Prime Super announces zero administration fees for low balance members With the Government’s Protecting Your Super (“PYS”) taking effect from 1 July 2019, Prime Super has assessed the impact of these initiatives on its membership and has announced that from 1 July 2019, members with balances below $6,000 will not be charged administration fees. CEO Lachlan Baird said, ‘There has been speculation that the Protecting Your Super reforms will force fees up as super funds are required to transfer large numbers of inactive account balances to the ATO. Prime Super is in a position that allows a fee reduction for...