Superannuation fund fees

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 into the, “often murky”, fees and costs that are “unwittingly… Read More »Impossible to compare super funds under new fee disclosure rules

High cost, low balance SMSFs are in ‘transition’ period: report finds

High relative operating costs experienced by SMSFs with small balances is indicative of a transition period, and not an ongoing situation, according to the June 2016 Class SMSF Benchmark Report. “Recent industry commentary has suggested that self managed super funds with smaller balances are not cost effective, citing that based… Read More »High cost, low balance SMSFs are in ‘transition’ period: report finds