What happened
Brighter Super launched two new passive investment options on October 1: Indexed International Shares and Indexed Australian Shares. Both choices carry investment fees and costs of 0.08 per cent per annum with zero transaction costs. The options are accessible across Accumulation, Pension, and Transition to Retirement accounts, tracking the MSCI World Index and S&P/ASX 300 Accumulation Index.
Why it matters here
Management fees directly reduce total superannuation balances over time. By offering 0.08 per cent indexed options, super members can construct diversified low-cost portfolios suited to their risk tolerance without paying active management fees. This brings competitive indexing choices to accumulation and pension phase members alike.
What to watch
Monitor upcoming quarterly fund performance reports to evaluate how the new indexed option menu tracks against broad benchmark indices after fee deductions.
Source
financialstandard.com.au