Kogan and Mercer launch index-based super fund

21 August 2019
| By Jassmyn |
image
image
expand image

Kogan and Mercer have launched Kogan Super that seeks to offer Australians a low-fee index-based superannuation product.

In an announcement, the fund said it would provide members simplicity such as a short online joining process, easy digital account management, five simple investment options based on a member’s risk tolerance, and super account consolidation upon sign up.

The investment options included enhanced index growth, enhanced indexed conservative growth, indexed Australian listed property, indexed diversified shares, and cash.

The fund would also allow members to create a customised investment option by mixing from the five options, and default death and total and/or permanent disablement insurance for eligible members.

Kogan.com chief executive and founder, Ruslan Kogan, said: “More than ever, Australians are turning to low-cost super funds to ensure that their retirement savings aren’t being eroded over time by high fees.”

“By leveraging our digital capabilities and delivering the superannuation needs of Australians online, Kogan Super can substantially cut annual fees for account holders,” he said.

“Kogan Super provides a no-frills, low cost, index-based offering with low fees enabling Australians to invest and grow their hard-earned money for the future.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 4 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 4 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 5 hours ago