EP 54: We Tried to Find the Worst Super Fund — Here’s What Happened
Description
How bad can a super fund really be?
In this Wealthlab episode, Scott and Phil go on a mission to find the worst performing super fund in Australia using the official MySuper comparison tools. What starts out as a simple data search quickly spirals into a frustrating (and hilarious) deep dive into just how broken these tools really are.
Using the ATO's YourSuper comparison tool, industry websites, and default lifecycle fund disclosures, they uncover:
- Misleading return ranges (some as wide as 3%–6.5% for 10-year performance!)
- Lifecycle options that get worse as you age
- Government-endorsed tools showing closed funds in top rankings
- Fines for misleading return data — paid with member money
This episode breaks down why super fund performance figures are confusing, how funds manipulate perception with outdated or selective data, and why comparing super funds is nearly impossible without professional tools and advice.
💡 Whether you’re in AustralianSuper, Hostplus, Aware Super, ART, QSuper, or any other fund — this is a must-listen to understand how your retirement savings are really being measured.
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