Telstra Super cuts admin fees

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AUSTRALIA- Telstra Super, the A$11bn (US$11.8bn) corporate superannuation fund, will cut administration fees on its retail product Telstra SuperPersonalPlus from 0.6% to 0.2% in July.

The administration fee will be accompanied by a member fee of A$1.50 per week. Telstra Super calculates that a member with A$50,000 in the fund's balanced option, for example, will see their member...

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