The Right Superannuation Fund For You

There are many types of superannuation in the market place and recently there has been plenty of advertising exposure in this regard as well. Most of these campaigns are focussed on the fees charged by the fund managers along with commissions received by advisers. As with many media campaigns the actual facts tend to get lost in the message.

For example the Industry Funds compare the cost of their balanced fund against a retail balanced fund that is managed by the one manager such as Amp or AXA. These figures may be correct, however they don’t compare the investments against the advice provided by an independently owned financial planner such as Roger who recommends a balanced fund that often includes up to 10 different investment funds managed by up to 10 different fund managers. These funds are some of the best investment funds managed in Australia and are available at a very comparable cost to any industry funds. Importantly you also get on-going advice by utilising Roger’s services.

Whilst fees and commissions need to be addressed the most important issue is the net return of the investments after fees. If you are charged high fees but outperform a lower cost option then you will be better off and if the adviser receives a commission from the fees as well because of his expertise that assisted with achieving a higher return then I don’t think this is an issue.