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Vanguard personal super funds

Discussion in 'Superannuation, SMSF & Personal Insurance' started by venger0, 17th Mar, 2008.

  1. venger0

    venger0 Active Member

    Joined:
    30th Jan, 2008
    Posts:
    40
    Location:
    WA
    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.
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    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.
     
  3. venger0

    venger0 Active Member

    Joined:
    30th Jan, 2008
    Posts:
    40
    Location:
    WA
    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 :D
    Again, if anyone is already using SunSuper, please share your experiences with us all :)
     
    Last edited by a moderator: 19th Mar, 2008