It often starts with niggling doubts. Fees that are above the industry average, investment performance that lags its peers or an unhelpful response to your queries.
You begin to wonder why you chose this super fund, if indeed you did choose it as opposed to having it chosen for you by your employer or financial adviser, and if you should switch funds.
So, how do you tell if your super fund is performing as it should, and what are your options if it’s not?
Where to start?
Begin by getting to know your fund, or funds if you have more than one. Your most recent annual statement is a good place to start. Is it easy to follow and useful?
Your annual statement
This will tell you how your money is invested. The names of investment options may vary from fund to fund, but get to know what type of investments and investment mix you hold.
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