What to look for

Past performance might be one of the first things you look at when comparing funds, but there's no investment crystal ball.

If you are to consider past performance, it's always wise to look at a fund over many years rather than just one or two. But remember, past performance is not a reliable indicator of future performance.

Returns are invariably linked to risk. You also need to weigh up potential performance against other factors such as risk, fees, benefits and service.

How does risk relate to performance?

Check whether your super fund provides a diverse range of investment options. If you are not happy with your investment returns, or think you could do more with your money, you may find there are other options within your existing fund. Depending on your financial needs and objectives, you can usually balance a range of lower and higher risk options within one super fund.

How do investment options compare?

Fees, returns and risk all affect your bottom line. You should consider fees and charges when choosing a fund, and you can find these in the Product Disclosure Statement (PDS).

But remember, fees may be higher for funds that offer more service and features. You should consider your needs and the benefits offered along with the overall returns after fees are paid.

What fees are you paying?

Choose a fund with other benefits, such as competitively priced insurance options for death, permanent disablement and income protection. You may be able to reduce your out-of-pocket expenses if your premiums are deducted from your super account.

Why bundle insurance with super?