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Showing 1 - 10 of 48 results for "Superannuation fees"

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... super trustee charging fees correctly and providing accurate, clear and timely information to members about superannuation fees," she said. "Members should be confident that their retirement savings are not reduced over time by superannuation trustees ...

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
... group, they've lost their low-fee edge." "It's retail funds that are now leading the fight to lower superannuation fees. Industry funds instead appear to be focusing on their returns after fees."

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... considered to be a well-priced system charging fees around the OECD median. This has fuelled the view that superannuation fees in Australia are competitive and that we should be wary of the never-ending push for fees to keep going lower," Dunnin said. ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... Slater and Gordon has filed a second class action against Colonial First State for allegedly charging excessive superannuation fees to fund outgoing commissions paid to financial advisers. The class action is on behalf over 500,000 Australians and is ...

Industry fund cuts admin fee

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
... superannuation accounts with balances less than $6000 at 3%. "Recently, there has been an increasing focus on superannuation fees, especially for members with lower balances. It was a key focus area in our annual fee review," UniSuper chief executive ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
... in MySuper administration fees would equate to only a 7% reduction in total MySuper fees, or 1.5% of total superannuation fees, but added: "a reduction in fees, however small, is good for the industry and will ultimately benefit consumers." DAE noted ...

Banks charging more for less in super

ALEX BURKE  |  MONDAY, 29 MAY 2017
Retail funds collected $8.7 billion in superannuation fees in 2016 despite delivering 2% less per annum in performance over 10 years, according to Rainmaker research. The Rainmaker report was commissioned by Industry Super Australia, which argued that ...

Super objective crucial to Commission review

DARREN SNYDER  |  MONDAY, 28 NOV 2016
... fees, product innovation and higher returns for consumers." "Consumers are right to expect improvements in superannuation fees and services, however for too long now the anti-competitive and outdated industrial system has stifled competition and in many ...

Super fund investment transparency can improve

DARREN SNYDER  |  FRIDAY, 23 SEP 2016
... disclosure come following ASIC recently saying it is motivated by the inconsistent and under reporting of superannuation fees. The regulator is also working closely with the industry on performance reporting. On top of its survey, an industry analysis ...
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