DiscoverInvestopolyEP 315: 2024: The best super fund is…
EP 315: 2024: The best super fund is…

EP 315: 2024: The best super fund is…

Update: 2024-07-30
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Do you have a question? Email questions@investopoly.com.au and Stuart may answer it in the podcast.

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In this episode, Stuart delves into the critical topic of selecting the best super fund for 2024. With many super funds delivering impressive double-digit returns in the past financial year, Stuart highlights the disparity among funds, particularly in terms of transparency and risk. He emphasizes the importance of scrutinizing funds' investments, especially those with unlisted assets, and the potential conflicts of interest tied to industry funds' connections with trade unions and political parties.

Stuart advises on the benefits of choosing super funds with a significant allocation to listed investments for better transparency and reliability. He also discusses the recent legislative changes allowing super funds to provide limited financial advice, noting the potential conflicts of interest.

For those with substantial super balances, Stuart suggests exploring alternatives to industry funds, such as wrap platforms, which offer greater transparency and potentially lower fees. He champions UniSuper as the top industry fund due to its consistent strong returns, low exposure to unlisted assets, and competitive fees.

Tune in to gain insights on maximizing your super returns and making informed decisions about your retirement savings.

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Do you have questions? Email questions@investopoly.com.au

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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EP 315: 2024: The best super fund is…

EP 315: 2024: The best super fund is…

Stuart Wemyss