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Showing 1 - 10 of 20 results for "MySuper fees"

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... competitive average fees of 1% per annum as of June 30. Rainmaker Information research manager Pooja Antil highlighted that MySuper fees fell from 1.05% to 1.00% over the year to June 2023, a significant reduction. "This is the biggest fall in the MySuper ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
... directly compared to the MySuper options of similar large funds, Australian Retirement Trust's QSuper product has MySuper fees of 0.85%, or $425 per annum on a $50,000 balance. UniSuper also has much lower fees of 0.64%, or $321 per year. However ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... fund is reducing investment fees and costs across almost all its options. For example, the investment fees for its MySuper fees will drop by 27.5%. The largest decrease will be seen on its Australian shares with a reduction of 39.13% while the Stable ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the action ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... the administration fees on FCES to 30bps and a flat fee of $10 per year for administration. It says it has reduced MySuper fees by $24 million since November 2020. CES took out the first spot in Rainmaker Information's top 50 workplace super performance ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at eight mergers that occurred in 2019 ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... underperformance over eight years. It's not about funds having a bad quarter or one bad year," Hume said. She said MySuper fees have increased since the products were launched, despite competition in the market growing so much. This was concerning to ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... from $525 in December. It represents an estimated net saving to members of $110 million, or 1.4% of estimated total MySuper fees and costs paid. That said, 3.8 million members saw their funds increase fees over the period by an average of $24 per annum. ...
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