Sunday, January 24, 2021
  • About
  • Advertise
  • Careers
  • Contact
Pension Changes
  • Home
  • Government Policy
  • Pension Changes
  • Pension Information
  • Pension Rights
  • Retirement Pension
No Result
View All Result
Pension Changes
Home Retirement Pension

Industry fund lowers fees | Financial Standard

July 17, 2020
in Retirement Pension
Industry fund lowers fees | Financial Standard
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The industry fund for coal miners has lowered investment and administration fees on pension products effective July 1.

Mine Super’s account-based pensions lowered the investment fees on four premixed options: aggressive (0.45% to 0.37%), growth (0.40% to 0.37%), balanced (0.35% to 0.31%), stable (0.28% to 0.26%) and capital guarded (0.28% to 0.26%).

Four asset class options in account based pensions also lowered their fees: Australian Shares (0.29% to 0.15%), international shares (0.34% to 0.15%) and cash (0.10% to 0.08%).

“As a profit to member fund we are always looking for ways to improve member outcomes. Through a strong cost discipline we have been able to reduce fees and costs across the majority of our investment structure, which in turn contributes to stronger retirement outcomes,” Mine Super chief investment Seamus Collins said.

Sponsored by Franklin Templeton
Report: Building stronger relationships with ESG investing

Account-based pension investment fee for bond options increased from 0.18% to 0.19% while term deposits and property option fees were held steady at 0% and 0.08% respectively.

Mine Super’s pre-retirement pension options will also drop investment fees on its pre-mixed options from between 2bps to 9bps.

Indirect cost ratios will also reduce across both account-based pension offering and pre-retirement pension offering. For example, aggressive ABP option will go from 0.41% to the new 0.23%.

The fund has held its monthly admin fee steady at $15 month.

— to www.financialstandard.com.au

Related posts

Don’t believe the pension poppycock … it’s a divide-and-conquer strategy.

Don’t believe the pension poppycock … it’s a divide-and-conquer strategy.

January 24, 2021
Parkland families demand Marjorie Taylor Greene resign over conspiracy theory the shooting was faked

Parkland families demand Marjorie Taylor Greene resign over conspiracy theory the shooting was faked

January 23, 2021
Previous Post

“NHR” under pressure in France and Portugal

Next Post

Investor collaboration on sustainability | Top1000Funds.com

Next Post
Investor collaboration on sustainability | Top1000Funds.com

Investor collaboration on sustainability | Top1000Funds.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

EU Court to Consider if an Irish Pension can be Exempted from a UK Bankruptcy Estate

Public Sector Pensions Update – January 2020

9 months ago
EU Court to Consider if an Irish Pension can be Exempted from a UK Bankruptcy Estate

Redundancy and early retirement – difficult choices for LGPS members

4 months ago
Women’s state pension changes drive record winter employment levels

Scrapping triple lock without detailed assessment would be ‘madness’ – Hymans Robertson

7 months ago
How Women Can Fight Future Financial Shortfall

How Women Can Fight Future Financial Shortfall

4 months ago

FOLLOW US

  • 79 Followers
  • 27.6k Followers
  • 40.7k Subscribers

BROWSE BY CATEGORIES

  • Government Pension Policy
  • Pension Changes
  • Pension Information
  • Pension Policy
  • Pension Rights
  • Retirement Pension
  • Uncategorized

BROWSE BY TOPICS

2021 2021 Pensions auto-enrolment age 18 auto enrolment pension contributions 2021/22 auto enrolment rates 2020/21 auto enrolment rates 2021/22 cashing in pension at 55 cashing in pension calculator cashing in small pension pots CCP retirement check my state pension Disabled pensions drawdown employer pension contributions 2021/22 government policy examples uk list of government policies uk minimum pension contributions 2021 minimum pension contributions 2022 new state pension Pension age pension issues pension ombudsman pension plan pension regulator Pensions Advisory Service Pensions Brexit pension scheme uk Pensions outlook retirement 2 million scams scheme funding Single mothers pensions State Pension State Pension age state pension changes state pension forecast State Pensions State triple lock taking pension at 55 the pensions regulator Therese Coffey uk pension age UK State Pension uk state pension age what is government policy uk

POPULAR NEWS

  • Multiemployer pension reform not happening this year

    Multiemployer pension reform not happening this year

    5 shares
    Share 0 Tweet 0
  • Exit payment cap: Implications for the LGPS

    0 shares
    Share 0 Tweet 0
  • Public Service Pensions Update | October 2020

    0 shares
    Share 0 Tweet 0
  • NEST: More than a pension | Country Report

    0 shares
    Share 0 Tweet 0
  • Builders were not self-employed, rules employment tribunal

    0 shares
    Share 0 Tweet 0

Follow us on social media:

Recent News

  • Don’t believe the pension poppycock … it’s a divide-and-conquer strategy.
  • Small pots working group report
  • Affordability checks could drive punters away from racing says bettors’ forum | Horse Racing News

Category

  • Government Pension Policy
  • Pension Changes
  • Pension Information
  • Pension Policy
  • Pension Rights
  • Retirement Pension
  • Uncategorized

Recent News

Don’t believe the pension poppycock … it’s a divide-and-conquer strategy.

Don’t believe the pension poppycock … it’s a divide-and-conquer strategy.

January 24, 2021
Guaranteed Minimum Pension (GMP) equalisation newsletter – July 2020

Small pots working group report

January 24, 2021
  • About
  • Advertise
  • Careers
  • Contact

© 2020 Please contact us on partnership@pensionchanges.co.uk if you would like to reach our audience.

No Result
View All Result
  • Home

© 2020 Please contact us on partnership@pensionchanges.co.uk if you would like to reach our audience.