We are delighted to announce that an administration fee cap now applies to all of our member accounts.
This means that each financial year, starting from 1 July 2021, you will pay no more than $1,000 in percentage-based administration fees plus $1.15 per week or membership. There is nothing you need to do – we will monitor accounts and adjust the fees when the $1,000 cap is reached.
Accordingly, all of our product disclosure documents (PDSs) and member guides have been updated as of 1 October 2021.
As previously notified to members, our Growth (MySuper) option has a new strategic asset allocation (SAA) from 1 October and this is also incorporated into our new PDSs and guides.
If you have any questions about the fee cap, our new asset allocation or your AvSuper membership, please contact us.
We look forward to serving you,
Michael Sykes
CEO
