
Investment returns/losses for the growth investment options within super funds ranged from a low of -4.8% through to a high of 2.6%, according to figures released by rating company Chant West.

The median superannuation growth fund lost 2% in value for the 2011 calendar year, although the median fund is sitting on a gain of 2% for the 3 months to December 2011, according to rating company Chant West.

Q: Let us say I contribute to super to a retail managed fund and then at 65 I want to receive an income and/or the fund says I am no longer eligible to remain in the fund and I have to take the money. Can I at that time set up a DIY super fund?

The median superannuation growth fund gained 3.1% in value for the month of October, although still sitting on a loss of 2.4% for the financial year to date (that is 4 months, from July 2011 through to 31 October 2011), according to rating company Chant West.

Rating agency, SelectingSuper has conducted some nifty research on the fees that super funds charge, and in generous fashion SelectingSuper regularly releases the highlights of this research for free access by the general public.

The median superannuation growth fund lost 1.9% of value for the month of September, and has suffered a depressing loss of 5.1% for the financial year to date (that is 3 months, from July 2011 through to 30 September 2011), according to rating company Chant West.

The median superannuation growth fund lost 1.5% of value for the month of July, and has suffered a massive loss of 5.5% for the financial year to date (July 2011 through to 19 August 2011), according to rating company Chant West.

Q: I have my super with a major financial organisation. I’m wondering, are they a good company to be dealing with? I feel that their fees are a bit high: based on an investment amount of $300,000 the MER amount is $6,600 plus a monthly admin fee of $8.44. What are your thoughts on this matter?

A common and reasonable question is, what does a good super fund look like? Professional rating companies, such as SelectingSuper, SuperRatings and Chant West, evaluate and rate Australia’s largest super funds against various criteria.

A popular question from SuperGuide readers is: what is the best-performing super fund in Australia? Using the term ‘best’ is dangerous in any field because it involves some level of personal judgement…

Investment returns for the growth investment options within super funds ranged from a low of 6.6% through to a high of 12.5%, according to figures released by rating company Chant West.