Wednesday, March 16, 2011
"Back In My Pocket, Not In Somebody Else's"
For the nearly 20 years that I worked in Australia, one of the things I appreciated most was having a superannuation fun to call my own.
In Singapore, it is more commonly known as a provident fund or CPF (Central PF), run extremely efficiently by the government.
In Australia, the advantage is that you get to choose your fund manager, as they are (if I am correct) all privately managed,
Of course, in order to choose a fund that suits you requires homework. Of course, we all want to end up with a fat super fund, which only happens if we can enjoy low fees and, more importantly, sound and canny investments.
Of the funds available, AustralianSuper is one of the biggest industry superannuation funds in the country. It is run only to benefit members and offers low fees, in fact, half those of the average retail super fund.
For the past nine out of 12 years, AustralianSuper has been a top investment performer, apparently more frequently than any other super fund.
However, like I said, do your homework. It won't surprise me if you did end up with AustralianSuper.
** This is a sponsored post.
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