[PDF] Super Scoop 2001 - QSuper - Queensland Government

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Any way you look at it, you benefit from low fees QSuper prides itself on being one of the lowest cost funds in Australia. By keeping fees low, more of your money is working to finance your future! What does this mean for your money? Average of QSuper competitors Assumed 5% 5% return minus 1.69% 0.32% Management Expense Ratio (MER) Your money 3.31% 4.68% grows by The QSuper Board of Trustees recently commissioned an independent report, by consultants Towers Perrin, to investigate how low QSuper’s fees were compared to other funds. The report found that QSuper provides excellent value to members. In the past, the QSuper Board of Trustees set the fees to be charged for administration and investment up to 0.35% p.a. For the 2000/2001 year, fees for QSuper members were 0.264% p.a. The returns members receive are determined after this fee and a taxation provision are deducted daily. Balanced with Reserves members also have a provision deducted from investment earnings to fund the investment reserve. A member with funds in the VPP (closed) option pays an additional 0.35% p.a. for the capital guarantee provided. Defined Benefit accounts (including State and Police accounts) provide a benefit based on a multiple of salary calculation, so fees and investment returns don’t directly affect your end benefit. A crediting rate, which has a fee deducted for management, insurance and tax expenses, is applied to the contributions that you pay into your account. Another way of looking at fees is to use a Management Expense Ratio (MER). You may have seen MERs referred to in superannuation or investment fund documents, or seen an adviser use MERs to compare funds. An MER is one way to measure the total cost of your investment, and includes manage-ment, trustee and other expenses such as custody fees and audit fees that are incurred by all investment managers when investing funds. These costs are not generally included in the administration and investment fees stated, but rather reflected in the declared return. It allows you to compare the fees of different funds using a consistent formula, which has been developed by the Investment and Financial Services Association. In future, QSuper will also be using MERs to advise fees charged so you can more easily compare our fees with other funds. When Towers Perrin compared QSuper’s fees calculated on an MER basis, they found that QSuper’s MERs are “well below those charged by retail and master funds”, and represent “a significant benefit to members”. This means more of your money is working to finance your future. • The following table shows just how low QSuper’s fees were over the 2000/2001 year compared to the alternatives. CASH CASH PLUS BALANCED HIGH GROWTH WITH RESERVES AND BALANCED QSuper MER 0.28% 0.30% 0.32% 0.41% Average competing funds* 1.22% 1.41% 1.69% 1.71% Highest competing funds 1.85% 1.85% 2.12% 2.26% Lowest competing funds 0.75% 1.20% 1.40% 1.20% * Retail funds; fees charged as a percentage of assets per annum. 12 SUPERSCOOP QSuper 2001 Annual report to members
QSuper 2001 Annual report to members SUPERSCOOP
Page 1 and 2: QSuper 2001 Annual report to member
Page 3 and 4: QSuper Board of Trustees Standing (
Page 5 and 6: and all points in between. The occu
Page 7 and 8: Cash Plus Returns 2000/2001: Accumu
Page 9 and 10: Every tool you need to build a secu
Page 11: “With QSuper I can choose between
Page 15 and 16: I’ve decided Qto salary sacrifice
Page 17 and 18: SAVING IN your 20s SAVING IN your 3
Page 19 and 20: With over 160 seminars, QSuper is c
Page 21 and 22: Cathy Head is a Superannuation Offi
Page 23 and 24: FINANCIAL HIGHLIGHTS AND SUMMARY QS

[PDF] Super Scoop 2001 - QSuper - Queensland Government

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