ASIC fees and cost changes
On September 30, the Australian Securities and Investments Commission (ASIC) made significant changes to the way super funds must disclose fees and costs to members. These costs are referred to as RG 97.
The requirements are designed to bring greater transparency to fees and costs. They also provide investors with more information about the total cost of investing.
At CSC, we have always believed in transparency when it comes to fees and costs. This belief extends to how we invest.
Our commitment to transparency is also why we publish detailed investment disclosure information online. This means you can make informed decisions about how your super is invested.
We don’t hide fees because we have nothing to hide. Our competitive fees are just another way we help you get the most out of your super.
Furthermore, PSSap fees are highly competitive. In 2017, Superratings upgraded our overall ranking from Above Benchmark to Well Above Benchmark.1
Net Benefit – A better guide
While fees are one aspect that impacts your retirement benefit, looking at the total Net Benefit (that is, investment performance less fees, costs and taxes) over the long term is a much better indication of how a fund is performing.
Get more information
For more information about ASIC’s new disclosure requirements relating to fees and costs, go to the ASIC website.
For details about PSSap’s fees and costs, see Fees and other costs.
For information about PSSap’s investments, see Investment Disclosure.
1As assessed and rated by SuperRatings Pty Ltd (ABN 95 100 192 283) - an independent research house that assesses superannuation funds on 24 February 2017. Past performance is not indicative of future performance. Find out more about our super ratings.