Research Paper

Friday, 29 June 2018

Fee and Performance Analysis

AIST has commissioned SuperRatings to update what consumers are getting from profit-to-member funds compared with for-profit funds run mainly by banks. The report shows that the median profit-to-member MySuper has delivered 8.33% pa to members over 3 years – well in excess of the 6.66% per annum by bank and retail-owned super funds – and at substantially lower fees. In the Choice sector, bank and retail-owned funds charge between 117-182% more than profit-to member funds and generally underperform over both the short and long term.