Over the past few years, technology has improved the efficiency of administering super funds. 

This has led to reduced costs in managing the funds.  When looking for a super fund these days, the costs are up to 30% less than what they were 3 years ago.  The super funds however are not always passing these cost savings onto the members, and it is only when a member “shops around” that a better deal can be found.  Don’t wait around for your superannuation fund to reduce their fees, look at the offers around.  Greater competition in this area has also led to reduced fees.