How do I choose?

There are many things to consider when comparing super fund providers, including: 

Insurance

If you were to move to a new super fund, the insurance cover you may be offered may not necessarily be as beneficial as the cover you currently have with your existing super fund.

Fees

When comparing the fees of your current fund with another provider, there are a number of elements of the fee structure you should consider. For example, entry and exit fees, insurance premiums, extra contribution fees and investment strategy switching fees.

Investment performance

It is not recommended that you compare funds purely on investment performance but it is something to take into consideration. Take care that you are making true comparisons as some funds may quote returns before fees and taxes and others may quote returns after fees and taxes have been paid.

Quality of member services

You need to consider the types of services that are important to you, such as regular communications, ongoing education, internet access to your fund details, telephone support and financial advice.

Employer benefits

Your employer may cover, or contribute towards, your insurance and account fees. This could be a valuable benefit to lose should you change your super fund from your employer's default fund and is worth taking into account when making comparisons.

Complying fund

Your chosen super fund must be a complying fund in order to be able to receive your employer's superannuation guarantee (SG) contributions.

 

Should you wish to change your super fund, you will need to complete a standard choice form which should be given to you by your employer.

Mercer offers two superannuation products, if you are considering changing super funds. To find out more about placing your super with Mercer, either through the Mercer Super Trust or the Mercer Portfolio Service, follow the links below.

Learn more about the Mercer Super Trust
Learn more about the Mercer Portfolio Service

 

For more information about choice of fund, see:

What is choice of fund?

Do I have to choose?

How do I get help?

What can Mercer offer me?

More information
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