Super fees twice as high for under 35s

Original article by Michael Roddan
The Australian – Page: 6 : 10-Oct-19

Rainmaker Information Services has released a report which shows that workers who are under the age of 35 pay an average fee of 2.3 per cent, compared with just 1.2 per cent for those aged 35+. The report also contends that male workers pay an average of 1.1 per cent in super fees, compared with 1.3 per cent for female workers. Alex Dunnin of Rainmaker stresses that super funds are not overcharging or ripping members off; rather, the super industry has not been designed with young workers and those with low balances in mind.

CORPORATES
RAINMAKER INFORMATION SERVICES PTY LTD, AUSTRALIA. DEPT OF FINANCE

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