Superannuation Fees – Financial System Inquiry

This report examines the potential reasons by looking at the potential impact that various factors may have had on fees and fund expenses over the past decade.  The report addresses changes in fees over 10 years, a breakdown of fees into components (operating expenses, investment expenses and margins of fees over costs) and sub-components and an attribution analysis showing causes for increases/decreases in fees over the last decade, including:

• market forces
• impact of regulatory change
• factors affecting operational expenses
• factors affecting investment expenses