Vanguard personal super funds

Hi all,

I'm looking at moving my existing personal super to a low-cost index fund. I only know of Vanguard. I like their LifeStrategy funds since you just need to choose a profile - and every contribution will be balanced across the various underlying funds.
MER = 1.09% p.a + $66 p.a

No entry fee too.

My existing one is terrible on costs - 1.94% plus 5% entry!!

Anyway, just wondering if members here are using any Vanguard super funds. Also if there are cheaper options - would love to hear about them.

 

Hi Venger,

Not to sure about the Vanguard Super funds, I was very amused though when another post said to stay away from bank planners as they flog their own product. 2/3 of our asset allocation is in Vanguard index funds, as we know it's the most cost effective way of being invested in the market. We took a core-satellite approach.

For your current fund, 5% is extremely steep as an entry fee.

It's obviously a retail fund vs corporate.

The 1.9% isn't so bad depending on what funds it's actually investing in.
If your having issues with it PM me.

Cheers,

Dan

PS Before making an investment decision speak to a FPA registered Financial Planner.

 

Hi all again,

I've found another super that provides indexing - SunSuper (sunsuper.com.au). In fact, they access the State Street Global funds (someone in the know please correct me if i'm wrong here ) - i think they provide the STW, SLF and SFY exchange traded funds.

Need to read the PDS in detail, but at a glance, the MERs are very low, low/nil fees.
It calls itself an industry fund but still accepts employer contributions (Super Gurantees) - located in Brisbane. Anyway, thought i share the info
Again, if anyone is already using SunSuper, please share your experiences with us all