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Showing 41 - 50 of 443 results for "Administration Fee"

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
One of the few remaining corporate super funds, the Goldman Sachs & JBWere Superannuation Fund, will be merged into Mercer Super from next month. In September 2024, the trustee for the Goldman Sachs & JBWere Superannuation Fund - BEST Superannuation ...

Future Group positions super offerings for growth

JAMIE WILLIAMSON  |  FRIDAY, 11 APR 2025
... However, members of both offerings will benefit from the advantages of scale the move offers, seeing an immediate administration fee reduction and access to an enhanced range of investment options. They will also now have access to intra-fund financial ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... $50,000 balance. Rest, the slowest trustee, charged $130. Nulis, the trustee for MLC, charged the highest MySuper administration fee among the funds reviewed - $200 annually on a $50,000 balance. Yet it ranked only fourth in processing speed for death ...

Qantas Super, ART merger official

KARREN VERGARA  |  MONDAY, 31 MAR 2025
... administration and investment fees in the Qantas Group Super Plan in ART. For example, ART's annual fixed administration fee for the Qantas Group Super Plan is currently $52 per year compared to Qantas Super's $70. Their asset-based administration ...

Mine Super and TWUSUPER merger official

KARREN VERGARA  |  FRIDAY, 21 MAR 2025
... them achieve the retirement they deserve." For TWUSUPER members, a merged entity means a reduction in annual administration fee by 50%, while direct expense recovery fees will lower by 36%. They will also see at least a 2% reduction on insurance premiums. ...

FNZ wins mandate, names APAC head

JAMIE WILLIAMSON  |  TUESDAY, 18 MAR 2025
... administration fees for the DIO will increase - however, brokerage fees for listed securities will go down. The current administration fee is $120 a year. This will increase to $264 a year. CareSuper explained that FNZ's platform is more sophisticated ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
Australia's largest super fund is being sued by ASIC over the delayed processing of close to 7000 death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper ...

Stockspot officially launches low-cost super offering

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
... is the member administrator. Ongoing fees and costs will apply to each Super Simplifier account including an administration fee, which will only be charged on the first $500,000. Stockspot said investing exclusively in ETFs will ensure daily pricing ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...