Fees
Acumen leverages one of Australia’s largest superannuation funds to create economies of scale that keep costs down. Our award-winning returns and profit-to-members approach mean higher net investment returns for you.
- Fees cover the cost of running the Fund only and are transparent and tailored to plan needs
- No establishment and contribution fee
- No ties to any investment manager, life office or bank
- Protection for small accounts
Two types of fees
User pays fees
- Usually deducted from your account
- Made up of administration and asset-based fees
- Occasionally employers pay some or all of these fees on behalf of their employees
Other management costs
- Change each year and vary for each investment option
- Not deducted directly from member accounts
- Made up of annual percentage fees for investment management
- Deducted from returns before unit prices are determined
- For the Core Strategy, they are deducted before crediting rates are declared and applied to your account.
- Other management costs for 2008/09
Every plan is different
Acumen is a tailored superannuation solution therefore fees are based on individual plan requirements. For details of all the fees applying to your plan, you should read your Benefit Schedule which is Part 2 of your Product Disclosure Statement (PDS).
Your PDS is available online in MemberAccess or by calling the Acumen Customer Service Centre on 1300 305 779.