RG97 report finds it’s difficult for consumers to compare fee information

A report into the RG97 fee disclosure rules has found that it is difficult for consumers to compare fees for financial products, but the report has been welcomed by the superannuation and financial services industry.

Shortly after ASIC’s Regulatory Guide

Super fund fees ‘jump’ after new rules, but members shouldn’t worry

Average superannuation fund fees have ‘jumped’ following the introduction of new disclosure rules, but this is nothing for fund members to worry about says Chant West.

The average super fund fee increased by 0.19% – from 0.95% to 1.14% –

Impossible to compare super funds under new fee disclosure rules

New superannuation fee disclosure rules will make it impossible for consumers to compare super fund fees and costs, says Industry Super Australia.

Industry Super Australia (ISA) says that ASIC’s new Regulatory Guide 97 (RG97) was designed to inject greater transparency