About 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%.
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 | Jamie WilliamsonJamie Williamson is editor of Financial Standard. Prior to this she was a senior journalist, covering wealth management including financial advice, superannuation and life insurance. Before turning to journalism, she worked in public relations, specialising in financial services. She has a Bachelor's degree in communications from the University of Newcastle. |
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Australians who have super with AMP are set to save money after the fund slashed its fees by up to 30%.
For the first time ever, there are now no all-male boards within Australia's top 200 companies.
AMP is in ASIC's sights once again, this time for charging 1540 super customers more than $600,000 for financial advice they did not receive.
ASIC is suing AMP for charging clients more than $500,000 for insurance and financial advice, even after being notified of their death.
Zuper is closing its doors less than three years after launching, giving members just weeks to move to a fund of their choice.
Have you ever called your super fund to find out if you have enough insurance, only to be left feeling confused, overwhelmed or uncertain? You're not alone.
Members of merged super funds have a lot to smile about, with fees dropping an average of 21%.
AMP has dominated headlines recently with accusations of sexual harassment, but the scandals and shadows date back decades.
Two Westpac subsidiaries and a major superannuation provider are in hot water after they were found to have charged members for financial advice they never received.