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Showing 51 - 60 of 81 results for "Super fees"

More must be done to cut fees: FSC

MARK SMITH  |  THURSDAY, 1 OCT 2015
... already had an impact, lowering fees by 40% over the last five years. Rainmaker estimates that average market-wide super fees could fall below the 1% threshold within the next decade, even without further restructuring. "Fees have been reduced with the ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
... margin that applies in relation to wholesale versus retail super funds," the report said. The report also showed that super fees have fallen 40% in the last five years while funds under management have risen 50% over the same period.

Super fees almost halved in five years

MARK SMITH  |  MONDAY, 28 SEP 2015
Super fund fees have fallen 40% in the last five years owing to regulatory shifts and technological innovation, but the fall has not unduly impacted providers' bottom lines, according to the latest comprehensive survey of the sector by Rainmaker. The ...

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 ...

Lower super fees impact Australian Ethical

DARREN SNYDER  |  TUESDAY, 1 SEP 2015
... down 23% on 2014. Australian Ethical managing director Phil Vernon said the 23% decrease was due to the reduction in super fees, issues arising from the transition to a new remuneration structure, and a further impairment on the company's property in ...

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
Retail superannuation funds have entered industry fund territory and admitted that high super fees need to be lowered. The Financial Services Council (FSC), which represents the retail side of the superannuation industry, has stated that "superannuation ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... quality of products, drive greater efficiency and better services for members," he said. Frydenberg highlighted that super fees have not fallen to expectations, given the system's substantial increase in size and scale. He noted the Financial System ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
Following on from its controversial "Super Sting" report in 2014, Grattan Institute has released a new report that continues to argue Australia's superannuation industry has excessive costs. The report, titled " Super Savings ", reiterates Grattan's ...

Super funds turning to passive to tackle high fees

MARK SMITH  |  MONDAY, 9 MAR 2015
... up to $177,000 over a working life, assuming investment returns were the same. In the ten years since 2004, average super fees have fallen by a total of 0.42% for retail super funds and 0.23% for industry funds. The reduction in fees has been accompanied ...

ING low-fee super hits $1bn mark

JAMES FERNYHOUGH  |  MONDAY, 10 NOV 2014
... resulting in a healthier retirement balance and reducing unnecessary fees.A According to the Grattan Institute report on super fees, even on conservative assumptions, a 30-year old could forego more than $250,000 in their retirement balance - about a ...