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.”
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