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Administration fees are one of the biggest drains on retirement savings and including them in the test will drive fast improvements to the super savings of over a million super members, according to Super Consumers.
How low can super fees go? How new changes will affect what you pay We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 3, 2021 — 11.00pm Normal text size Advertisement I told my six-year-old son this week I was preparing to write a column about superannuation. Superannuation, I briefly explained, is when you save money to buy things when you’re old and don’t want to work anymore. “You gotta have enough money until you die,” he responded, perfectly summarising longevity risks in one easy sentence. A proud mamma moment, indeed! Regulators are s...