How do I choose a Super Fund?

Investment performance

Past performance might be one of the first things you look at when comparing funds, but it’s not a reliable indicator of future performance.

If you are going to consider past performance, it's always wise to look at a fund over many years rather than just one or two. 

Investment options – does it suit my investing style?

Check whether your super fund provides an adequate range of investment options to suit your needs. Depending on your financial needs and objectives, you can usually balance a range of lower to higher risk options within one super fund.

Value for money 

Fees, returns and risk all affect your bottom line. You should consider fees and charges when choosing a fund but remember, fees may be higher for funds that offer more service and features.

Insurance within a fund often provides good value for money, especially in employer plans as these usually offer lower/cheaper premiums.

You should consider your needs and the benefits offered along with the overall returns after fees are paid.

Competitive insurance

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.

Accessibility

You should choose a fund that you can service easily. Make sure you can access your account and review your balance with minimum fuss. Many funds now offer this service online.

Seek advice

Choosing a super fund that meets your needs is one of the most important investment decisions you will make. A financial adviser will be able to help you design a super strategy that you are comfortable with.