AvSuper News

AvSuper named as 2017 ACT small employer for the Defence Reserves Support Council

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.

Defence Reserves Support COuncil Small Employer Award, 2017

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.  

AvSuper CEO with reservists Wilson Lau (Army) and Scott Malpass (Airforce), holding the award

AvSuper CEO Michelle Wade with reservists Wilson Lau (Army) and Scott Malpass (Airforce)

Michelle
Michelle Wade CEO

Investment fees reduced!

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
Cash 0.12% 0.05%
International Shares 0.98% 0.85%

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
Michelle Wade CEO

Graphic of colourful planes soaring upwards

AvSuper annual review and annual report

AvSuper annual review and annual report

As part of our annual review of the Fund, we prepare our annual Trustee report and a member statement for each member.

Front cover of teh 2017 AvSuper annual report, showing aviation fire trucks

Annual Trustee Report to Members 2017

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).

Michelle

Michelle Wade
CEO

 

 

 

 

 

*  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.

Reduced Income Stream administration fees

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.Couple on runway with arms extended like wings

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.

If you have any questions about this change, or any other aspect of your income stream account, please contact our Member Advice Team on 1300 128 751, by email or through AvChat.

Michelle

Michelle Wade
Chief Executive Officer

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Phone 1300 128 751 (Local call)
Email:
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