Best Industry Super Funds in 2019

Hey guys ,
I've been with the default ANZ smart choice super scheme and only had time to look through into different super funds. My accountant told me to look into Industry super funds especially with Australia Super funds . Anyone got any idea if that's any good ? otherwise which scheme are people generally with ?
cheers

Comments

  • +2 votes

    https://www.canstar.com.au/superannuation/top-performing-sup...

    I'm with Hostplus, so are my wife and my parents.

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      I don't understand. If hostplus is on the top of the 7 and 3 past years table, why there is no hostplus on the one year table? Does it means in the last one year hostplus perform less than 8% and didn't make it to the list?

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        In this case yes. Hostplus returns 2 or 3 yrs ago for that particular investment option could have been massive which brings the average up.

  •  

    I am with AustralianSuper. Changed last year. It has to be an industry super fund.

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      I am currently with AMP. Send multiple emails to Australian Super hoping to speak to someone but they never return email. Tried to call them but everytime i do so the waiting time on the phone exceeds 45mins, left a message and they never call back.

      Are u guys getting good service with AustralianSuper?

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        Ive never asked them to do anything for me. I can manage it online easily enough.

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        All super funds are very busy at the moment Jeeg. Recent changes to super rules that commenced 1/7 and being around the end of the finacial year & tax time has caused this. Had to wait about 30 min the other day to get through. Their staff are very knowledgeable and helpful.

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        What’s the investment return of AMP? My life only got less than 5% last year.

  •  

    With HESTA. They have been great. Thinking of diversifying into Australian Super.

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      No point having 2 funds. Those 2 are both fairly close. Use the comparison tool on the AUS super website.

  •  

    Pick any industry super fund, you can't really go wrong with any of them since they all average very similar over 30 years.

  •  

    HESTA, AUSsuper, First State Super.

    I've been with FSS for 13 years. Their customer service is good. They always answer my emails within 48hrs, answer the phones promptly and have an Australian call centre.

    I was with MTAA Super (a top performing industry fund from 1997-2008) and it was an unmitigated disaster and I'm surprised some of the directors didn't get prosecuted.

    I was going to swap over to Aus Super last year as it would have saved $2k-$3k in fees but then FSS dropped their charges a bit and there was only a few hundred in it so i stayed.

    I also have my own investment mix which saves a fair bit of fees. eg: rather than use the high growth option (0.91% fees) with I have:
    35% International Equities (0.1% fees)
    25% Australian Equities (0.09%)
    20% Growth (0.8%) This gives some exposure to fixed interest, bonds, cash and alternatives.
    20% Diversified Socially Responsible (0.66%) This gives some exposure to fixed interest, bonds, cash and alternatives. Socially responsible funds are performing very well and have the added feel good factor.

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    With AustSuper. I'm barely making money on it after the 15% tax.

    Anyone have experience with Spaceship?

  • +1 vote

    Why did your accountant tell you to look into industry funds, especially Australian Super?

    This needs to be understood in order to guide any advice. Was it because of fees? Was it because of investment options? Was it because of investment performance? Was it because of the comparative insurance arrangements?

    These are the sorts of questions that need to be answered before you should be considering an alternative product.

  •  

    are any of you guys getting the Death , TPD and Income protection cover from these superannuation funds at all ? (i heard they're pretty useless and better to get it solely from an insurance company ) thoughts ?

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