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Showing 1 - 10 of 26 results for "Super fund fees"

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN | WEDNESDAY, 16 OCT 2024

... believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group, found 61% of Australians are unaware that their superannuation ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN | TUESDAY, 23 APR 2024

... different fee types to pass the performance test," it said. The submission also recommended continuing to assess super fund fees in the test but suggested raising the representative member to $100,000 for non-platform products and $250,000 for platform ...

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 ...

AustralianSuper increases investment fees

ANDREW MCKEAN | THURSDAY, 25 AUG 2022

... is still lower than the 1.08% average for MySuper that was recorded in the research house's 2021 review of super fund fees. When directly compared to the MySuper options of similar large funds, Australian Retirement Trust's QSuper product has ...

Rest cuts administration fees

JAMIE WILLIAMSON | THURSDAY, 30 JUN 2022

... Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen between 2018 and 2021.

Future Fund becoming more expensive to operate

KARREN VERGARA | THURSDAY, 28 OCT 2021

... of directly held assets, a Senate Committee report recommended. Figure 1: Workplace not-for-profit and retail super fund fees vs. Future Fund fees

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON | WEDNESDAY, 20 OCT 2021

... indexing large portions of FUM. At present, indexed super options charge an average of just 0.12%. "This pressure on super fund fees, if it stays on its current track, could mean that in five years' time, average super fund fees could be as low as ...

MySuper fees could halve in 10 years

KANIKA SOOD | THURSDAY, 1 APR 2021

... Dunnin said. "But while the comparison is valid, it ignores the 2021 political reality that the debate around super fund fees in Australia has reset due relentless public pressure. "Explaining why this pressure has gained traction is that if the comparison ...

SMSFs most affordable: Research

KARREN VERGARA | THURSDAY, 18 OCT 2018

... charge members 1.23% on average - up from 1.17% in 2017. This calculates to about $32 billion per year paid in super fund fees, up 10% year-on-year, Rainmaker said. About two-thirds of the fees go to investment managers, while the remaining is spent ...

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 ...

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Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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