Super Fees

The Senator has rightly identified the level of fees as a significant issue for super.  The Senator has used the example that if fees are 200 basis points – rather than 100 basis points – this difference could over 30 years reduce the final return by up to 20%.

Possibly the issues are – what services are being provided for the fees and whether the members want, value or need those services.

Also, the Senator should not underestimate the impact of regular changes in government superannuation and retirement incomes policies, and their impact on IT systems costs.