superannuation funds
#1
BE Enthusiast
Thread Starter
Joined: Aug 2003
Location: Manchester UK to Sydney, then decided Gold Coast, stayed there for 8 months and now back in sydney
Posts: 486
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
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
#3
Re: superannuation funds
2 companies that I use and am happy with are MLC and Colonial First State.
#4
Re: superannuation funds
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.
#5
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.
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.
#6
Forum Regular
Joined: Mar 2007
Posts: 39
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
Have a look at the two following sites for some background:
www.superratings.com.au
www.selectingsuper.com.au
#7
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.
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.
I also did not use an advisor and did my own research.
#8
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
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.
Advising in this area is what they do for a living.
Best regards.