POWERED BY MOMENTUM MEDIA
Christian Super announces fee changes ahead of 1 July
Christian Super will reduce its fees from the start of the next month, with the fund declaring that the cuts mean that “most members” will be paying less.
The fixed administration fee on superannuation accounts would be reduced to $1.25 per week, while its variable counterparts would increase to 0.27 per cent. Exit fees would be removed, in line with Government reform, while a three per cent cap for low-balance accounts would be introduced to meet legislative requirements. This cap wouldn’t include insurance premiums.
For members in mixed asset class options, the combined investment fee and indirect cost ratio would see reductions of 0.02 to 0.15 per cent, and those in ethical options would see the same elements reduced by more than half, to 0.17 per cent.
“As a profit-to-member fund, we aim to keep fees as low as possible, while still providing excellent service. This fee reduction is a great outcome for our members and is the direct result of the strong ongoing growth we have experienced as a fund,” Christian Super chief executive, Ross Piper, said.
“We know a number of funds are considering raising their fees to cover the impacts of the Protecting Your Super reforms and are delighted to be able to reduce our fees while incorporating these changes.”
Recommended for you
The pace of economic growth in Australia is expected to “grind higher over coming quarters” off the back of lower inflation, falling interest rates, and a robust labour market, Deloitte has said.
The superannuation sector has welcomed confirmation that a controversial US tax provision will be removed.
A new analysis from environmental finance group Market Forces has reportedly discovered that AustralianSuper is on the b...
Treasurer Jim Chalmers has held talks with US Treasury Secretary Scott Bessent, intensifying efforts to resolve concerns over section 899 of the proposed “Big Beautiful Bill” in the United States.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
