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Multiple Super Choice?

Multiple Super Choice?

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Old Aug 3rd 2005, 1:17 am
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Default Multiple Super Choice?

Given the recent changes to the options we now have with Superannuation, has anyone actually done anything different with their contributions?
Has anyone done any research into what are considered the better/worse funds?
I would of thought there would be some comparison type websites, trying to make it a bit clearer for people to try and understand the options they now have and comparing fund performance, fees and management costs etc
I havent come across anything, has anyone else?
Steve
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Old Aug 3rd 2005, 1:25 am
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Default Re: Multiple Super Choice?

I saw an independent financial advisor (if such a person exists) a couple of weeks back, so hopefully will his recommendations soon. He was explaining to me the tax benefits etc. to a super. I haven't had a chance to do any more research myself since the meeting.
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Old Aug 3rd 2005, 1:33 am
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Default Re: Multiple Super Choice?

Originally Posted by bal56
I saw an independent financial advisor (if such a person exists) a couple of weeks back, so hopefully will his recommendations soon. He was explaining to me the tax benefits etc. to a super. I haven't had a chance to do any more research myself since the meeting.
Have a look at this newspaper report today: http://www.theage.com.au/articles/20...748639441.html

I don't envy anyone trying to choose between funds, but I would be looking for one that doesn't pay commision to a broker.

( I would never have said that when I WAS a broker )
 
Old Aug 3rd 2005, 1:45 am
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Default Re: Multiple Super Choice?

Originally Posted by ABCDiamond
Have a look at this newspaper report today: http://www.theage.com.au/articles/20...748639441.html
Intersting article, I think there's a lot of confusion out there, and the benefits they thought joe public would get from the changes havent really been realised (or more probably understood).

I have a financial adviser attached to my fund from my previous employer (now a personal plan) Ive never met him, spoke to him or received anything from him... I rang up BT and asked if he was costing me anything, I got a pretty non conclusive answer, but they were supposed to me sending me a form about 2 weeks ago... I think they are saying he is paid out of the fees they take from the fund, so it isnt costing me anymore to have him
Originally Posted by ABCDiamond
I don't envy anyone trying to choose between funds, but I would be looking for one that doesn't pay commision to a broker.

( I would never have said that when I WAS a broker )
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