Future Super cuts fees

5 January 2021
| By Jassmyn |
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Future Super has reduced its fees on all of its investment options starting this month after the fund saw huge growth last year. 

The fund said it had a 200% increase in new members compared to 2019. 

Future Super chief executive, Kirstin Hunter, said: “There’s a long-held view that ethical funds are more expensive, however the fee reductions we’re announcing bring our balanced index fees to well-below the industry median.  

“These lower barriers mean that more Australians will be investing in a future that they want to live in.” 

The fund’s new fees were: 

Investment   

Option 

Admin Fee % 

Admin Fee $ p.a. 

Investment   

Management Fee 

ICR  

Fee per $50,000 balance 

Balanced Index  

0.554%  

$93.60  

0.20%  

0.12%  

$530.60 

Balanced Impact  

0.554%  

$93.60  

0.804%  

0.12%  

$832.60 

Renewables   

Plus Growth 

0.554%  

$93.60  

0.804%  

0.13%  

$837.60 

Pension  

0.554%  

$93.60  

0.20%  

0.12%  

$530.60 

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AUTHOR

Submitted by Kim Renshaw on Wed, 01/06/2021 - 09:18

A Balanced Index fund at $530 p.a. may below the industry median, but is pretty darn expensive for an indexed fund.

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