Alternatives to ING Living Super's Greedy Fee Hikes

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  Master Bates on 14/07/2017 - 12:39

  Scott Pape (The Barefoot Investor) claims that Hostplus have the cheapest Super fund in Australia.

  I am with Australian Super myself.

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    CheapSticks on 14/07/2017 - 13:44

    It depends how much money you have in super and what options you choose. You

    I did the comparison on Chantwest (avlble for free on Host website) and chose high growth option and for my super amount HostPlus was $1,000 expensive than Australian Super. Returns wise AusSuper better in 3yr / 5yr / 7yr terms. 10yrs HostPlus marginally better.

    For insurance if you are below mid 30s probably Host slightly cheaper. As you ramp up to 40+ - Host plus materially expensive.

    AusSuper for me !

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      mrtin on 19/07/2017 - 23:18

      For insurance, i would say be aware of policies that are "cheap" and where you dont go through proper underwriting. Problems may arise at claim time.

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        CheapSticks on 20/07/2017 - 09:43

        They are pretty same if taken through industry super funds as given their not for profit remit they are pretty considered on this. Its all about managing risks for them.

        Certainly agree with you if buying outside super or with retail funds.

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        mrtin on 20/07/2017 - 15:59

        @CheapSticks:
        I would disagree. I have access to research software comparing basically any policy and some are average, and some are shocking. Im talking about definitions between polices and when they actually pay out. The average person has no idea of the differences. eg exclusions. what it means to be disabled (i know that sounds stupid)

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        CheapSticks on 20/07/2017 - 18:54

        @mrtin: i see..
        Between Host Plus and Australian Super offered insurance - would you be able to tell which one is better and why? Will be interesting to know and perhaps I should consider moving to HP if thats better.

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        mrtin on 20/07/2017 - 19:03

        +1

        @CheapSticks:
        AS has a score of 50 out of 100. HP has a score of 39.
        My opinion is if you are paying for something, pay for something that has a higher chance of paying out. i.e. get a proper comprehensive policy. One of the things i do is (unfortunately) help people when they claim (with whichever insurer they have insurance with)- and these policies have a tendency to be terrible.

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        CheapSticks on 20/07/2017 - 20:41

        @mrtin:

        thanks so much. Thats very helpful.

        Is 50 out of 100 considered bad compared to benchmark?

        If so, which insurance provide or policy would you suggest?

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        mrtin on 20/07/2017 - 21:24

        @CheapSticks:
        The best policy i believe is one that is personalised to you i.e. fully underwritten, relatively lenient/broad definitions (when it pays out), right features, and right cover amounts.

        If you want help with something personalised to you, then PM me.
        Cheers

  • 

    dcep on 15/07/2017 - 12:59

    Hi masturbates, it depends on which product / package.

    Hostplus cheapest on index balanced (high growth/risk managed product), but OP wants something that he can direct invest on shares & ETFs.

    • 

      Master Bates on 15/07/2017 - 17:50

      +2

      masturbates

      Lol

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        CheapSticks on 20/07/2017 - 09:44

        ha ha - thats really Funky (Phunkydude!)