POWERED BY MOMENTUM MEDIA
Spirit Super drops admin fees
MTAA Super and Tasplan officially merged today to become Spirit Super and have announced a reduction in its administration fee.
From today, the fund’s flat rate admin fee would decrease from $1.50 per week to $1.30 per week, and its total admin fee cap would reduce from $528 per year to $517.60 per year.
Spirit Super chief executive, Leeanne Turner, said the purpose of the merger was to provide better service, products, and value to members.
“We’re currently in a transition period as we move to a single administration system,” Turner said.
“For members, this will mean some transactions will be limited or delayed for the next month. That said, our call centres are always on hand to help members with any queries they may have.”
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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.
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