Research Paper

Wednesday, 10 April 2019

Fee and Performance Analysis

AIST has commissioned SuperRatings to examine the differences in fees and returns of profit-to-member funds compared with for-profit funds run mainly by banks. The report shows that the median profit-to-member MySuper has delivered 6.47% pa to members over 3 years – well in excess of the 4.94% per annum by bank and retail-owned super funds – and at substantially lower fees. In the Choice sector, bank and retail-owned funds charge much higher fees than profit-to member funds and generally underperform over both the short and long term.