superannuation funds
 

hi there
we are looking into a superannuation fund for my partners job (he works in IT) and we are not sure who to go with. where do we start etc? any help/advice would be very much appreciated
thanks

Re: superannuation funds
 

try here:

http://www.choice.com.au/subCat.aspx...1&catId=100268

Re: superannuation funds
 

2 companies that I use and am happy with are MLC and Colonial First State.

Re: superannuation funds
 

Why do you like Colonial First State? I have no opinions of them, I'm just wondering :)

When my husband got his job a few months ago we just went with Colonial because that's who the company was associated with, and also because we didn't have a clue! My husband said the guys at work don't keep their super with them because they have lots of fees so you don't gain much (their statement not ours). So we're starting to look into everything.

So just wondering what you like about them.

Re: superannuation funds
 

Virgin Super

http://virginmoney.com.au/superannuation/

I used to be with BT, but found Virgin had much lower rates - I also like the "no jargon" approach and everything can be managed on-line.

Re: superannuation funds
 

It's worthwhile looking at the public offer funds, such as AustralianSuper. The retail funds eg. BT/CFS are often "pushed" by financial adviser because they get a trail commission - they generally charge higher management fees, although they (only) sometimes offer a wider range of investment options. You've probably seen the TV ads... there's more than a grain of truth in them.

Have a look at the two following sites for some background:

www.superratings.com.au

www.selectingsuper.com.au

Re: superannuation funds
 

Sure. The fund I have with them is slightly higher risk and the growth at the moment is very good - although I'm sure this recent market turmoil is going to knock that down a bit! They are part of Commonwealth bank and have a good reputation in my opinion.

I also did not use an advisor and did my own research.

Re: superannuation funds
 

Speak to a competent and reasonably priced financial advisor.

Advising in this area is what they do for a living.

Best regards.