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Sunsuper reduces pension fees
Big Queensland-based fund Sunsuper has cut the administration fees applying to its pension products.
Sunsuper chief executive Tony Lally said the fee cut could save members up to $300 a year and was aimed at easing pressure on them during the current global financial crisis.
The fee cut will become effective from May 1 and apply to the Sunsuper Retirement and Workforce pensions, with the fee reduced from 0.35 per cent to 0.25 per cent on the first $300,000 a member has in their account.
AUTHOR
Mike Taylor
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