Types of super fund

There are five main types of super funds:

  • industry funds
  • retail funds
  • corporate funds
  • public sector funds
  • small super funds

Small super funds are predominantly self-managed super funds (SMSFs) although a small percentage of small funds are known as small APRA funds.

You may also be able to open up a Retirement Savings Account (RSA), which is a superannuation account that’s similar to a savings account that banks and other financial organisations offer.

Set out below are all SuperGuide articles explaining Types of super fund.

Top 10 performing super funds for 2015 calendar year, and for past 10 years

The investment performance result for the 2015 calendar year (1 January 2015 to 31 December 2015), for the median growth superannuation fund, has delivered the fourth straight positive calendar year return, according to rating company, Chant West.The modest investment performance for the 2015 … [Read more...]

SMSF confidential: the inside story on DIY super funds

Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2013-2014 statistical review of SMSFs (released in December 2015). This report also contains data for the 2014-2015 year. The annual report for the 2014-2015 year will be available in late … [Read more...]

SMSFs surge towards 560,000 controlling $590B in assets

Note: We regularly update this article with the latest data on superannuation funds issued by the Australian Prudential Regulation Authority (APRA). This article contains the latest statistics available, as of November 2015 (for data as at June 2015).Well over half a million self-managed super … [Read more...]

Markets bear down on super during 2015/2016 year

Share markets around the world seem to be seesawing between freefalling and bouncing, and since August 2015, Australia’s share market has come down with a serious case of bear market. Okay, perhaps bear market may be a bit strong until we have a few more months like August, but not surprisingly, … [Read more...]

SMSF basics: Choosing a wrap vs DIY super

Q: I am looking at setting up a DIY super fund whereby I take over from a wrap provider, saving about $7000 in fees. Is there a ready-made program I can buy now, or how would you plan for this? Any books or articles that would assist?Choosing to run your own super fund is not just a cost … [Read more...]

Life insurance and super: 10 things you should know

One of the better deals in superannuation has only a slight connection to your life in retirement. Life insurance cover within super funds rarely makes the headlines but for many Australians they are getting cost-effective cover from their super funds.Life insurance is insurance that pays out in … [Read more...]

MySuper: Now at a super fund near you

If you believe the federal government’s public relations campaign, MySuper can deliver you the equivalent of nirvana in superannuation – low fees, strong investment performance, financial security and a worry-free retirement.Pardon? You haven’t seen the government’s MySuper publicity campaign? I … [Read more...]

MySuper: 116 super funds now available

Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly if any additional MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article last updated on 16 September 2015. If you are looking for … [Read more...]

Fees: Do cheaper super funds mean bigger retirement balances?

Countless reports have been published stating that super fund fees are too high, and that the super industry needs to work harder on lowering administration and investment fees. We all love a good deal and don’t want to pay more than we have to when saving for retirement. Are super fund fees now … [Read more...]