Our fees will change on 1 May under the new PDS

A new PDS for Cruelty Free Super will come into effect on 1 May 2018.

As part of this new PDS we have introduced a reduction in our fees and a restructure to them.

Our fees are changing

Thanks to a committed community of members, Cruelty Free Super has been growing much more quickly in recent months and we’ve got more members and funds under management than ever before. Thanks to this growth, we’ve been able to successfully reduce some of the fixed costs required to run and operate the fund. We believe that when we make significant savings, this should go back into our members’ pockets.

So, we are very excited to introduce the fund’s first fee reduction. Lower fees make ethical investing an easier decision.

The total fees will be disclosed in our updated Product Disclosure Statement (due to be published on 1 May).

Here is a breakdown on our fee changes.

What hasn’t changed:

  • No switching fees
  • No advice fees
  • No indirect costs
  • Our buy-sell spread is 0.07% / 0.07%

What has changed:

  • Total investment & admin fee reduced from 2.0% to 1.89%
  • Removed $100 exit fee
  • The breakdown of the investment fees, administration fees and indirect costs are different under the new model:

Want to know more?

Our friendly team is always here to help. If you have any questions about these changes, please don’t hesitate to get in touch with our fantastic Member Advocacy team. You can reach us on:

email: hello@crueltyfreesuper.com.au

phone: 1300 022 762

Yours in a kinder, more compassionate world,
Noelle Greenwood
General Manager, Cruelty Free Super
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