We are delighted to have been awarded as the ACT small employer of the year by the Defence Reserves Support Council. This is in recognition of our support we have provided to two of our employees who are Australian Defence Force reservists.
The Employer Support Awards, hosted by the Defence Reserves Support Council (DRSC), are about recognising employers who have been particularly supportive of employees serving in the Reserves.
Michelle Wade CEO
I am delighted to inform our members that, effective 1 September 2017, the investment fees for some of our investment options have been reduced!
The changed investment fees from 1 September are as follows:
|Option||Old fee||New fee|
We’ve been able to reduce these fees as a result of our increasing scale and from negotiating improved pricing from some of our managers.
In accordance with our profit-for-member philosophy, we review our investment fees at least annually to ensure they remain competitive and represent a value for money to our members.
Michelle Wade CEO
As part of our annual review of the Fund, we prepare our annual Trustee report and a member statement for each member.
We are pleased to say that this process has been completed and statements and annual reports are being sent to members over the next week*. When they arrive, we encourage you to read both documents carefully.
Members can elect to receive either their member statement or their annual report, or both!, by either postal mail or via Member Online with an email reminder. You can adjust your choice for future years by logging into Member Online and following the ‘update’ link on the ‘Member details’ page. Either way, your statement will be accessible via Member Online in case you lose it or need to print a new copy at some point (statements are online back to June 2012).
* If your statement or annual report doesn’t arrived by mid-September, please let us know so we can check your contact details before reissuing your statement.
As a profit-for-members super fund, AvSuper is always working on ways to deliver better value and improve the quality of our products and services for our members.
It is therefore with great pleasure that I inform you that we have reduced our administration fees for all Income Stream members!
Nobody likes fees, especially when you are in retirement – which is why we like to keep ours low. Lower fees means more money in your account and your super will be able to go further in retirement.
It’s all good news for your income stream account. Effective from 1 July 2017, the percentage based element of your administration fee was cut from 0.23% per annum to 0.18% per annum. That represents a 20% reduction in the fees you will pay for the administration of your account!
At AvSuper we don’t consider fees in isolation. AvSuper is in a very strong financial position and we’ve worked hard to improve the efficiency of our administration services to be able to return the cost savings we’ve made to you, in accordance with our profit-for-members philosophy.
Chief Executive Officer