Australian Institute of Superannuation Trustees
AIST has commissioned research through SuperRatings to examine what consumers are getting from not-for-profit superannuation funds when compared with superannuation funds run for profit (mainly by banks). The research examines over 5,000 investment options. The research analyses fees, investment returns, and whether the assets underlying the investments are comparable – what are consumers getting on a like for like basis. A key finding of the report is that, in the Choice space – consumers are paying up to four times more in super fees for some retail funds and usually getting lower return.