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Lower investment fees effective from today

Investments  |  1/02/2016  |   2 min read

The lower investment fees announced in December for all our super (accumulation) and pension members take effect from today,

1 February 2016.  The fee reductions apply to all investment options except Cash:

 
Investment option Current fee (%pa) New fee (%pa) Change (%pa)
Growth Plus 0.65 0.59 -0.06
Growth 0.68 0.61 -0.07
Balanced Growth 0.65 0.58 -0.07
Equip MySuper 0.65 0.57 -0.08
Balanced 0.57 0.50 -0.07
Conservative 0.45 0.38 -0.07
Australian Shares 0.60 0.56 -0.04
Overseas Shares 0.66 0.59 -0.07
SRI (Australian Shares) 0.55 0.53 -0.02
Property 0.75 0.72 -0.03
Diversified Fixed Interest 0.40 0.36 -0.04
Cash 0.06 0.06 0.00

The reduction amounts to 15% to $463 p.a. for an Equip MySuper member with a $50,000 account balance.

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