POWERED BY MOMENTUM MEDIA
Spirit Super drops admin fees
MTAA Super and Tasplan officially merged today to become Spirit Super and have announced a reduction in its administration fee.
From today, the fund’s flat rate admin fee would decrease from $1.50 per week to $1.30 per week, and its total admin fee cap would reduce from $528 per year to $517.60 per year.
Spirit Super chief executive, Leeanne Turner, said the purpose of the merger was to provide better service, products, and value to members.
“We’re currently in a transition period as we move to a single administration system,” Turner said.
“For members, this will mean some transactions will be limited or delayed for the next month. That said, our call centres are always on hand to help members with any queries they may have.”
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
