We are pleased to announce that from 25 June 2020 we will be passing on reduced investment costs to members in the MySuper option. The Indirect Cost Ratio for the MySuper investment option will reduce from 0.32% of assets per year (estimated) to 0.00% of assets per year (estimated).
What does this mean?
If your balance was $50,000, you will be charged $360 per annum for the MySuper product. Fees and costs may not necessarily be the same in future financial years. Refer to the MySuper dashboard and the Product Disclosure Statement for more information on product fees, performance and risk.
What do I need to do?
No action is required. These changes will take effect automatically.
If you have any queries or would like more information please contact us on 1300 264 264 or email firstname.lastname@example.org