Fees too high?

Recent legislation has seen the introduction of MySuper, which has in many cases resulted in a reduction in benefits and services within Superannuation funds. If you compare ‘apples with apples’ fees have actually gone up in many cases, as many MySuper funds have passive investment strategies which are very cheap to manage.

No two funds are the same. Understanding what you get for the fees you pay is very difficult to do and comparison is still not easy. Insurance premiums also vary hugely between funds.

If you are interested to find out if the fees and premiums your superannuation fund charges are competitive please contact us for a desktop review.

Fees have a large impact on the final retirement benefit you receive, so we are keen to minimise them where possible for our client.

The information on the Website is of a general nature only and has been prepared without taking into account your, or any other investor’s, particular financial needs, circumstances and objectives. The information on the Website should not be construed as financial, taxation or legal advice.  Lifestyle Financial Services Pty Ltd recommends that you consult a financial adviser for advice that addresses your specific needs and situation before making investment decisions.