I know this is a bit niche ! but wondering if anyone has any thoughts on which of these funds is better?
Comparing them on Canstar is about even for a high growth high risk type fund. They both perform well, but need to pick one to avoid the double up in fees. Both are only available to employees so when close one it is not able to be reopened.
Any advice would be appreciated!
Thanks I didn't know that!
If they're the same on Canstar, then it just depends which industry you're planning to continue working in.
I am eligible for both of those and had done a comparison a few months ago and decided to stay with Telstra Super than change. Both were very very close in almost every metric that I looked out; so don't think you can go wrong with either one.
Thanks for the input, same situation! I've been with Telstra the longest, but I was comparing the insurances and UniSuper seemed to be more for less (life, tpd, income), which is my only real concern. Was there a reason you chose Telstra, or just easier to stay with than move?
Performance between the two are similar, Hostplus I believe had the best returns of late.
https://www.superguide.com.au/boost-your-superannuation/inve…
UniSuper has a fund performance comparison thing at https://memberonline.unisuper.com.au/compare-us-with-other-f… that might be worth having a look at. (For the record, it claims to be independent from Chant West, but consider potential for bias).
Aside from that, I have no idea. I'm with UniSuper and they seem fine.
Amazing coincidence, was searching for this exact comparison.
Never looked much at ratecity.com.au but they seem to pull good info together for this stuff. They include a general blurb with some fluffy info about each fund, eg: UniSuper "The fund is Infinity Recognised, which is a result of its strong commitment to environmental and social principles".
So probably a good idea to look at Canstar AND Ratecity just in case they are reporting differently.
I find it a hard road because it's all so dry, just like shopping for insurance.
Make sure you are looking at the appropriate comparisons. If you are young, you should be looking at comparisons of Growth options in funds, not Balanced options.
Unisuper is open to former members and family of now.