with ...