Can anyone recommend a low-fee personal super fund?

SpacePete

SpacePete

Well-Known Member
Silver Stacker
Thinking of switching from Colonial First State. Any recommendations?

Thanks!
 
I did the research a few years ago and moved from BT (Westpac) into Sunsuper. Fees were much lower.

Try taking a look at the ratings websites like Canstar. Usually they provide comparisons.
 
Low fees are good. BUT it's not everything. Check out historical returns etc etc.

A higher fee fund with 2.5% fee giving you 10% return is better.....
A lower fee fund with 0.5% fee giving you 5% return is shite in comparison.
 
When you check the returns P.A. check the losses in 2007 to 2009. See which ones performed best when the markets went into the red.

Regards Errol 43
 
Ipv6Ready said:
Low fees are good. BUT it's not everything. Check out historical returns etc etc.

A higher fee fund with 2.5% fee giving you 10% return is better.....
A lower fee fund with 0.5% fee giving you 5% return is shite in comparison.
Click to expand...

+1 for that. There was $70k difference between the best and worst performing Super over the last decade on $100k so saving a few hundred on fees might not be worth it. I always hear good things about Care and Rest.

Surprised you don't have an SMSF.
 
Australian Super (industry fund) no good, Pete?
Been with them for years, they doing well.
 
I changed from First State to ING Living Super a month or so back.

Wasn't so much about fees but the ability to choose my own direct investments. Still not as good as a SMSF but it's only 1 step away.

One thing to watch out for is the life insurance. If you have it you can't transfer it and a new policy will potentially sting you or put you on a waiting list.
 
That's a good point about having some selection. Sunsuper (as I'm sure a lot of the larger funds do) provide a large range of managed funds/ETFs within their portfolio and allow you to allocate yourself. I started out doing this but then re-allocated to a life-cycle fund which automatically changes your risk profile and allocation as you get older.

As for returns, you unless you are a sophisticated investor (and even if you are one), for super you would probably want to go with the index fund strategy of taking a tiny slice of the whole market and take the average market return (with much lower fees). Almost no actively managed fund (with much higher fees) can beat over a long period of time.
 
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