Commercial Super funds – what it costs – and Retail vs Industry cost savings

 

Basics about Super

Basics about Super

Retail superannuation funds are not passing on cost savings to members because of a tendency to recommend in-house products, the prudential regulator has found. A study by the Australian Prudential Regulation Authority found that while large not-for-profit industry funds incurred lower investment management costs than smaller schemes, the same was not true of their retail rivals, which are owned by the big banks and listed wealth companies. According to APRA, the investment management expense of the smallest 20 per cent of industry funds was 1.6 per cent, against a 1.3 per cent fee for the biggest 20 per cent of funds.
Retail super members losing out on savings & Commercial  Super Fund Costs
27 March 2012 | Sally Patten, The Australian Financial Review, page 10

Advertisements

About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in Basics about Super and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s