91����

From 1 June, 91���� will reduce the annual administration fee for retirement income and retirement transition members from 0.23% to 0.17% of a member’s balance. It has also cut the maximum annual administration fee on a retirement account from $1,500 to $1,300.

This could cut the annual administration fee for a retired member by up to 25 per cent^[F7]��, or for the average 91���� retiree member about $225 in the first year.²

91���� members who open a Retirement Income account may also be eligible for a tax-free bonus of up to $12,350, added to their balance.³

91����’s retired members will now pay some of the most competitive fees in the market, and this reduction will further boost retirement outcomes, with the average member now paying $600 less per year in total fees (including investment fees) than the market average⁴.

91���� Group Executive Member Growth Steve Travis said the $190 billion profit-for-member fund was determined to keep fees low and deliver the benefits of the fund’s increasing size and efficiency gains to its members.

“91���� is dedicated to helping our members reach their retirement goals and keeping fees low is one of the key ways we can do that,” Mr Travis said.

“We’re now the third biggest superannuation fund in Australia and we invest $190 billion on behalf of our 1.2 million members. We want to share the benefit of our size and scale by passing fee reductions on to our members. In the first year alone, this cut will save our retired members a collective $18 million in fees.

Aware was last week crowned the 2025 Pension Fund of the Year by Chant West for the second year running.⁵

More information at aware.com.au/member/campaign/lower-admin-fees

91���� is one of Australia’s largest profit-to-member superannuation funds, investing $190 billion around the world on behalf of our 1.2 million members. We strive to deliver strong long-term returns for our members,⁶ and the help, guidance and advice they need to prepare for and enjoy their best possible retirement.⁷ Visit aware.com.au

Visit the 91���� Newsroom for the latest news, announcements and insights from 91����.

2. Based on the average balance of an 91���� Retirement Income account member which is $375,000

3. Eligibility criteria apply. The payment of the Retirement Bonus is at the discretion of 91����. We reserve the right to change or stop offering the Retirement Bonus at any time, without notice. The Retirement Bonus is calculated and applied at the time your Retirement Income account commences and may differ from any estimate you have previously obtained. If you withdraw 50% or more of your Retirement Income account starting balance within 12 months of opening the account, 91���� reserves the right to deduct the Retirement Bonus from your Retirement Income account. Withdrawals include lump sum payments, rollovers, regular income payments, and one-off income payments.

4. Savings is the difference between the (reduced) 91���� Retirement Income Conservative Balanced option total fee at 1 June 2025; and the 'Overall average' total fee; as published in the Chant West Pension Fund Fee Survey March 2025: Balanced [41-60] Category based on a $250,000 balance. Fees may have changed since. Fees vary each year & include admin/investment fees and costs, & transaction costs. Fees differ for other investment options & account balances

5. Visit aware.com.au/awards for awards information. Awards��are��only one factor to be considered��when choosing��a��super fund.

6. 91����'s High Growth option return over 10 years to 31 March 2025. SuperRatings Fund Crediting Rate Survey, March 2025. Based on SR50 Growth (77-90) Index. Returns are after tax and investment management expenses but before the deduction of administration fees. Past performance is not an indicator of future performance.

7. Advice provided by Aware Financial Services Australia Limited (ABN 86 003 742 756, AFSL 238430), wholly owned by 91����.

Consider if 91���� is right for you and the PDS and TMD at aware.com.au/pds. Issued by 91���� Pty Ltd (ABN 11 118 202 672, AFSL 293340) trustee of 91���� (ABN 53 226 460 365).