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Showing 1 - 10 of 76 results for "Super fees"

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... the reason why our research is showing year on year that nearly one in two Australians don't know what they pay in super fees and continue to be disengaged with their super." Vanguard recently launched its pension products - account-based pension SpendSmart ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... their index-based investments, have proven to deliver strong returns," he said. Rainmaker research shows that while super fees are trending down, currently sitting at about 1% for MySuper products, the pace of these fee reductions is too slow. For example ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
Colonial First State will pay $100 million to settle a class action over fees that were illegally charged to members to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... advice. "Super is not a sector known for its self-control when it comes to fees. Australians have been paying more on super fees than on electricity. Opening up a vein for advice fees to drain people's retirement savings without control is reckless," ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... super, transition to retirement and pension accounts, as well as the management fee on some of its funds. Regarding super fees, Australian Ethical dropped its conservative option to 0.61% from 0.69%, growth option to 1.01% from 1.11%, high growth option ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
AustralianSuper has raised the fees of most investment options on account of its recent investments in several large infrastructure and property assets. The fund's balanced option, in which more than 90% of its members are invested, saw its fees ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... is controlled by not-for-profit funds. Further, Rainmaker analysis has previously shown that two-thirds of all the super fees - in dollars - a member will pay over the course of their life will be paid after they've retired. Couple this with their ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
APRA has told the $1 billion super fund to improve its governance after a review found deficiencies with its board. The directions follow a review of NESS Super's governance and an independent review conducted by NESS which identified skill gaps ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... issue for the retail sector, the research suggests. Previous analysis by Rainmaker shows that two thirds of all the super fees members will pay throughout their lifetime will be paid in retirement. "This, combined with retirees' high balances, makes ...
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