Add new comment

The issue is that default super fund members are compulsory paying an advice fee (via their ever-increasing admin fee) that they have not provided informed consent to the fund trustee, and have not opted into. If they nominate their default fund as their choice fund, and tick a box that they consent to these fees, that may be a different matter. But at this stage, no default super fund member has given informed consent to have these advice fees deducted out of their fund (saying it is in the admin fee, not the super fund account is simply playing with words].