Online retailer Kogan.com has launched a new low fee superannuation fund - Kogan Super - with Mercer. Kogan Super is a plan in the retail division of Mercer Super Trust.
"More than ever, Australians are turning to low-cost super funds to ensure that their retirement savings aren’t being eroded over time by high fees. By leveraging our digital capabilities and delivering the superannuation needs of Australians online, Kogan Super can substantially cut annual fees for account holders,” Kogan.com founder and CEO Ruslan Kogan said.
Total fees range from 0.45 per cent to 0.67 per cent depending on the investment option.There are five indexed investment options offered across the risk spectrum.
“Kogan Super offers a best practice online sign-up and account information experience. It combines Kogan.com’s strength in providing compelling customer-facing online experiences with Mercer’s global investment expertise, robust backend systems and fund administration capabilities,” CEO of Mercer Australia, Ben Walsh, said.