We're reducing our fees
Significant Event Notice (SEN)
Our variable administration fee reduced from 0.22% to 0.18% per annum of your account balance. The following investment fees were also reduced.
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Our indirect cost ratio (ICR), which is incurred by the fund and is not deducted directly from your account, has also been reduced from 0.43% to 0.39% per annum for the MySuper Balanced option. All changes are effective from 1 October 2018. The changes to the MySuper Balanced option also apply to the Balanced option for pension accounts.
Member news November 2018