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Significant Event Notice - Lower fees from 1 October 2020

 

We’ve reduced one of our investment fees and a buy sell spread.

As part of our continued focus to provide great value ethical investments, we've reduced the investment fee for our Defensive investment option in super and pension, effective 1 October 2020. We’ve also reduced the buy / sell spread for our International Shares option in super and pension, effective 1 October 2020.

These reduced fees may apply to your account with Australian Ethical Super. 

You can find details of the full list and explanation of our fees and costs on our pension fees page. If you have any questions, feel free to call our helpline on 1800 021 227, 8:30 am to 5:30 pm AEST (Monday to Friday). 

 

Type of fee or cost Fund name APIR code Change from Change from How and when paid
Investment fee Defensive AUG0107AU 0.40% p.a. 0.20% p.a. Investment fees are paid from the Fund’s assets prior to unit prices being calculated.
Buy-sell spread International Shares AET0001AU 0.10% p.a. 0.05% p.a. Applied to the unit price before processing each buy and sell transaction.

 

Type of fee or cost Definition
Investment fees

An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:

  1. fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees); and
  2. costs that relate to the investment of assets of the entity, other th‚Äčan:
  1. borrowing costs; and
  2. indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product; and
  3. costs that are otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.
Buy sell spreads A buy/sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.