Fri, 18th Oct 2024

In this week's Superannuation news, Financial Services Online discusses Australians' confusion around Super Fund fees, despite transparency guidelines like RG97. A Vanguard Australia survey reveals only 1% of Australians fully understand these charges. Although most are aware of administration fees, comprehension of investment and transaction fees is lacking. AustralianSuper's significant move into the US data centre market is also discussed, marking a shift in their global strategy. With $2.2 billion invested in DataBank and a $2.5 billion stake in Vantage Data Centers, AustralianSuper positions itself as a key player in tech investments alongside the likes of the Canada Pension Plan Investment Board. These investments reflect AustralianSuper's vision to capitalize on the growing digital economy.n