Bowen signals performance fees change
The Federal Government has signalled that it may be prepared to implement changes to fund manager remuneration via performance fees.
Discussing the issue in a radio interview, Bowen indicated that the Government was considering picking up a specific recommendation of the Cooper Review with respect to performance fees as part of a holistic approach to reducing the cost of superannuation.
He said that the Cooper Review had dealt with performance fees and the need for the establishment of a standard fee.
“The Cooper Review does deal with performance fees and it does indicate that they need to be a standard across the board to ensure that performance fees are paid when performance is good, and that’s certainly something that we’re pursuing,” Bowen said.
AUTHOR
Mike Taylor
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