Big West Australian fund GESB has reduced the fees applying to its Retirement Income Allocated Pension.
GESB General manager of wealth management, Fabian Ross, said the reduction in costs to administer the scheme as well as managing investments has enabled GESB to pass on cost-savings to members, equating to an annual saving of $20 for every $10,000 a member has in their account.
GESB is the largest superannuation provider in Western Australia with more than 320,000 members.
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