Industry Superannuation Funds
An Industry Super Fund is what most people consider a “traditional” superannuation fund. You work for an employer, and you either chose your own fund, or your employer had a default super fund choice.
Over the last 10 years (to 2012) the performance of industry standard super funds has not been that great. Commonly there are a lot of fees, and these fees can be quite high. As a result, the government has recently been making new legal requirements for disclosure of Super Fund fees and charges.
Think about it – the very fact that the government needs to make these laws to force disclosure indicates that you probably aren’t getting the best deal inside an industry standard super fund.
It doesn’t have to be this way.
So you want to take control yourself? Pick the best deal from an infinite range of investment opportunities? Then your need to consider a Self Managed Superannuation Fund.
Take a look at how AAFS can assist you with setting up your own Self Managed Super Fund.