POWERED BY MOMENTUM MEDIA
ADCU aims to reduce super fees
With research showing Australians are paying up to three times more than they should for superannuation, the Australian Defence Credit Union (ADCU) is launching two "low-fee" investment options.
ADCU chief executive, John Ford, said the credit union's Capital Guaranteed Super and Capital Guaranteed Pension funds were designed for those looking to protect their retirement lifestyle with a low-risk, capital guaranteed option for their savings.
Ford said the two option would give investors alternatives to accounts with not investment, entry or ongoing fees.
"We've taken on board feedback from those about to retire," he said.
"They don't want to risk their retirement nest egg nor do they want to see fees erode their effective rate of return.
"ADCU's Capital Guaranteed Super and Pension offers the ability to lock in your rate of return in advance via our fixed rate option — thereby providing a secure and predictable income stream.
"We see this service extension as an important step to assisting retired members with a dignified and well-earned retirement".
AUTHOR
Nicholas O'Donoghue
Nicholas is a journalist for Money Management and Super Review. Nicholas has several years experience as a journalist, reporting and managing websites for various news publications covering the medical and pharmaceuticals sector.
Recommended for you
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment