Retail Super Fund VS Industry Superfund

Hey everyone i am sure everyone has maybe had this discussion but i can not find a great deal of history as i was searching through.

Abit about me i am 26 and invested in a industry superfund (hesta superfund), i have an account balance of about 60K.

Industry super funds run a very good campain saying that there fees are lower and they are for there members with profit going back too members(this is very attractive).

the last couple of years i have lost quite a lot of money (well not as much as some people).

Before the GFC my fund was performing very well with great returns between 14%-16% each year.

I seem too be attracted too retail wholesale super funds (perpetual) and this is because:

Greater choice of where my money is invested.
improved transparency on the funds (maybe i should be more trusting).
Some possibility too link other investments e.g. managed funds.
Access too geared funds.

a issue i have is the fees are much higher just over double what i would pay in a industry fund.

I feel that a retail super fund may produce better results with access too things like geared funds and smaller companies funds etc.

A lot of government campaigns say look at fees etc and david kochies from sunrise website states that 26% of people are trying too get out of retail super funds, But is this because they are linked too a financial adviser who is taking 4% of all contributions (something that can be avoided if you invest directly).

Anyway i am confused as i look at everything evening comparing funds is not as easy as most people say. They report at different time and say as of such a date our ten year return was such and such.

Every super comparer website i look at tells me different things.

So i have come too this forum looking for a discussion that may help me make my decision.

Thanks for your feedback and the sharing of your experiences.

Jeffery

 

Hi Jeffery

Most retail funds are expensive but provide a large choice.
Most industry funds are cheap but can be average performers.
And...
Most managed funds underperform.

So what do you do?

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Kind Regards