POWERED BY MOMENTUM MEDIA
UniSuper ranks for lowest-fee super funds
UniSuper’s Accumulation 1 fees are within the lowest 10 per cent of all funds, while the super funds’ MySuper investment option fees are the fourth, third and second lowest for balances of $25,000, $50,000 and $250,000 respectively, according to Chant West.
In a review of fees charged by Australia’s 100 largest super and pension fund providers across multiple investment options, UniSuper came out strongly, and recorded one of the nation’s lowest overall totals for fees.
The super funds’ Accumulation 1 Balanced option had fees of 0.75 per cent on a balance of $50,000 placed it below the average of 1.14 per cent, while the UniSuper Flexi Pension Balanced option’s fees of 0.63 per cent on a balance of $250,000 were also ahead of the industry average (1.24 per cent).
Commenting on the Chant West findings, UniSuper head of product, Ian Lorimer said low costs and competitive returns made a noticeable difference over a long accumulation period.
“Due to the very long-term nature of super, these differences can add up to tens of thousands of dollars at retirement,” he said.
The top ten super fund offerings as currently ranked by Chant West were held by AMP, AustralianSuper, BT, BUSSQ and CBUS.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
