Changes to how all super funds report fees and costs

From 1 October 2017 super funds are required to change the way they calculate and disclose their fees and costs.

What’s changing?
The way existing fees and costs are calculated and displayed has changed and some new items will be included in the fees and costs reporting.

From 1 October 2017 you will notice that our investments fees and costs look different as they now incorporate additional types of investment costs (e.g. transactional and operational costs such as brokerage, stamp duty, admin and operating costs of interposed investments) that were previously included in our unit prices but were not disclosed separately.

This change will not impact members

The good news is this change does not impact our members or our net investment returns.

You won’t pay anymore as a result of the new disclosure requirements. This is about additional disclosure of investment costs that have always been there. In the past they were not individually listed, but they were included in the unit price. This does not mean there are new costs to you – it is just another level of disclosure that is now required. This additional disclosure has no impact on what you pay or the returns you receive compared to before.

Importantly there are no changes to the admin fee and account keeping fees that are deducted from your account.

fees diagram


From 1 October 2017 super funds are required to change the way they calculate and disclose their fees and costs.

What’s changing?
The way existing fees and costs are calculated and displayed has changed and some new items will be included in the fees and costs reporting.

From 1 October 2017 you will notice that our investments fees and costs look different as they now incorporate additional types of investment costs (e.g. transactional and operational costs such as brokerage, stamp duty, admin and operating costs of interposed investments) that were previously included in our unit prices but were not disclosed separately.

This change will not impact members

The good news is this change does not impact our members or our net investment returns.

You won’t pay anymore as a result of the new disclosure requirements. This is about additional disclosure of investment costs that have always been there. In the past they were not individually listed, but they were included in the unit price. This does not mean there are new costs to you – it is just another level of disclosure that is now required. This additional disclosure has no impact on what you pay or the returns you receive compared to before.

Importantly there are no changes to the admin fee and account keeping fees that are deducted from your account.

fees diagram